Florida HPOTers, whats going on with the housing market?
- Thread starter THE_DEVIL
- Start date
Remote work ending? People who moved during COVID realized the grass isn’t always greener?
I live in Florida.
Housing is cyclical..From about 2019 through mid 2024, you couldn't find a house to buy down here (Orlando area), rents were hard to come by. Naturally, prices went higher and higher. Since then building has been insane. Just around my neighborhood we must have had 5 or 6 major apartment complexes built, and quite a few more large housing areas go up. Now, not surprisingly, the opposite effect from before has happened. Housing prices are declining and there are "Vacancy" signs at apartment complexes.
In my area, original home prices were in the $250-300,000 range at the start...at the end of the building, same houses, were going for $550-600000. So now after 5-6 years as resales happen, those that got in early can sell for $450000 and make a decent return....those that got in at the end would take a bath if they resold now.
We sold my mom's house in the Gainesville area at the beginning of the year. She got more than I thought she would.
We're possibly putting my mother in law's house in lakeland on the market in the next year. Not looking good.
We're possibly putting my mother in law's house in lakeland on the market in the next year. Not looking good.