Realtors are trying to convince us to buy now before “prices go up even higher” but the reality we all see is that houses are sitting on the market longer and longer and sellers are having to decrease the prices multiple times before selling.

@user-xj3ck5oy2x

4 ай бұрын

Truth! 8 months of inventory in Charlotte county/north port

Thx for honest advice

@katrinreal

5 ай бұрын

Thank you for watching.

Bradenton has a neighborhood of townhouses that originally listed for 350k one sold for 309 a week ago. They are offering 4.99% buy down. Paid closing and 10k in flex cash! DR Horton new construction. Would it be fair to say that prices are crashing in this neighborhood? If you add up all the incentives and price cuts? Closer to 260k when the first few sold for 350k 6 months to a year ago?

@Far7rom

4 ай бұрын

What's the address? I'm looking for something like this in Bradenton area

HI Katrin Thank you for these videos. I love your channel and the channel @Connect2Florida. I feel like your channel and hers are the only HONEST ones out there! I hope the market gets better soon. Id love to hear what part of Sarasota you think is best to buy in for under 500K. 😀

@katrinreal

5 ай бұрын

Thanks for watching Sherri. There are a few good places where you can still buy under $500K depending on what you are looking for specifically. Reach out anytime to speak through it.

Great video (as all videos done by Katrin). Personally I am not looking to time the market and get the house as cheap as possible. All I want is a perfect forever house. Finding an agent that will listen and actually find what I want (as opposed to trying to just make a sale) is what I need. For sure will be reaching out to Katrin soon (just need to figure out the timeline for the move).

@katrinreal

2 ай бұрын

Thank you for your very nice comment. Timing the market is difficult and that does not seem to be your goal. I would love to help you find your forever home. Take care.

You're right, there's lots of clickbait KZreadrs out there. Hadn't seen the revenue. With prices continuing to increase and still about 2/3 of buyers requiring mortgages which are now twice as costly as a year or 2 ago, it seems its only a matter of time before the market shifts. Then we have what i expect to be a huge foreclosure crisis in the condo market due to the SB you mentioned. Lots of those folks will lose their homes

Thx for your videos. Been passively watching the 55+ condo market in Bradenton/Sarasota and it definitely seems like prices are falling. Talking about places like Glen Oaks Gardens and Ironwood. Not sure if current retirees on fixed income are getting priced out due to HOA increases or if it is something else, but certainly seems to me that prices are dropping for that segment.

@sarasotamermaid

5 ай бұрын

Hang in there, it’s going to get better!!

@katrinreal

5 ай бұрын

It is likely the condo prices are going down some.

Real estate agents- the markets not crashing Me- 🤔Do you have a vested interest in keeping this profitable panic to buy going.

@katrinreal

5 ай бұрын

It's not crashing...it could, but it hasn't since the pandemic...actually since the early part of 2012. Those that have waited on the sidelines have paid dearly for it. Could the market crash, sure, and it will at one point. The question is when.

Has the PRICE gone up for Assisted living in Fla?

Inventory is skyrocketing……

@katrinreal

5 ай бұрын

Yes but still below 2019...

@jeremybaldwin2840

5 ай бұрын

@@katrinreal depends on where in Florida. Many areas are at 7 year highs now.

@katrinreal

5 ай бұрын

correct...local data needs to be tapped into. Florida as a whole is below 2019. Regionally, some places will be up, some down...@@jeremybaldwin2840

@sarasotamermaid

5 ай бұрын

@@katrinrealinventory is going up, prices are coming down…and this is going to continue.

@katrinreal

5 ай бұрын

Maybe yes, maybe no. Most credible economists (those that actually work in the field) are not predicting a major price correction in FL due to the supply shortage.@@sarasotamermaid

This is a pretty good well reasoned analysis. But there is a potential problem with peoples income simply not keeping up including some previously pretty solid( income and pension wise) retirees.

It is not as simple as crash or not. Replacement value is a good measure in a decent neighborhood. Inflation limits how much a resale market house can go down. But certain sectors may have a serious adjustment.

Thanks for the video! What are your thoughts regarding a large corporation developing over 130 homes to be all rental properties near Amelia Island? Would this hurt home values???

@katrinreal

5 ай бұрын

Paula, for someone that lives in Sarasota, that is a tough question for me to answer. I thin kyour best bet is to tap into a local realtor and gauge their feedback.

Katrin, I always appreciate your thoughtful analysis of the Florida housing market. Is there a way that I can find housing statistics, like price per square foot, for 2019? Or is that type of data only available to real estate agents?

@katrinreal

5 ай бұрын

Hi Cindy, thank you! You may be able to get data from realtor.com or zillow.com. The dashboard I used for the video (Sunstats) is only for realtors.

Always appreciate your videos, which aren't these silly screaming ones that insult the viewer's intelligence. You treat your viewers like intelligent adults. Kudos.

@katrinreal

5 ай бұрын

Thank you so much for your comment.

Excellent, reasonable presentation. Those doomsayers are not doing anyone favors, having them hesitate on the sidelines.

I totally agree. Thank you for not sensationalizing like other KZreadrs do. 🤗

@katrinreal

5 ай бұрын

I appreciate your feedback ;)

hello lady, question I have 100k saved up for a house downpayment do you think is better just wait and see or do something now?

@katrinreal

5 ай бұрын

The answer is within you ;)

@HsanchezFLUS

5 ай бұрын

​@@katrinreali honestly have no clue on what to do. thks anyway

@katrinreal

5 ай бұрын

@isanchezflus Study the data and go with what makes the most sense for your situation.

She has been denying the signs of a substantial real estate market correction that is absolutely coming to most if not all the FL. Markets. Look at what’s happening in North Port right now. Price appreciations of over 120% since just 2019 is not normal. They were able to get away with it b/c of Covid, but that’s over. High mortgage rates, increasing insurance rates, increased tax rates due to appreciation are going to severely cut down your home buyer pools.

@user-xj3ck5oy2x

4 ай бұрын

Yup, 8 months of inventory and houses are sitting! North port/port Charlotte!

Beautiful AND smart. I like it here. 😍

I live in a condo here in St. Petersburg. It is only 2 stories high but it is over 40 years old. Its also a couple miles from the bay. Will the sb 4d bill force my condo association to have inspections and not allow us to defer maintenance?

@katrinreal

5 ай бұрын

The bill covers condos that are 3 stories or higher, not 2 stories.

@edwardsmith3576

5 ай бұрын

@@katrinreal Thank you for your video. It really helps not to know the sky is not falling which I was really thinking from watching all these crisis videos. Are you 100% positive about the bill not affecting condos over 30 years old. I thought I read somewhere that even condos below 3 stories would have to abide by these rules if it's over 30 years old and within a few miles of the water?

@katrinreal

5 ай бұрын

@@edwardsmith3576 There are many helpful resources online. Here is one with more specifics: www.paveselaw.com/florida-condo-co-op-safety-bill-passed-in-a-special-session-of-the-legislature/

@edwardsmith3576

5 ай бұрын

@@katrinreal Thank you!!

Supply and demand doesnt matter if the prices are too high.. of course there is demand.. but there isn't as much demand at these prices... Prices absolutely will come down. Just a matter of when.

@katrinreal

4 ай бұрын

Thanks for commenting.

@Far7rom

3 ай бұрын

😂

Price is continuing to rise b/c of increasing inflation and diminishing value of the dollar. I am building an ICF home in the Panhandle b/c I got tired of the rising insurance on my water front. Insurance on my current home went from 10K to 20K per year. This ICF home will only cost 3K per year. Further the cost of building the ICF home went from 300/sqft to 350/sqft. Prices are not coming down at all.

@Michael-qy1jz

5 ай бұрын

We haven't even started this severe recession coming yet. They printed well over 5 trillion directly into the economy in 2020/21. The Euro futures have been inverted since Dec 2021 and treasuries since 2022, and a few .ore months will make the longest treasury yeild inversion in history. Lol. When they uninvert and they start lowering rates> this is when the Begining starts and this fraud economy stops. We should be about 6 to 8 month from the start. The full impact of all the rate hikes only begin to start this next quarter as Dr Lacy Hunt states. The pressures are building in the system immensely.

I see what you mean about the prices rising every year during spring in florida. Unfortunately the chart you used ends in january.. have the prices risen in February and march 2024, as they have in the fast few years? Is that chart something the public has access to?

@katrinreal

4 ай бұрын

No you won't have access to it as it is for just realtors. Prices are up YOY for SFH. You can run your own searches here: www.floridarealtors.org/tools-research/reports/florida-market-reports

@Far7rom

3 ай бұрын

Looks like things are changing. 😀

I asked an honest question. In your professional opinion would you say prices are crashing in Bradenton. The townhome community I spoke about in my last comment

@katrinreal

5 ай бұрын

I can’t say as I don’t have the data for this community.

