UNSOLD HOMES SURGE 500% as RECORD CONTRACTS CANCELLED | Orlando FL Housing Update

[@jaredjonesorlandoliving]

🤔 Thinking of buying, selling, or investing in real estate? My team can help anywhere! Call or Text: 407-706-5000 Email: [e-mail] Visit my website: www.jaredjones.com

[@LordAdama-cr4bf]

@@jaredjonesorlandoliving no thanks dude. You talking to someone who's on the streets.

[@sammythompson3694]

It is a good feeling to buy a home in Florida until the home buyer figured out that taxes and insurance costs more than the mortgage payment.

[@Games4Kidz7]

+HOA

[@321rydell]

Thats the State/goverment fault...they are also as greedy as Corporations...oh wait a minute...They are a Corporation😂😂😂

[@UnnamedBridgeburner]

You don’t pay state or local income tax in Florida. Just like in NH or other states your property taxes are going to be higher to pay for services. State income taxes range from 2% all the way to 13% on top of high property taxes. So, you still make out better in Florida than in most states that you would want to live in. The insurance thing does suck. My insurance has tripled in three years.

[@Games4Kidz7]

@@UnnamedBridgeburner you will own nothing and will be happy

[@Francis-px2oc]

We almost bought there this summer and then as we dug deeper and realized these facts we backed out. I’m so relieved that we did.

[@Brandonhistorymakerz]

One thing about bubbles: no one thinks they’re going to ever pop right before they do in fact pop 😂. The only people screaming it’s a great time to buy are people who require you to buy to make a living

[@diesel104]

Facts! 😆.

[@danven1256]

I can remember the '08 recession. As the market was collapsing I listened to real estate "experts" on the radio that were telling me it was still a great time to buy.

[@jamesbowen2258]

@@danven1256 To be fair, once it started genuinely collapsing, it was a good time to buy very quickly. It's the 2 years leading up to the collapse when it was a bad time to buy, for the most part

[@quantumquestions5849]

yes they think everyone is stupid.

[@mlo5083]

@@danven1256 The trick is how wealthy you are. Wait for the crash, rent out below cost, carry the load and ten years later...I could show you if this machine had smilavision.

[@DonaldMark-ne7se]

I believe the retirement crisis will get even worse. Many struggle to save due to low wages, rising prices, and exorbitant rents. With homeownership becoming unattainable for middle-class Americans, they may not have a home to rely on for retirement either.

[@Jamessmith-12]

Got it! Buying stocks during a recession when prices are down could be a good move. You might get them at a lower price and sell later when they go up. Just do your homework and be aware of the risks before diving in!

[@JacquelinePerrira]

That's awesome! Investing in stocks with a reliable trading system can lead to great outcomes. It's fantastic that you've been working with a financial advisor for a year now. Starting with less than $200K and being just $19,000 away from making half a million in profit is impressive! Keep up the good work!

[@kevinmarten]

Mind if I ask you to recommend this particular coach you using their service?

[@JacquelinePerrira]

Carol Vivian Constable is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..

[@kevinmarten]

She appears to be well-educated and well-read. I ran a Google search for her name and came across her website; thank you for sharing.

[@Spaethon]

Buyers are not on strike. They have no damn money. This GFC won't be just Wall Street. It's the great financial crash of the individual American. The average household income here in Tampa Bay is $70K, but you need to earn $106K minimum to qualify for the average price house.

[@Bubba-wx7lp]

Exactly.Its the Elephant in the room, that is being ignored. You can't ignore a elephant for long. I was down there in your area, for the 07 mess,this looks way worse, and nobody thought then,that it could happen. Then the bottom fell out.I watched a lot of builders on Gulf,lose everything. I told them it was coming, nobody thought the run would end,until panic set in....

[@Chazcott]

I’d like to emphasize the word qualify here. People in the home buying game know damn well qualifying and actually comfortably affording are no where near the same.

[@glennbuhrr]

Exactly… simple. Majority are jobless and/or priced out competely. We haven’t seen the worse yet.

[@mikeborrelli193]

Whats the average home price in Tampa?

[@mypeeps333]

I Don't think this guy realizes that 😂😂😂😂

[@jameschanner3765]

All I see is good, if this keeps up taxes go back down, developers stop destroying the areas I grew up in, and maybe my kids will be able to afford a house before their mid 30s.

[@quantumquestions5849]

Yes all the land they destroyed in Clermont is still sitting empty. with those nasty ugly Mc Donalds Happy Meal looking ugly homes. They are empty no one is buying this trash paper wood homes. 500.000.00 so called homes. its a complete rip off and people are waking up to this B.S .

[@WoodGuy]

Smart home buyers are waiting for the housing bubble to burst. They'll wait until prices get ridiculously low, like the last busting bubble and get twice the house, cheap.

[@johnnelson9742]

@@Plutogalaxypeople don’t have the money and their credits are wrecked by high apr credit cards

[@scottsuzuki5537]

the only problem with it is that the rest of businesses are hurting as well. There will be less buyers due to economic conditions than before. The auto industry is starting to nose dive too.

[@MyLoganTreks]

Days on Market are the highest in Florida

[@the1one132]

​@@Plutogalaxy the job market is getting bad, I doubt houses will pick back up. People are putting up videos that it is taking them 1 year to find a job in the professional market. The unemployment rate is going up.

[@roxann.]

⁠@@Plutogalaxy you won’t see 2-3% mortgages again (which is the rate current home prices are affordable at). The Fed isn’t buying mbs which artificially dropped mortgage interest rates. Mortgage rates are at historic normal levels.

[@timeforachange-i3s]

You are absolutely right. Lennar states that they are averaging $47K per home to buy down the loan. That means that a $400K home that the tax appraiser accesses at $400K the real price is $353,000 after the buydown rate of $47,000. Lennar sold the home for $353K after paying the $47K for the buydown. Instead of buydown, LOWER THE PRICE OF THE HOME. The tax assessor will have to tax at $353K.

[@jsd354]

Yeah, sure, you think the local county governments are going to reduce their grift? Won’t happen, property tax is what pays for employment benefits, retirement, raises and the cost of asphalt to fill the potholes on the county roads.

[@JamesVarnas]

good point

[@clagueb3686]

@timeforachange-i3s I have bought 3 new homes in 3 different FL counties and they were never tax appraised for the price paid, more like 20% less. Then if with homestead exemption is applied that's$50,000 more off.

[@jcbnyc2009]

Rates could be zero and some home prices still need to go down.

[@melgray4530]

Those houses are very over inflated and they're not even worth it. Anybody buying 500 or a million dollar house. I give it a few years they're going to be underwater. The same situation with the cars.

[@kelarly]

I'm trying to sell my house in Osceola County and it's a nightmare. There's soooo many houses for sale in this county right now, all over priced with garbage pictures. It's insane what people think their house is worth. If you take a zillow stroll in the neighborhoods off 192, they are all airbnb "luxury" homes with overblown listing prices in the 500's - 600's. My normal SF house with a reasonable price gets lost in the sea of red overpriced "luxury" homes. Ooof

[@LockedUpLarry]

How much?

[@fibonaccisequence2891]

Price your house for reasonable amount and do not chase market down like many did in 2008, and you might see results 😉

[@DavidDrew-n6z]

In Orlando it’s probably about insurance. Move back north to the Midwest , away from storms and floods and wildfires and higher insurance . Additionally, home insurance policies made 10 years ago simply are not profitable for the insurance companies anymore due to the parabolic increase in housing values relative to the dollar.

[@lifehappensfast_21]

I remember the average Joe talking about buying a house at peak to turn into into an Air BNB😂😂

[@JohnMiller-jl2pr]

bought villa in Highlands County in 05 for 195K , put substantial improvements into it but of course enjoyed it for 19 yrs and seen like ones go for 135K to 270K during the next 19 yrs and knew it was time to get out of Florida with the HOAs, INsurance and taxes etc going up and lots of condos for sales in the HOA. I had to sell for 230K but feel lucky to move it before all hell breaks loose. in

[@brianmack3665]

Fl is going through a huge shift in fixed carrying costs. If you buy a home today you are unsure what your yearly costs will be next year. Condo costs are skyrocketing, insurance premiums are rising and repair costs have no ceiling so far. Finally flooding is becoming a common concern, and no one wants to experience the long recovery into the next storm.

[@juanlramirez25]

I am a realtor in Arizona and I’ve noticed a huge difference from months ago. I think sellers are being stubborn and buyers don’t want to pull the trigger. I am noticing a few homes dropping their price. Just got two buyers under contract with discounts between 50-75k

[@billdillon3886]

I purchased land with a lake in a small town that borders a state park and a world class golf resort. The land was/is dirt cheap and the weather is mostly nice. I'm 4 hours from the beach and 4 hours from the Appalachian trail. Was fortunate to pay cash and taxes are low.

[@Jesus-x3d]

Location please?? Lol

[@fearlessdrop3021]

I am more in the center of the country im seeing more inventory but its still selling. I just don't know what jobs are paying people eough for these houses. Lots of Florida and Texas license plates around here 3 years ago it was California plates. I'd save more money for a house if my rent wasn't so high but still going to need that down payment for a house.

[@danpan001]

I am in California there is little new construction here but the price is so high that I expect price drop like Florida and Texas.

[@fearlessdrop3021]

@@danpan001 they are building a lot of low income apartments where I am at crime is going up.

[@jaredjonesorlandoliving]

This is a fascinating comment.. That likely means your market is still being pumped up beyond what people there will be able to afford (just like FL and TX have been).

[@danpan001]

@@fearlessdrop3021 It is out of control where I live. Many homelessness

[@danpan001]

@@fearlessdrop3021 A major developer pulled out of California even we desperately need multifamily development. A one bedroom in my neighborhood is $2000

[@the1one132]

300k at 6.4% isnt that affordable like in 1998 when homes were 80k and 7% was the interest rate. The pay is up in some jobs but many others are very similar to back in 1998.

[@jameslee-dp6cb]

The housing crisis may seem bad, but consider this. We have an open border allowing millions to enter the nation. Who are they? No one knows. For all we know, they could be previously convicted released murderers for all we know. Would you want one in your neighborhood? Neither do sellers.

[@SoleCollector89]

Your mommy and daddy

[@quantarrow]

Fear and uncertainty create major wealth. It's those who take the risk and have strong gut to endure the bloody days. When i notice extreme dips i tend to actually move more money to Bitcoin

[@IshrakHossain-rt8is]

I feel sympathy for our country, low income people are now suffering to survive yet inflation and recession keep increasing daily, many families can't even enhance the good cost of living anymore. You've helped me a lot Sir Brian! Imagine I invested $50,000 and received $190,500 after 14 days

[@faysdt414]

Very possible! especially at this moment. Profits can be made in many different ways, but such intricate transactions should only be handled by seasoned market professionals.

[@whitefearlytales]

Some persons think inves'tin is all about buying stocks; I think going into the stock market without a good experience is a big risk, that's why I'm lucky to have seen someone like mr Brian C Nelson.

[@BigNate82]

Finding yourself a good broker is as same as finding a good wife, which you go less stress, you get just enough with so much little effort at things

[@ysareyes]

Brian demonstrates an excellent understanding of market trends, making well informed decisions that leads to consistent profit

[@onebridge7231]

Those desperate to get into a home at any price already bought. The rest of us either can’t afford them or are not interested in paying a million or $500k for a dump.

[@jaredjonesorlandoliving]

Very good summary.

[@michaelwoehl8822]

It's really bad in the Northeast, Florida? Florida is a nightmare. This boom and bust real estate market has a very different flavor than past years, especially in Florida. There must be a lot of very high paying jobs out there, first time buyers really do not have a chance.

[@michaelwoehl8822]

@@AkashicSeer Look DEI has nothing to do with a credit rating, savings and cash flow which are the cornerstones of buying a house, you either have enough or not, whether I am a republican, democrat or an independent in my political choices does not give me a chance to buy a house for 1 million dollars with a 40,000 dollar a year job. There are government loans out there but what political party you are in doesn't give you anything. Companies have taken political stands and have paid for it with lost business from both sides because Americans like in their jobs like to keep politics out. What is happening in Florida has nothing to do with one's political choices other than voting for people who did not have their best interests in mind when all this blank hit the fan there.

[@jaredjonesorlandoliving]

I'd say gulf side is softer than the NE.

