Florida condo drops price nearly 50% as housing market struggles
Florida condo drops price nearly 50% as housing market struggles
4 months ago
MSNSuzanne Blake
The Condo Market Hasn’t Been This Bad in Over a Decade
The Condo Market Hasn’t Been This Bad in Over a Decade
4 months ago
wsj.com
The Wall Street Journal says this is the worst condo market since 2012, the tail end of the last housing crash. That’s a big deal. For the first time in 13 years, U.S. condo prices are now down year over year. The hardest-hit markets are all in Florida. Across metros like Tampa, Orlando, and Miami, condo values are down 10% to 20%. On the ground, losses are even worse. In St. Petersburg, Florida, one condo fell from $542,000 to $299,000. That’s a 45% price cut. The unit is now in a short sale, l
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The Wall Street Journal says this is the worst condo market since 201…
5.2K views4 months ago
FacebookReventure App Data
No state is seeing condo prices drop like Florida — and here’s why. Florida is ground zero for the U.S. condo market downturn and it’s not even close. Every pressure point that pushes condo values down is hitting Florida all at once: Insurance premiums doubling and tripling HOA budgets blowing up Out-of-state buyer demand drying up Overbuilt coastal markets now oversupplied Put that together, and Florida is taking the biggest condo hit in the country. The downturn is now so severe that many owne
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No state is seeing condo prices drop like Florida — and here’s wh…
159K views5 months ago
FacebookReventure App Data
Why Florida condo owners are scrambling to sell — and why it’s overwhelming the market
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Why Florida condo owners are scrambling to sell — and why it’s …
Apr 22, 2025
nypost.com
Florida’s tale of two real estate markets is experiencing a rebalancing, housing experts explain
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Florida’s tale of two real estate markets is experiencing a rebalan…
8 months ago
Fox BusinessKristen Altus
Condo owners are now selling at massive discounts. We’re seeing condos priced as low as $60,000, down 20% to 30% from just a few years ago. The U.S. is in the middle of a condo downturn. The Wall Street Journal recently called this the worst condo market since 2012. Inventory is surging, buyer demand is falling, HOA fees are exploding. So when does it actually make sense to buy? Take this condo here in Memphis. At $60,000, it rents for about $1,075 per month. After expenses, the cap rate exceeds
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Condo owners are now selling at massive discounts. We’re seeing …
11.6K views4 months ago
FacebookReventure App Data
The Worst Housing Market in America Is Now Florida’s Cape Coral
11 months ago
wsj.com
Experts warn Florida’s condo market could teeter on collapse a…
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nypost.com
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