@Michael-qy1jz

5 ай бұрын

The over building is incredible and we will see prices dive here 30 to 50% this next 2 years or so as this recession begins. They have and are building off a cliff!, especially rentals/multifamily. We have a severe recession getting ready to start factually!

Certain sectors ie condos places with high maintenance insurance and property tax now. Florida is only relatively cheap tax wise. But even a retired baby boomer with decent retirement income may be in trouble in Florida after several years of these increases, plus they are getting old!

If I was a Florida real estate agent...now I would be marketing to older cash buyers in cold weather markets...that nows the time to enjoy the warm weather and rest of your life...to buy a single family home...in good conscious if I was a realtor I could not try to get people to buy 3 story or higher condos...it's like having potential buyers playing russian roulette with their finances with the unknown ahead...I guess we'll see what's the next twist and turn of the Florida real estate market?😮🤔🙏🙏

Another insightful segment,from a multi faceted, intelligent woman 😊

@katrinreal

5 ай бұрын

Thank you John 🙏🏽. Hope you are having a fantastic weekend in beautiful Srq.

4:26 you gonna admit you were wrong? Or nah.. 🤣

@katrinreal

3 ай бұрын

Not sure what you are referring to? Florida prices over all are still up. Inventory is up too. But below 2019 still. I know you want the prices to crash, but we are not there. www.floridarealtors.org/news-media/video-library/learning/inventory-median-prices-inch-upward

@Far7rom

3 ай бұрын

@@katrinreal I guess that's a no. Bless!

You point out inventory has not reached 2019 levels because were in season and inventory won't continue to pile up. You point back to 17 18 and 19 and mentioned prices going up. In 2017 we looked at 30+ homes and bought one in LWR for under 300k move in ready with a 3.75% interest rate. I understand you are trying to combat some of the crash bros and respect what you are trying to do. This area saw way too much appreciation and doesn't have the wages to support it. We are dependent on migration and it's with these prices many of those people are priced out. This area is already starting to correct. The builders are hiding the discounts in buy downs and upgrades. I would bet they are selling a large portion of the housing in this area so that 405k number is not true. The chart you used to show increases leaving out massive declines from the previous 4 years. 08 to 12.

@katrinreal

5 ай бұрын

I didn’t 2008 - 2012 because the data in the Sunstats portal does not go back that far. ;)

@user-xj3ck5oy2x

4 ай бұрын

Charlotte county and north port have 8 months of inventory!

@katrinreal

4 ай бұрын

@@user-xj3ck5oy2x Yup but many places in FL as a whole have below 6 months of inventory. As I always say, look at the data macro and then micro (local). Macro prices are up. Sarasota prices are up also for Feb 2024 vs STLY. Each region will fair a bit differently.

@soquick69

4 ай бұрын

@@katrinreal Is that existing home prices or does it include new? The reason I ask is because new homes are now a significant portion of sales and they are including aggressive concessions that don't show up in the price.

@katrinreal

4 ай бұрын

@@soquick69 existing only…new construction is a bit trickier…builders may increase the base price but offer incentives to make it more appealing…some are more heavily discounting but others are playing a marketing game

Inventory is going way up and most places have a more than 6 month supply.

@katrinreal

5 ай бұрын

Most have more than 6 months of inventory? Not the official data I am tapping into. What data resource are you looking at? Link here please. Florida as a whole is not at 6 months yet. Cape Coral and some other places may be.

The problem with realtors, though with good intentions, is that they’re mostly looking retrospectively and does not have the economic experience to provide a true analysis and prediction. We know there’s no crash now but buyers have a fear of one 1-3 yrs from now. Another point is to separate existing and new construction. Complete different markets in Fl.

They are building off a cliff in Florida. Sarasota/Manatee county is building off a cliff. Lol. They have built 3 times more than going into 2008. 2025/26 will be epic as things implode. No one in this area learned anything from the 07/08. We javent seen anything yet. We were going into a severe recession from 2018/19 and in the cover pf 2020s debacle, they printed 5 trillion plus into the econony directly temporarily holding up pensions/401ks/portfolios/asset and creating monsterous bubbles all over, specially sarasota/manatee county. Now the payment is coming do for this mess they created and its going to be a big one!! I was born and raised here and have had rentals for decades. This debacle will be worse than last time because its encompasses the whole economy.

You are doing the same as those people you criticize. putting crash in your video title.Click bait.

@katrinreal

5 ай бұрын

I gave an update to the real estate crash narrative in that there has been no crash. I don't believe it was click bait.

