Being in the Florida market and watching it closely i honestly think the biggest reason inventory gains aren't higher right now relative to a year ago is because of expired listings. I'm seeing a lot of shenanigans with agents pulling listings then re-listing months later as a rental and then re-listing a day later for sale again. Lots of listings are just being outright pulled as well, I'm waiting to see how many come back for the spring season.
@renelopez224416 күн бұрын
I've seen the same thing
@aprilgentile543815 күн бұрын
Totally agree
@Culverbenz15 күн бұрын
Great comment alot of Shadow inventory out there
@beckytourian14 күн бұрын
I've got about 35 homes saved on Zillow for my area of interest...5 were taken "off market" (not sold) in the past 1 month.
@SamuelClemente771814 күн бұрын
Bingo. Im selling
@nickc385616 күн бұрын
I sold my Orlando condo earlier this year (closed May 1st) and I feel lucky because comp prices are already down since then.
@nitroneonicman16 күн бұрын
I've been living in Orlando for over a year now looking to buy, I honestly don't want to buy now even though I could since inventory is so high and prices are dropping so fast
@trahar625716 күн бұрын
@@nitroneonicmanI would say just be picky and don’t offer list price. As long as you plan on keeping it for at least 5 years I don’t think now is a terrible time to buy. If you’re someone who just wants to buy to get rich or produce “passive income” I’d keep waiting
@nitroneonicman16 күн бұрын
@@trahar6257I'm just looking for a nice place to live in. I've made a few offers but most sellers are still being fairly rigid. It's a fine balance between being picky and making enough offers to find someone willing to negotiate
@JasonWalter115 күн бұрын
Congrats!
@LockedUpLarry15 күн бұрын
@@trahar6257mmmm. Be careful with this advice. You really need to gameplay and look over an amortization schedule. If you bought with a 30yr mortgage at today’s rates and median price…. you’ll need to hold the property for at least 10-15 yrs before real equity is realized! 5 years “WAS” the standard back in like 2005z 😅 good luck. EDIT: obviously down payments and credit move the needle-slightly.
@amandabrau-v6w15 күн бұрын
Agent here we know in fl seeing short sales definitely picking up quite a bit! Mostly people who bought 2021/2022! Also had our mortgage company tell us they are seeing more and more short sales out of Florida
@HappyandBlessed-wj7gc14 күн бұрын
Nobody told you any of that. 🙄
@amandabrau-v6w14 күн бұрын
@ actually yes they did, because we filed for short sale, she said they are seeing more and more short sales out of Florida, you probably have no clue and don’t live in Florida! Don’t tell me what I was and wasent told!
@HappyandBlessed-wj7gc14 күн бұрын
@amandabrau-v6w Anyone who actually does work in real estate and knows about it knows that absolutely nothing you said makes sense, and things don't work like that. Not sure what you think you're accomplishing by posting such rank nonsense.
@nothuman308314 күн бұрын
1 million in inventory sitting empty start selling or I start telling the gangs your trying to force out how to get houses condemned. Your half million dollar crack shacks are disgusting greed. I will fight you with the codes because 40 hours doesn't equal 16000 hours. House sits empty for 6 months now that's a health hazard it's time to turn water off, enjoy trying to sell condemned properties azole
@amandabrau-v6w13 күн бұрын
@@HappyandBlessed-wj7gc your the one posting non sense telling me I wasent told things that I actually was, your the one hiding behind several different accounts! Hahahaha
@michaelmccarthy837212 күн бұрын
As always, your best video of the month! Looking forward to the next Florida update! I’m using your data analysis to determine when to buy here.
@JasonWalter111 күн бұрын
Awesome! Thank you!
@Dee-w5y14 күн бұрын
Home values are declining in every county in Florida.
@JaydogRules-q6w13 күн бұрын
Tag ! Found the 🤡!
@shanerogers938613 күн бұрын
Just saw a few scumbag flippers take a $200K haircut in some of the homes they tried to make a sleezy buck on. Can’t wait for what’s coming
@shanerogers938613 күн бұрын
@@JaydogRules-q6wever hear the phrase “whistling by the graveyard “ Keep buying for that passive income and stay classy
@lovenys40716 күн бұрын
Thank you for making this content for us Florida buyers. Very helpful.
@JasonWalter115 күн бұрын
Glad you like them!
@gmlarry16 күн бұрын
I pulled my home in September when it did not sell after 7 months. People with low rates and the ability, will pull and sit on them till the market recovers or rent. I think this is what we are seeing.
@JoeGarcia-cg1pp16 күн бұрын
What county you are?
@JasonWalter115 күн бұрын
Hope you get a great offer if you decide to relist.
@LockedUpLarry15 күн бұрын
I’ve been saying this. If you have a pre-covid mortgage…you can drop rent asks like the big property owners. If you have a post-covid mortgage….good luck. Chances are your mortgage is way over rent asks in the area. ESP in the west!