[@michaelwoehl8822]

@@jaredjonesorlandoliving Would agree, lately the greed train in my city has expanded. My rent went up twice in a year. But Miami is also not looking good either, I call it the greed train.

[@estellayem]

Praying for it to go down . Salaries are not up , how do we afford this prices ? New homes are like legos or boxed caged yet in the half a million. We were planning of leaving florida because of these crazy cost of homes and insurance.

[@fredk9999]

Thank you to our host. Well reasoned with graphs and charts. Same situation down here in Beach Broward County

[@chris-co3ej]

If houses cost only $0 the taxes and insurance would still be about $1000 per month.

[@speteydog2260]

I live in a neighborhood where it boomed really fast and big homes were/are being built. 1 million to 7 million dollar homes. However, today 3 of those million dollar homes are now vacant. And one that they are building is stuck. It has not progressed much and its for sale. People are complaining so much about property taxes. Well I can tell you for sure if you buy a home at 1 million dollar price point you'll be paying 20,000$ in property taxes every year. Property taxes are always around 2% of the purchase price. I looked at a home about 3 miles away from where I am and the guy was selling it for 7 million dollars. If you buy that house, you'll be paying 140,000$ every single year in property taxes. Everybody used to know that . People are not educated anymore. Know what you are doing before you do it.

[@Truknup]

My place is over a million I don’t pay that for property tax ..Where do live ? Lolol

[@darrenoliverio7259]

You dont mention what state that you are in but the "property taxes are 2% of the value of your house is 100% WRONG! if you live in Florida, you are uneducated to the property tax calculation in Florida....period

[@a.s.r.3661]

Property taxes should be abolished in favor of sales taxes.

[@miriamseidel8463]

AirBnBs are in a slump for renters. I clean a quad (4 units), and nothing booked in Sep.

[@Games4Kidz7]

Well I try to use Air bed and breakfast 😂 a couple of month ago. I compared the charges with Marriott and guess what it was way more affordable to stay with Marriott.

[@jamesgullo8240]

@@Games4Kidz7 And they didnt ask you to clean and charge you $200 anyway.

[@Games4Kidz7]

@@jamesgullo8240 not only that, they treat me with respect, something almost non existent in the service industry now a days. The experience was in one word….pleasant. I will not be using AirB&B for a long time.

[@DKisOk]

I want to see my house go back to what I paid for it Brand New $127,500... Because I never plan to sell it and my property taxes have gone up because they have valued it at $411,000... Which is even higher than Zillow says it's worth AND the value is dropping daily!!! 😠

[@Jpepperguy]

I am in the buying market but why would I buy a house for 250,000 only to loose 100,000 in a few months when the market crashes!

[@MLagarde0425]

Don’t do it

[@stoneyswolf]

I bought my house 4 months ago for 335 and it's worth 460 now. I think you should change your plan.

[@Slapnfish]

I just left Florida for a 2 week vacation, never saw more for sale signs in my life.

[@alinamarrero8613]

America needs to concentrate on good leadership elected. We need to get the economy back on pace. We need to withdraw from these wars that we have no business being involved with. We need to get back to giving good education to our kids then housing can come back and do good. This is the truth!!!!

[@irishouston4103]

Facts

[@davidceron8660]

Thank you for your info. One more thing to think about. FHA has a moratorium on foreclosures because it wants to keep the house prices artificially high. We'll see what happens after the election and in 2025.

[@beckytourian]

All those homes in the 300-400K range were 175K to 250K in 2019. Entry level home buyers can't (probably shouldn't try to) afford, and people wanting to upgrade don't want to waste their money on paying top dollar for entry level homes.

[@DEG1985]

Very good information because it opens the eyes of both buyers and sellers. If I were a seller I would try to lower the price quite a bit and run somewhere else.

[@ZDriver1996]

I got caught in the last bubble. Won't happen again. Was able to turn those lemons to lemonade though. Positioning with cash to buy in 2025-2026. I hope home interest rates goes up to 8-9% which I believe is a healthy % to ensure financially smart/careful purchases. Plus it'll drive down those prices making cash buys more attractive. I believe the wealthy are preparing for this manufactured crash/downturn.

[@dejada]

Sale are down because the the insurance companies have all pulled out. You can’t get a loan if you can’t get insurance. If you do get insurance the cost is higher than all of the country. Florida has become unaffordable. Look at the condominium situation 🤯. I was looking forward to retiring to Florida. But it seems it would be a poor financial decision.

[@dlmcc0202]

taxes and insurance costs along with inflation and an unstable job market. as a person who’s been saving to purchase a home, i’m sitting on the sidelines and renting until things change. I don’t want to get political, but another 4 years of the same faces make me incredibly concerned about the future of this economy. I’m off the buyers market and I can afford it, it just isn’t the right time until prices come down more and things improve

[@JamesVarnas]

I LOVED 2008-2009-cape Coral was the rocket docket -great time to buy-and I hope it happens again-interest rates should never be under 6%-when it is prices get way over inflated-6% is in the middle of the road and will regulate home prices to where fair value is-Free money destroys real values- in the stock market and home market- just facts bring back 08-09 times and hopefully its far worse-the better the bargain

[@Automedon2]

Florida has a high death rate of the elderly. If there are no buyers for their homes......

[@Jpepperguy]

Housing is not worth the asking prices it’s insane to pay the price homes are listed for. 😂

[@larentaestamuyalta6132]

I have been in Orlando for 32 years, it is ridiculous and horrible to see the prices of houses as if this place were California, I have not seen a single improvement in this overpopulated city, I accept the Arena and the junction of elevated roads and highways on the I 4, nothing more, an abuse my wife and I lost our house in 2015 and now we are almost in our 60s. NO, we cannot buy a house because we cannot pay about 2000 a month, do not come to Orlando, this is a den of illegal immigrants arriving in masses.

[@markbrzezinski8889]

Look it's OK. The government will send checks out soon and interest rates will go to "bellow" zero and we will be paid to borrow money. I have already ordered that new jacked up truck with the custom wheels. Everything is fine. I dont have to be able to afford it.

[@Amy-mu5re]

Please don’t buy until owner houses prices go down. $100.00 down not $ 5000.00 owner went to high on their prices. That is crazy

[@sheroniflxoxo919]

It needs to GO DOWN at least 50%!!!!

[@jagodah1130]

The sellers still dream to take the over price payment

[@kirkjohnson6638]

House prices rose between 50% and 70% during the 2019 to 2022 time period and mortgage payments went up by 65% over that time as well for a combined housing cost increase of around 170%, so new home buyers are having to fork over about 2.7X as much money each month as people who bought identical houses at the start of 2020.

[@Jesus-x3d]

Buyers should stay on STRIKE!! Homes have tripled and they’ve gotten a 2% raise. Let the speculators eat their losses after exploiting the poor for years!

[@Jesus-x3d]

Definitely cheaper and SAFER to rent in this current environment. People don’t understand they need to factor in repairs and maintenance costs which can be very expensive. I would not be buying ANY real estate in this current market. Wait until the investment companies like Black Rock move on to other markets or even countries…..s@&t storm coming.

[@tommyg959]

Jared does those numbers also reflect new constructions?

[@jaredjonesorlandoliving]

No. This is resale data. New construction info is very hard to get in very detailed (by city by zip code) type presentation.. I wish I could tho.

[@mikeborrelli193]

Turn off the noise. What is the average monthly payment in Florida on a 400k home including property taxes and homeowners insurance. If its close to 5k that means you have to come up with 60k cash every year for the next 30 years. That means you have to take home $30hr after payroll taxes just to pay your rent to the bank and municipality. Utilities, Food, auto payments, car insurance, clothes, cell phone, ect on top of that 60k annual. These types of imbalances alway end in one way. Tears

[@miker8687]

Your numbers don’t make any sense. I literally closed on a 425k home in Florida 3 months ago, that I live in and only put 3.5% down. My payment is literally half what you are suggesting.

[@rickmontilla3490]

Jared knows his stuff

[@jaredjonesorlandoliving]

Thank you!

[@AdamJTannerPhotography]

Hey Jared- I’m a real estate photographer in South Florida, and I can confirm everything you are saying. This is not an exaggeration- at least 95% of the homes I am shooting are not selling. I’m seriously concerned for the wellbeing of my realtor customers. I have 14 photo shoots this week and I’m completely sure none of them will sell anytime soon.. and my photos are GREAT. The quality of my work just doesn’t make a difference in getting someone to buy a house anymore.

[@Houstonbeach]

If you price the house right it will sell.

[@adamhorn8414]

Stick a sly 20% off watermark on one of those pictures I bet it would sell

[@Bubba-wx7lp]

The smoke+ mirrors only works for so long, no matter what's in the mirror. The herd is starting to panic. The party is over...

[@valeriedahl]

In my area of FL near the Space Coast, there are plenty of homes in the $220-$270,00 and it seems that too many think they are going to stand tough and not drop their prices. Too many of the houses need major "upgrades" that a new buyer would have to do to even get insurance for the loan. Since there doesn't seem to be the panic buying as when houses are sold in a couple of days of listing, buyers can take their time, research the home and what cost would have to added for the upgrades/repairs. It's a herd of very similar black & white cows and the buyer is looking for the unicorn...... price it right and the seller will get lucky quickly.

[@JohnMiller-jl2pr]

what are the local and state governments going to do with decreases in real estate and the subsequent reduced tax revenue

[@spinecat]

the applied rate per thousand of accessed valuation will have to go up. There's only so many services that governments will be able to cut.

[@spinecat]

likely they are overspending, especially on cars and various toys.

[@a.s.r.3661]

People have no money to pay the ridiculously high property taxes EVERY SINGLE YEAR!!!

[@robertluntfloridarealestate]

Orlando needs to wake up. Parrish is where it’s at.

[@whoisjohngalt7655]

Boycott big investment company's stop renting for 6 months price will go down over 50%

[@littleredhen3354]

Boycott ALL corporations for 6 months and bankrupt the greedy MF's! If it isn't an absolute necessity don't buy it!

[@razial1000]

It's a lot simpler than that. If renters stayed renting apartments there would be disinterest for the investor to buy single family homes

[@brucethemoose3627]

I love your content. Very data driven. The only suggestion I have is that you enter the data you have into a spreadsheet and turn it into graphs. Show me don’t tell me.

[@cccc64]

Great video, Jared! I have a question and hope you might help. I'm currently in Tampa and searching for a three-bedroom house with a private pool in Orlando, Kissimmee, or Davenport. Do you think it's possible to find something around $2,300 in these areas, or is that unrealistic?

[@jaredjonesorlandoliving]

For rent? I would think it's possible.

[@danven1256]

Out here in California I just ran into my first unfinished spec. home up for sale, and foreclosures are on the rise. Some of us have been waiting patiently for opportunities and it may be coming.

[@browaruspierogus2182]

just do not buy - it will come down to ridiculously low price - people are broke to the core

[@spinecat]

likely they are overspending, especially on cars and various toys.

[@browaruspierogus2182]

@@spinecat explain how broke person can overspend?

[@MLagarde0425]

@@browaruspierogus2182Thank You. No one has money to pay for these ridiculous homes.

[@MLagarde0425]

@@spinecatWhat? You can only spend if you have money. People don’t have money.

[@tedstriker6743]

So happy I didn’t buy enjoying the returns of my cash! Poor homeowners

[@LordAdama-cr4bf]

And with the high stakes of these rich people that the housing market is aiming for also comes with these rich people expecting things to be perfect. Beware. If they are not perfect you will fail and lose everything you own from a lack of sales.

[@spinecat]

GOOD JOB. I don't recall watching any of your presentations that were devoid of overt political implications. The Florida real estate market is fascinating if nothing else. In terms of new builds, the developers likely bought up land at too high a price point so they are going to get banged a bit. The labor is what it is. I built down there for three years and the building trades get a medal AFAIC for working in those conditions day in and day out. And there's so much that goes into the cost of building materials, not least of which is the demand following massive weather related disruptions (read-hurricanes). Last thing I'll throw in here is that I bought my first house (up north) when I was 24 at an 8.5% interest rate and we were moving fast before they went to 9% (1977). My brother bought his first house at almost 14% (I want to say around 1981 for that one). So interest rates will do what they do and you just have to deal with it. That house I bought at 8.5% I sold to a young couple last year and I think their rate is near 7%. (They offered me at least 10% too much because of FOMO but that's another story.)

[@lynnhunter8067]

Thanks for your input.

