Florida House Prices Fall as Homeowners Desperately Try to Sell

The number of 'motivated sellers' in Florida has grown in the past two weeks, as more homeowners are trying to offload their properties quickly amidst a worsening of the state's insurance crisis.As of Wednesday morning, 204,833 properties, including single-family and multi-family homes, apartments, condos, townhomes, and lots, were listed for sale on Zillow.

Matthew Walsh, Moody's Analytics housing economist, previously told Newsweek that Texas and Florida are the two states that, in absolute terms, started construction on the most units in 2023. In per capita terms, he said, Idaho, North Carolina and Florida led the U.S. in new home construction over last year.According to data shared on ResiClub, Florida's active home-for-sale inventory increased by 45.8 percent year-over-year in February, while Texas's increased by 22.8 percent.

Property Property Latest News, Property Property Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Northeast Florida homes become less affordable as prices, sales increase in February: reportHome prices shot up in February and sales increased which made the possibility of buying a home even less affordable in Northeast Florida, according to a report released Monday by the Northeast Florida Association Realtors (NEFAR).
Source: wjxt4 - 🏆 246. / 63 Read more »