@nothuman308314 күн бұрын
7 months that's health code violation, time to turn your water off. Enjoy trying to sell a condemned property azole
@JohnnyCastaneda-kh5oo16 күн бұрын
Florida’s inventory seems like it won’t be able to get absorbed to hold prices up with all the issues that they’re facing
@nothuman308314 күн бұрын
1 million in inventory not on the market, start being ruthless. Told gangs how to get houses condemned that are sitting empty driving out their families. Suddenly the half mill crack shack is 300 thousand
@rdk399616 күн бұрын
Multiple catastrophic hurricanes doesn’t help
@JoeGarcia-cg1pp16 күн бұрын
Honestly I live in Brevard county it's not that bad the media for ratings really blows it out of proportion my wife's family keeps calling there from California they were scaring them Really bad 😅 but if your on Westcoast of Florida it's worse because hurricane are made by the gulf there
@nitroneonicman16 күн бұрын
@@JoeGarcia-cg1pp yeah in Orlando we just lost power for a day. Clearwater was hit pretty bad though, the hurricanes caused a lot of damage there and in st. Pete.
@AJourneyOfYourSoul15 күн бұрын
Florida has always been a very volatile market compared to the rest of the USA. It would not surprise me at all if in a couple years it crashes and the rest of the country doesn’t crash at all. Florida real estate is just wild with huge swings of people moving in and out in droves.
@Steverz3217 күн бұрын
#1 Happy Hump Day Jason! #RealEstateIsLocal #LetsGetNerdy #EveryMarketIsDifferent
@JasonWalter117 күн бұрын
Good morning! You're one of the first to watch this one. Thank you for being a channel member.
@JoeGarcia-cg1pp16 күн бұрын
I just move to Florida and Insurance is ridiculous and even worse is property taxes I believe highest in Country like 2.1 percent I'm going down to my tax collector and see wtf is going on! I can see why nobody is buying it's pricey and the property taxes really bother me how high they are
@rubicon341616 күн бұрын
Florida is in the middle on property taxes compared to other states. The rate should be less than 1%.
@imaginarium992316 күн бұрын
@@rubicon3416No necessarily. I'm in Florida and my county property tax is astronomical. I'm paying about 1.6%.
@JoeGarcia-cg1pp16 күн бұрын
@imaginarium9923 i just did the math and in Brevard county I'm getting charged 1.83% 😠
@aprilgentile543815 күн бұрын
If you just purchased wait till next years tax bill arrives 😳
@JasonWalter115 күн бұрын
2.1%? Wow! In CA, it averages around 1.25% (higher for newer communities though) but not 2%.
@edinhadzic708516 күн бұрын
Florida gained around 1.5 milion new residents in last 4-5 years.
@ruthannelamantia556816 күн бұрын
But also have ~300K deaths per year.
@edinhadzic708516 күн бұрын
@ yea people die and babies are born, I don’t know what you are trying to say. 1.5M is net increase in population.
@edinhadzic708516 күн бұрын
@ still 1.5M net increase in population. Imagine if people stop dying what would increase be 🤦♂️🤦♂️🤦♂️
@aprilgentile543815 күн бұрын
Florida lost almost 1,000,000 residents in 2022 and 2023 that’s not counting for the other years and not counting for deaths
@nothuman308314 күн бұрын
Still 1 million empty properties not on the market
@cameroncastel837015 күн бұрын
Florida home prices are still way too high, the cost of homeowners insurance, taxes, fees, flood, etc. while every metro is different, overall the prices need to drop 25% specially Miami-Dade, Pensacola, Tampa, Cape Coral. Can’t wait to see the pain.
@JaydogRules-q6w15 күн бұрын
Nothing "needs" to happen except maybe you getting a better job and paycheck so that you don't need to hope the rest of the world burns. Misery loves company, I get it.
@nitroneonicman14 күн бұрын
@@JaydogRules-q6w similarly though, just because speculative buyers pushed up the prices of houses thinking they could make a quick buck doesn't actually mean that they made a smart investment or that those houses are actually worth what they paid for them.
@nothuman308314 күн бұрын
nah I am just telling people how to get empty house condemned.
@shouse51109 күн бұрын
Insurance, when new buyers get a quote, they drop out of the deal.
@ruthannelamantia556816 күн бұрын
Does this include condos? That market is much different than SFH.
@JasonWalter115 күн бұрын
Only SFH's
@MegaDePorter6 күн бұрын
So why do folks move to Florida? Seems like Kentucky or Kansas would be wiser.
@XennialGuy14 күн бұрын
Wow, we are getting Dec 2025 predictions a year early!
@shouse51109 күн бұрын
finally some saw that....2025...dec 2025..
@matthew287416 күн бұрын
If people getting hit with blizzards and snowstorms, Florida might gain some traction this winter. No Hurricanes in January and could get a good deal just have to do your homework