When the cost of a mortgage is 50% or more of the average monthly income we’re in trouble lol not to mention the home insurance crisis that we face here in Florida which is an absolute atrocious situation right now. This isn’t a sustainable situation. Remember that 2008 didn’t happen overnight, in fact the lowest prices didn’t come around until 2012. Prices will come down. I’d bet my life on it.

@katrinreal

5 ай бұрын

Eventually prices will come down before they go back up again. The question is, what will happen to prices before they come down drastically.

@sarasotamermaid

5 ай бұрын

@@katrinrealI’m seeing so many houses drop the price! Also seeing closing credits being offered which isn’t something I’ve seen in a few years now!

@HsanchezFLUS

5 ай бұрын

​@@katrinrealwell here in Plant_City, FL more and more houses are coming out for sale and almost every month or so sellers have to cut prices because there is a lack of buyers, those houses sit there for too Long, you can see drops in prices between 20k to 60 k

The haters are gonna hate,me too,lol😂

Mam this market is not sustainable when people realize they are buying swampland for $1 million bucks they will learn

@katrinreal

5 ай бұрын

Most people know what they are buying I would hope.

@ReVelopers

5 ай бұрын

@@katrinreal as a guy who has done over 500 transactions and dealt with hundreds of people in foreclosure I can assure you most people don’t know what they are buying have no idea of the true cost and make emotional decision’s they back up with logic

There’s always one tiny detail being left out. The median household income in Florida is 67000. A simple mortgage calculator will tell you most can barely afford a 260k house at these rates. I just feel bad for the people who are listening to realtors telling them now is a great time to buy. It’s also a shame if you didn’t and don’t sell your home to have to be subject to higher taxes and fees based on a market that everyone can see is unrealistic. There is plenty of inventory but the government is keeping it off of the market with all of these forbearance programs. People have been living for free for long enough.

@katrinreal

5 ай бұрын

The data is what it is. The market eventually will crash before it goes back up again like it has for over 100 years. The question is, what will happen to prices before there is a major correction? I am not telling anyone to buy now, only if it makes sense for your financial situation.

Now do Cape Coral and punta gorda and say this with a straight face.

@katrinreal

5 ай бұрын

I mentioned that Cape Coral and other areas are seeing declines. Not all regions in Florida will be up. Not all will be down.

@ianclifford7580

5 ай бұрын

I’m a larger real estate investor. The data isn’t showing how big the price reductions really are.

@CaptainCaveman1170

5 ай бұрын

SW Florida has already started crashing, as has any part of Texas not called Dallas and a lot of the suburbs around Phoenix as well. Interest rates takes a while to do what they are supposed to do, but they are having the intended effect.

@CaptainCaveman1170

5 ай бұрын

​@@ianclifford7580Yes, the data being presented is so off that it's ridiculous. I go on Redfin and Zillow and they will say certain places are down 1% or 2% when I KNOW homes are selling for way less than that, ESPECIALLY as compared to their 2022 peaks.

@katrinreal

5 ай бұрын

Would you have the data you are looking at? Please link here.@@ianclifford7580

👍👍👍

I’m sorry this video is highly upsetting your spitting nonsense I was there actively looking and you have a major change in the market it’s not the same and I see sellers visibly angry cause they are not getting the crazy offers like before

@katrinreal

5 ай бұрын

Of course the market is changing…2021 and 2022 was not sustainable. There are other channels you can watch that speak more to the tune of what you want to hear ;). Check them out.

Amazing she will never acknowledge the market is changing and prices are down. The good realtor will tell you the right time to buy instead of convincing you all the way to buy at any price.

We know who the fear mongers are, they tend regurgitate the same foolishness over and over about the housing market. There's also quite a few KZreadrs that lie about the car market crashing as well. Unfortunately alot of people are not smart enough to know that these people are a bunch of fraudsters.

@auroranite

5 ай бұрын

You must be a realtor.

@1powerequalsgod

5 ай бұрын

What’s foolish about the housing market occurred during the pandemic years.

@katrinreal

5 ай бұрын

The last time I checked I was a realtor 😉@@auroranite

Florida is overrated

@katrinreal

5 ай бұрын

Maybe yes, maybe not.

@billpike7392

5 ай бұрын

​@@katrinreal And that's why I enjoy your channel. You provide the facts, and let the buyers decide. Personally I think the truth is somewhere in the middle. ( like most things).

@katrinreal

5 ай бұрын

Totally agree with you Bill. It depends on people's lifestyle preferences and perception is reality...which will differ for all of us. Thank you for watching!@@billpike7392