Carl White & The Marketing Animals
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Home prices in places like Florida are dropping fast—down 20% since the start of the year—because they were overpriced during the COVID boom. Many homeowners who bought with zero down are now underwater, stuck paying more than their homes are worth. There are 500,000 more sellers than buyers, and inventory is piling up. If rates drop, prices might recover, but until then, the market is stalled and sellers need to adjust fast or risk losing even more.
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