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50 Housing Markets Turning Ugly

Posted by Sami Thalji | Aug 18, 2021 | 0 Comments

Interesting article I came across from Yahoo.com ranking the 50 housing markets that could turn ugly as the housing market cools. Unfortunately, Florida dominates here representing nearly a third of the list. The Florida cities on the list include Fort Myers, Sarasota, Fort Lauderdale, Naples, West Palm Beach, Jacksonville, Orlando, Port Saint Lucie, Bradenton, Ocala, Lehigh Acres, Cape Coral, Fort Pierce, Riverview, and Miami Beach. Reasons for the pessimism surrounding these markets include lack of growth in prices over the last two years, higher percentage of underwater mortgages then the rest of the US, and higher percentage of foreclosure starts then the national average. The Florida markets have been so hot for the last two years but there seem to be some cracks starting to show and the market fundamentals appear to be shifting away from a strong housing market. If Florida residential real estate is truly overvalued by approximately 20%, as many analysts believe, then we could be in for a fast changing market over the next two years. With that said, if you are looking to sell or can't pay your mortgage call Florida Consumer Lawyers today. Stay tuned. 

About the Author

Sami Thalji

Sami Thalji is a native Floridian, born in Clearwater and raised in St. Petersburg, Florida. Sami graduated from Osceola High School in Seminole, Florida before attending and receiving both his Bachelor of Science and Juris Doctor from the University of Florida in Ga...

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