Listings in Florida are going through the roof and its about to get worse. As home sellers hold out hope for a seasonal deluge of all cash buyers willing to overpay for their 50 year old homes, reality may be setting in that the snowbirds (seasonal residents) are not here to buy this year, but in fact to sell.
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Carrying costs have become insurmountable for many seasonal residents with the added home insurance and tax burdens. Following the lead of local landlords. some are deciding it's time to exit with a ton of equity while the going is still good.
Meanwhile Real Estate Agents once again make the conversation about themselves while finally starting to acknowledge the affordability crisis.
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By: Ben Grieco Title: Florida Homeowners RUNNING for the EXITS Sourced From: www.youtube.com/watch?v=No64G2LF3v8
