‘Dominoes’ in the Florida and Texas housing markets have fallen, according to a real estate analyst

Beautiful Residential Home in Florida – Courtesy: Shutterstock – Image by Mike Focus While home prices in the Northeast are still rising, real estate consultant Nick Gerli predicts that a spike in inventory in Florida and Texas will lead to sharp price drops in the two regions’ housing markets. Texas and Florida “dominos have fallen,”

Two main causes for the abundance of homes in the Florida real estate market

Home for Sale in Florida — Courtesy: Shutterstock — Andy Dean Photography It looks that the Sunshine State of Florida’s COVID-19 epidemic real estate market is fading. According to Realtor.com®’s December 2024 Monthly Housing Report, a large number of homes were listed for longer than usual. According to the Realtor.com research, the average home was