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Reply to "Florida Real Estate is off the hook"
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[quote=Anonymous]I stay with my sister for almost 2 weeks at a time yearly in Lithia florida. Nice suburban family oriented town. They used to live in an atoll wood, Tampa. Late 2021, houses in their neighborhood sold in days. Early 2022, houses for sale sat for 4-8 weeks. Just last month, I noticed that houses on the market sat for 4-6 months and is still on the market. There’s a price correction going on and I forgot to mention that home insurance prices there are through the roof including property taxes. Those are simply not sustainable. Florida real estate is usually 6 mos lagging in market correction. It’s already happening in California which has the Silicon Valley. Florida is in for a big dip. Northern transplants have not yet felt the effects. But it’s coming. [/quote]
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