South Florida sees jump in unsold homes even before Hurricane Milton and Helene
1:32
South Florida sees jump in unsold homes even before Hurricane Milton and Helene
Oct 16, 2024
CNBCRobert Frank
Home prices in Florida are collapsing. Some homes have dropped $40,000 to $60,000 in value. One owner bought for $317,000, now they’re selling for $265,000 — a $52,000 loss. Builders are leading the price cuts. They’re now selling new homes for $250,000, $70,000 cheaper than two years ago. Many buyers from 2022–2023 are deep in the red. Some are defaulting on their mortgages. In Parrish, Florida, inventory is at a 10-year high and still rising. Builders keep adding homes, even as prices fall — j
0:55
Home prices in Florida are collapsing. Some homes have dropped $40,000 to $60,000 in value. One owner bought for $317,000, now they’re selling for $265,000 — a $52,000 loss. Builders are leading the price cuts. They’re now selling new homes for $250,000, $70,000 cheaper than two years ago. Many buyers from 2022–2023 are deep in the red. Some are defaulting on their mortgages. In Parrish, Florida, inventory is at a 10-year high and still rising. Builders keep adding homes, even as prices fall — j
235.2K views10 months ago
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Before & After: 9 Mobile Home Remodels You Have to See to Believe - The MHVillager™
Before & After: 9 Mobile Home Remodels You Have to See to Believe - The MHVillager™
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Manufactured home owners get more rights under new Florida law
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Manufactured home owners get more rights under new Florida law
Jun 7, 2024
wcjb.com
What if you lost $60,000 on your home purchase? In Florida, that’s now a common reality. One example: a buyer paid $328,000 for a new build in 2023. Today, it’s listed for $269,000 — a $60,000 loss in just two years. And cases like this are appearing across the state. Florida home values are down 5.4% over the last year, the sharpest drop since 2011 during the last housing crash. The cause is simple. Florida has more than 160,000 homes on the market, the highest level in a decade. At the same ti
1:07
What if you lost $60,000 on your home purchase? In Florida, that’s now a common reality. One example: a buyer paid $328,000 for a new build in 2023. Today, it’s listed for $269,000 — a $60,000 loss in just two years. And cases like this are appearing across the state. Florida home values are down 5.4% over the last year, the sharpest drop since 2011 during the last housing crash. The cause is simple. Florida has more than 160,000 homes on the market, the highest level in a decade. At the same ti
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