Florida Housing Update

Video Description

Florida home prices are expected to keep falling. Reventure App is forecasting a 5.5% statewide drop over the next 12 months. In some areas, especially on the west coast, prices could fall 8–10%. That’s significant—during the last crash, Florida saw 10% annual declines for five straight years. The silver lining? This could help restore affordability. Before the pandemic, Florida was one of the most affordable places to live. In 2019, a $1,000 monthly mortgage (including taxes and insurance) was typical. Today, it’s closer to $2,500—a 150% increase, while incomes haven’t kept up. With a median income still around $70K, many locals are priced out. --- REVENTURE APP: https://www.reventure.app Access Exclusive Data and Videos as a Channel Member: https://www.youtube.com/channel/UCVTQunGrE3p7Oq8Owao5y_Q/join DISCLAIMER: This video content is intended only for informational, educational, and entertainment purposes. Neither Reventure Consulting or Nicholas Gerli are registered financial advisors. Your use of Reventure Consulting's YouTube channel and your reliance on any information on the channel is solely at your own risk. Moreover, the use of the Internet (including, but not limited to, YouTube, E-Mail, and Instagram) for communications with Reventure Consulting does not establish a formal business relationship. Image(s) and/or Footage used under license from Shutterstock.com. https://www.shutterstock.com/ Additional stock footage provided by Envato Elements. https://elements.envato.com/