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Podcast: The Real Estate Espresso Podcast
Episode: Is Florida Real Estate Melting?
Description: On today’s show we are looking at the residential real estate market in select areas of Florida. Many local brokers are sounding the alarm that rising inventory of homes for sale is causing prices to fall. These markets are experiencing multiple headwinds at the same time.
Some of the shifts are reminiscent of 2008.
For example in Cape Coral, homes for sale inventory is up nearly 1000%. There are currently over 800 homes for sale in Cape Coral as compared with 80 homes for sale two years ago. Now some would say that this is not a fair com...