[@jaredjonesorlandoliving]

You're welcome ✌️

[@Dave-zl2ky]

A Florida, Texas, Ca problem. No extra homes to sit unsold here at all.

[@Truknup]

Oceanfront in Florida where I live there is a shortage of properties … no for sell signs … They can’t make more ocean front … lol … Real estate agents are hungry for property to sell here ..

[@GenXBiker]

Jacksonville is somewhat the same. Lots of specials and subdivisions with 30 - 50 spec homes for sale.

[@dannyjohnson9628]

I didn't know this was in Orlando Florida channel but glad I found it. I'm right down the street in Ocala Florida and the overflow from Orlando has come into Ocala The roads here were not built for this many people. I have a house next to mine been on the market for a year. Since the guy did not put a new roof on it I think it's going to have to be a cash sale and nobody's bought it yet.

[@jaredjonesorlandoliving]

Hey Danny.. My other channel covers more info on the greater context of the entire state and there I sometimes hit Ocala and surrounding markets on data updates there as well.. I'd recommend you subscribe here if you haven't www.youtube.com/@jaredjonesontv

[@dannyjohnson9628]

@@jaredjonesorlandoliving okay thanks I will check it out most definitely. keep up the good work my friend.

[@coloredcoalition6877]

Coffee is horrible. Ginger Tea instead however love your show & advice.

[@MrHeavenlys]

What is your thoughts on the housing market in Orange County in CA. It seems like it's constantly going up and not down, I know out here we are a little different 😂 but please let me know I would love to purchase a home with my wife but for now, we decided to wait until prices can drop back to reality.

[@jaredjonesorlandoliving]

Hmm.. I may have to look into this one on my other channel. I don't watch Cali that close. I do see some parts of cali softening like we are though but that is just me skimming state level data.

[@lindaludwig9655]

I agree with you 100%

[@jaredjonesorlandoliving]

Thank you!

[@osvalditochirino3428]

How’s the Miami area ?

[@jaredjonesorlandoliving]

Check out my other channel. I try and cover Miami at least once a month www.youtube.com/@jaredjonesontv

[@adancer3592]

Florida so miss managed theres no security. Last places id invest in

[@jaredjonesorlandoliving]

Funny - our population exploded because everyone thinks your state is mismanaged. (Realizing I know not where you live but I know everyone is flooding here to get away from some situation they hated in X state).

[@deadlyraver4454]

Don't mind me. I'm just waiting for home prices to hit normal levels again. Until then I'm just saving up cash.

[@chickengod9184]

Normal is a 5% increase year over year. So whatever house you like today will be worth 30% more in 6 years. There will be a slight pull back but not very significant. It's like trying to time the stock market.

[@SkipinlLA]

you still gotta pay $4,000 a year in HO Insurance if you finance

[@johnnelson9742]

@@chickengod9184 its either peoples income will blow up to match housing cost or the housing prices corrects and come down. Which do you think will happen after layoffs and poor corporate profits?

[@chickengod9184]

@@johnnelson9742 inflated dollar with short-term cash buyers the next 24 months

[@deadlyraver4454]

@@johnnelson9742 pretty much this. I'm just waiting for it to fall into my range.

[@sendeth]

One thing to keep in mind when you say that people who only put 3% down have very little skin in the game, it's relatively small compared to what you might be able to do but to them, it was probably everything they had.

[@JacksDiving]

Hey Jared would you do an episode on the coastal counties above Tampa. I'm in citrus county and want to look into the crystal ball as much as I can. Nobody wants to catch the falling dagger

[@jaredjonesorlandoliving]

Thx for the request..I do more updates outside of Orlando here and often hit Tampa and surrounding there from time to time www.youtube.com/@jaredjonesontv

[@JohnnyTheMonkey]

I’m pretty sure buyers are just waiting until the rate cut next month. It’s a deflationary effect.

[@diesel104]

What Up Jared! Lets Go!

[@jaredjonesorlandoliving]

Yow! 🙌

[@reignrelic]

You made a really good point on short sales

[@alessiamogavero2278]

How do I find your counterpart (smart RE guy who makes sense when he speaks about the current market) in California?

[@jaredjonesorlandoliving]

Jason Walters does a pretty good job.. I am curious if you think he makes sense.. - www.youtube.com/@JasonWalter1/videos .. Lemme know what you think.

