Florida real estate struggles as ‘motivated’ sellers flood market
Publishing timestamp: 2024-05-01 21:08:48
Summary
Number of homes for sale in Florida has surged as homebuilders accommodate newcomers, leading to a rise in inventory and stagnating price growth. Redfin's chief economist believes this correction is overdue, with median time on market increasing. Additionally, HOA fees, insurance costs, and property taxes are rising, leading to more new listings with the keyword "motivated" on Zillow. Apple reports earnings soon, and there are suggestions for investing $1 million and in a bitcoin miner/Nvidia AI cloud partner's stock.
Sentiment: NEUTRAL
Keywords: brian sullivan, redfin corp, zillow group inc, business news,
Source: https://www.cnbc.com/2024/05/01/florida-real-estate-struggles-as-motivated-sellers-flood-market.html