Reply to Is there going to be panic selling?

Forum Index » Real Estate

Reply to "Is there going to be panic selling?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I have been looking on line and Rehoboth is getting a lot of new listings piling up.

I guess with RTO, high mortgage rates on second homes, possible Govt lay-offs the beach house or condo is first to go.

For fun I looked at Slaughter Beach, Ocean City and Fenwick Island too and a lot of homes for sale purchased in that Spring 2020 to Spring 2023 era of 100 percent WFH era and when rates lower.

Of course all listed 100k to 300K higher than just 2-4 years ago.

We shall see. I think that market will crack before DMV.

[/quote]

Anecdotally, you see that all over the place.

If you look at the top markets with huge increases in inventory and price declines, most are in Florida and it's tons of listings from people that purchased in 2020/2021.[/quote]

The sell off of real estate in Florida is completely different than other parts of the country. People are selling because of climate change and having to recover from major flood damage three times in five years.[/quote]

Completely agree with this assessment. FL’s market may also be resetting after inflating during the pandemic. People may be feeling the impacts of higher insurance prices and want to lock in gains before the market drops more if they want to move post pandemic. And this is in addition to storms and other impacts from climate change.[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics