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Podcast: The Real Estate Espresso Podcast
Episode: Is Florida Melting?
Description: On today’s show we are looking at the residential homes for sale inventory across several markets in Florida. We have been experiencing the so-called lock in effect with many owners holding onto very favourable loans at historically low interest rates. Even if someone needs to move, they will often rent out their primary residence and then rent a home instead of buying rather than sell and be forced to pay a much higher interest rate when buying a new home. There are signs that the lock-in effect is now starting to wane somewhat and the...