Eurodollar University You Won’t Believe What Just Hit the Florida Housing Market
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Jul 25, 2025 Florida's housing market is facing a significant downturn, with sales and prices declining, contradicting rising stock prices. The podcast critiques the focus on high mortgage rates, arguing that deeper economic factors are at play. It highlights the lingering impacts of the 2008 financial crisis on mortgage availability and the ongoing challenges of affordability. The trends are contrasted with past economic booms, examining how current job market conditions and regulatory issues are crucial to understanding the housing landscape.
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Florida's Housing Market Crisis
- Florida's housing market is showing alarming declines despite "historically high" mortgage rates not being historically high.
- Factors include rising insurance and association fees, affecting condos and single-family homes, not just interest rates.
Build Expectations Exceed Demand
- Builders in Florida overestimated buyer demand, leading to an apparent oversupply due to lack of buyers, not just excess homes.
- Increased selling may indicate distress, compounded by rising insurance and association fees.
Nationwide Housing Slump Emerging
- National housing data shows sales and construction declining despite consumer confidence and stock market gains.
- Builder permits and home starts hit lows unseen since early 2023, signaling a broad market slowdown.