[@alessiamogavero2278]

@@jaredjonesorlandoliving, thank you for the suggestion. I checked him out, but he mostly speaks about the whole CA state. I just found Josh Meltzer, who speaks about micro-areas around San Diego, and that's more what I was looking for: www.youtube.com/@LiveCoastalSanDiego Thank you!

[@alessiamogavero2278]

@@jaredjonesorlandoliving , I found that Dave Meyers of Bigger Pockets is also really good.

[@ViceCoin]

No bailouts!

[@JohnnyBlaze6954]

Great! I’m flying out to Kissimmee/Orlando jan 15-22/2025 to look at houses.

[@Singuy888]

Its all due to the volatility of rates. People fomo when rates are raising, and are waiting when rates are falling.

[@loudorageorge238]

😂😂😂😂😂😂 why are they Holding on to all this inventory, sale them back to the people so they can live in the now. So much greed.

[@rvadventures]

It's good for investors. They're buying up everything in Florida as rentals.

[@vickysmith1935]

So true.

[@jaredjonesorlandoliving]

Thank you for your comment!

[@Jared_Albert]

Florida insurance is now more than my property tax on my old house in upstate ny. smh

[@tjguidry7753]

LOOK AT THIS

[@joserodriguez-kp5js]

prices are coming down, at least 20%

[@cocobeachvillage4310]

Biggest two issues: Economy is bad. Houses are way over priced now.

[@kayjay3898]

The giant elephant in the room! The insurance hikes that often quadrupled the rate & spiking the mortgage.Look on nextdoor, every few weeks somebody’s crying that their insurance got canceled or insurance skyrocketed. It is great that we have new laws in place, but it’s will take years to equalize, if it ever gets down to a reasonable level. We’re going to have a huge bubble burst because people won’t qualify. From what I hear from friends that live in Orlando, they’re not having much easier than people on the coast! God help you if you have any credit issues because they will really ream you!

[@andredaedone7732]

I sold near Orlando in 2021 and moved to South Carolina. More power to people if they want to spend a million for a 300k home. I do not think there is going to be a big crash, the market will dry up and people will just stay where they are unless they over spent. Personally, I don't really care because I got what I want .

[@clagueb3686]

Strategic defaults coming.

[@ophidiaparaclete]

They've been doing that for months

[@marty906]

Yea, soon people might be able to afford 1/4 million dollar trailers.

[@redirectyourself]

Duh bc prices went up so fast it's unsustainable in an area where the median income is less than $60K one has to look at incomes for an area bc some places can sustain price increase. Florida has the sad issue of California prices with Florida wages. These dumb sellers will lose bc they speculated and bought high. So now they need to keep the property for 10 yrs to recoup that lost equity. Real Estate was a long term investment until the past 20-25yrs.

[@ABCD-si7px]

This is the consequences of the parasites bleeding the host dry. Homebuilders screwed over buyers by offering substandard construction for outrageous prices. Realtor screwed over the buyers and sellers by lying to them about whether or not they had to pay the buyers fee and steering. Now everyone who has screwed over buyers and sellers is completely shocked and amazed that people don’t want to buy or sell. Buckle on your chinstrap. I don’t plan to sell my property that I’m holding, and I certainly plan to buy privately from here on in. And I’m not the only one by a long shot. And this isn’t even talking about all the financial nonsense that people were playing with other people’s lives with in this industry. Here’s a solution. How about you actually offer goods and services with honor instead of being shocked and amazed that when you screw people over, they don’t like it.

[@Jesus-x3d]

Definitely cheaper and SAFER to rent in this current environment. People don’t understand they need to factor in repairs and maintenance costs which can be very expensive. I would not be buying ANY real estate in this current market. Wait until the investment companies like Black Rock move on to other markets or even countries…..sh@t storm coming.

[@FSX239]

Buyers are waiting for predovid prices to return.

[@Jguthro]

Are you just saying because it happened in 2015 it will happen again?

[@devoliajones2978]

No money, No jobs,No equity = No 🏡🤔😎

[@redirectyourself]

Do real estate professionals actually look at a median price of homes over $400k believe that the average family or couple can afford that price? How can professionals be so daft 🤦🏻‍♀️