Good information. Supply and Demand 101.😂 With an inflation kicker. 😢
@jamesoleary18447 ай бұрын
According to Rocket's December 2023 for Sarasota County. Inventory up, over seven months worth and building. Days on market up. Sales down. Not typically what you see in a market about to "skyrocket".
@MattLeichtRealtor7 ай бұрын
I'd totally agree with you! But if the fed drops rates 1%. It brings 3 million Buyers into the home buying market. The supply and demand affect would favor Sellers and prices would go up.
@LJH6627 ай бұрын
He’s a broker. None of them tell you prices will drop. Buyers control the price. Don’t buy the inflated asset !
@jamesoleary18447 ай бұрын
A few are check out Ben Grieco@@LJH662
@karnevil99597 ай бұрын
@@MattLeichtRealtorit will also bring in wannabe sellers who perhaps can now justify the tighter spread between their low rate mortgage and the market rate. Add to that the high percentage of shadow inventory that owners are now seeing costs escalate and are having a hard time justifying a secondary home that sits vacant for a good part of the year.
@LJH6627 ай бұрын
Prices sky rocket from the layoffs😳😳
@MattLeichtRealtor7 ай бұрын
The demand for houses is there, if rates go down and houses become more affordable. Then prices would adjust accordingly. If rates go down and houses are still sitting on the market. You will see prices drop.
@markreid74 ай бұрын
@@MattLeichtRealtor I mean just because rates fall doesn’t mean prices come down. I think there supply and demand will both go up meaning more will put their house up for sale and there will be more buyers.
@MichaelBrown-ny3et5 ай бұрын
The Florida market has been destroyed permanently. We can cheerlead all we want here but it a horrible time to buy in Florida. Insurance prices is now the main problem. One more storm is all it’s going to take to make it a cash buyer market.
@LJH6627 ай бұрын
WE KNOW WHO WILL BE IN OFFICE, HE IS ALREADY THERE AND THIS IS A PAUSE. TIME TO TALK REALITY
@asullivan79447 ай бұрын
I think ur very wrong All about the eggs 😂😂 Not a good indicator, says analysts
@MattLeichtRealtor7 ай бұрын
I hope I'm wrong to!
@LJH6627 ай бұрын
Whatever happened in 2023 is NOT 24!
@LJH6627 ай бұрын
Yeah ok, put into overpriced asset to hedge inflation.