Report finds Tampa housing market one of the fastest cooling in the nation

Рет қаралды 14,990

Ай бұрын

After years of a scorching hot housing market, a new report labels the Tampa region as one of the fastest-cooling housing markets in the country. The report from Redfin measured year-over-year changes from April 2023 to April 2024. Redfin looked at changes in home prices, price drops, inventory, and the share of homes that sell within two weeks. North Port came in first place, followed by Tampa and Cape Coral. In fact, six Florida cities rounded up the top 10. Lakeland listed at number 9. The report cited an increase in natural disasters, a surge of new construction, high insurance costs, and rising home prices as the reasons markets on the West Coast of Florida are rapidly cooling.

Пікірлер: 40

@paulstrzykalski2596 Ай бұрын

Prices need to drop in FL.

@bubblelady8528 Ай бұрын

Cool down some more and stay ice cold, permafrost, liquid nitrogen. We need it

@TheRokaphella Ай бұрын

Right. There is a difference between a cool down and frozen market.😅

@kyiiwade9997 Ай бұрын

The HOA Fees are astronomical for some properties

@101theobserver Ай бұрын

It’s too hot and humid here to live .. also old ppl

@subicstationditosailor4053 Ай бұрын

Did a flipper get caught?

@katiedarcy1265 Ай бұрын

Notice how on the map the “old” markets everyone wanted out of are the new hot markets in red? I guess everyone who moved away from California or New York now want to go back, lol.

@eprofessio Ай бұрын

Excellent news. I bought my house at the middle of the market with 2.9%. 3 acres five bedroom, 20x40 garage with apartment for $480,000. My neighbors bought last year at a million dollars and 7% they also opened a commercial dog kennel with no approvals. We are so blessed.

@shanekibradley9591 Ай бұрын

Speaking of pay we can’t even rent here a lot of these companies and brokers/ real estate companies are merciless they are asking for 3-4x rent we barely get paid to get by. I see houses on the market 3/2 and the audacity of wanting $3-4k a month can someone tell me where the money is hiding for ppl to do this then I’ll see the same size 3/2 for $2500-$2700 in the same neighborhood look another block over you see a 4-5br for $2500 I’m like wtf is going on makes no sense

@salamander5318 Ай бұрын

All the best high paying jobs are in L.A., New York, Seattle, San Francisco, San Jose, Boston, etc. Why would anyone want to live some Trailer Park State like Florida or Texas where they pay 3rd world wages.

@jason8ification Ай бұрын

This is true. There is an absolute mismatch of wages and housing cost.

@looneyyang1326 Ай бұрын

I work in Tampa making $108,000 yearly. It's doable.

@brolim. Ай бұрын

New york? L.A? 🤣 you are hilarious

@jongonegone1262 Ай бұрын

FROZEN IN TIME, by october, the reset will show prices from the 1980's get your hat and gloves ready.

@coolin__ Ай бұрын

Am i supposed to feel bad for this guy?

@3000impact Ай бұрын

Not at all 😂

@betweenblackandwhite3003 Ай бұрын

All this info is from Zillow for the house number and pics I matched over there (the video is disingenuous in not mentioning this crucial background): The house featured in this video was originally built in 2004. So it's a twenty year old house which was last sold for 162K in 2014, but now they are putting it up for sale for 430K (after the discount). Let's discount it for 30K more for the repairs being done. So currently up for 400K if we take that out. So 150% increase in price over a decade, for a house that was built two decades ago. The killer is a HOA of 375 per month. Unrealistic pricing for really old homes with rising insurance, HoA, and general cost of living in Tampa area. No wonder these houses are staying on the market for longer.

@utubes720 Ай бұрын

What are you people saying “not true” going on about? This is not new info. If you track the data, Florida has been trending down dramatically for a while now. Although Tampa being top in the country doesn’t smell right, so I’ll need to check that statement.

@jjman533 Ай бұрын

People are realizing home insurance rates sky rocketing, rising HOA fees and HOA high assessment fees, and the constant hurricane disaster risks.

@timh3700 Ай бұрын

When a house that sits 8 ft from the next house costs half a million dollars, you know you've been had.

@vicp99 Күн бұрын

lol I have friends in that community! Luckily they bought in the two’s! There are greedy people in MY now neighborhood, whining that the townhouses they bought in the two’s are no longer going for mid Four’s. Missed it! Can still make a huge profit tho. So gross.

@jamesgullo8240 18 күн бұрын

I bet this guy wasn't whining when his home went up in value 180K in 3 years. What goes up comes down.

@Stoptechaccord Ай бұрын

50k cash right now for this

@intelligenceisrarethesedays Ай бұрын

People are not going to continue to pay the crazy greedy prices. Most of the dummies have bought whats going to be bought at those prices. How dumb is it to buy a home for half a mil that in reality is a 3 bedroom ranch style home thats 40 years old

@jason8ification Ай бұрын

I don't feel bad for him.

@bespoke4187 Ай бұрын

High interest rates, insurance prices. The prices have to come down. I'm currently looking to move from CA to FL and our debt to income doesn't look well to traditional lenders for purchasing our new primary home because we expense a lot on our rental properties (investments) on taxes. I'm not selling properties to purchase new ones. I'm looking for owners willing to do seller finance or subto deals outside the traditional process. So that means working with a title company and transaction coordinator to help square away the details of the contract. I will pay a seller high price as long as the seller gives me flexibility to negotiate terms for payment. Not something a traditional lender is willing to do so it's hard to get approval for these high prices. Think outside the box sellers. Agents just want their commission and this sort of creative financing opportunity hurts their bottomline.

@timallison8560 Ай бұрын

not even close to true.

@codmobilevets7208 Ай бұрын

😂😂😂yeah right

@jpsmith9452 Ай бұрын

The worm is turning.

@Seriesfinalex Ай бұрын

HOW lol??

@Far7rom Ай бұрын

Methany spinosa lmao

@itbeginx Ай бұрын

False report! Tampa real estate remains scorching, if not the hottest in the U.S. The purported 10-30% market drop is skewed by earlier inflated prices. For instance, a house priced at $200k in 2020 is now $400k in 2024, yet it was initially listed at an inflated $600k towards the end of 2023. So, the 30% dip isn't real; it's just the price correction they initially sought.

@phillipsandcastle8387 Ай бұрын

The jobs don't pay well compared to similar sizes cities tho. Also who the hell wants to live in a swamp for 500k?

@Far7rom Ай бұрын

Its dropping like a Rock is many areas...condos are already crashing.. it's only the beginning...