Report finds Tampa housing market one of the fastest cooling in the nation

lol I have friends in that community! Luckily they bought in the two’s! There are greedy people in MY now neighborhood, whining that the townhouses they bought in the two’s are no longer going for mid Four’s. Missed it! Can still make a huge profit tho. So gross.

I bet this guy wasn't whining when his home went up in value 180K in 3 years. What goes up comes down.

All this info is from Zillow for the house number and pics I matched over there (the video is disingenuous in not mentioning this crucial background): The house featured in this video was originally built in 2004. So it's a twenty year old house which was last sold for 162K in 2014, but now they are putting it up for sale for 430K (after the discount). Let's discount it for 30K more for the repairs being done. So currently up for 400K if we take that out. So 150% increase in price over a decade, for a house that was built two decades ago. The killer is a HOA of 375 per month. Unrealistic pricing for really old homes with rising insurance, HoA, and general cost of living in Tampa area. No wonder these houses are staying on the market for longer.

Do NOT buy in Florida you will lose your $$$. Insurance premiums will crush you.

High interest rates, insurance prices. The prices have to come down. I'm currently looking to move from CA to FL and our debt to income doesn't look well to traditional lenders for purchasing our new primary home because we expense a lot on our rental properties (investments) on taxes. I'm not selling properties to purchase new ones. I'm looking for owners willing to do seller finance or subto deals outside the traditional process. So that means working with a title company and transaction coordinator to help square away the details of the contract. I will pay a seller high price as long as the seller gives me flexibility to negotiate terms for payment. Not something a traditional lender is willing to do so it's hard to get approval for these high prices. Think outside the box sellers. Agents just want their commission and this sort of creative financing opportunity hurts their bottomline.

The worm is turning.

HOW lol??

When a house that sits 8 ft from the next house costs half a million dollars, you know you've been had.

Speaking of pay we can’t even rent here a lot of these companies and brokers/ real estate companies are merciless they are asking for 3-4x rent we barely get paid to get by. I see houses on the market 3/2 and the audacity of wanting $3-4k a month can someone tell me where the money is hiding for ppl to do this then I’ll see the same size 3/2 for $2500-$2700 in the same neighborhood look another block over you see a 4-5br for $2500 I’m like wtf is going on makes no sense

People are realizing home insurance rates sky rocketing, rising HOA fees and HOA high assessment fees, and the constant hurricane disaster risks.

Methany spinosa lmao

SINKHOLES... WE HAVE SINKHOLES.... DON'T MOVE TO HERNANDO, PASCO OR CITRUS.... WE HAVE SINKHOLES AND THE HOA'S ARE OUT OF CONTROL

People are not going to continue to pay the crazy greedy prices. Most of the dummies have bought whats going to be bought at those prices. How dumb is it to buy a home for half a mil that in reality is a 3 bedroom ranch style home thats 40 years old

I don't feel bad for him.

False report! Tampa real estate remains scorching, if not the hottest in the U.S. The purported 10-30% market drop is skewed by earlier inflated prices. For instance, a house priced at $200k in 2020 is now $400k in 2024, yet it was initially listed at an inflated $600k towards the end of 2023. So, the 30% dip isn't real; it's just the price correction they initially sought.

You bought a pig!

Am i supposed to feel bad for this guy?

Do not believe these people when they say the Tampa fl. housing market is cooling down, We all have to remember that organizations will say anything to people from panicking and leaving the area. And the same goes for EV's and regular autos.

All the best high paying jobs are in L.A., New York, Seattle, San Francisco, San Jose, Boston, etc. Why would anyone want to live some Trailer Park State like Florida or Texas where they pay 3rd world wages.

Cool down some more and stay ice cold, permafrost, liquid nitrogen. We need it

It’s too hot and humid here to live .. also old ppl

FROZEN IN TIME, by october, the reset will show prices from the 1980's get your hat and gloves ready.

50k cash right now for this

What are you people saying “not true” going on about? This is not new info. If you track the data, Florida has been trending down dramatically for a while now.

Although Tampa being top in the country doesn’t smell right, so I’ll need to check that statement.

Prices need to drop in FL.

Notice how on the map the “old” markets everyone wanted out of are the new hot markets in red? I guess everyone who moved away from California or New York now want to go back, lol.

not even close to true.

ok, not bad I guess

The HOA Fees are astronomical for some properties

Excellent news. I bought my house at the middle of the market with 2.9%. 3 acres five bedroom, 20x40 garage with apartment for $480,000. My neighbors bought last year at a million dollars and 7% they also opened a commercial dog kennel with no approvals. We are so blessed.

Did a flipper get caught?

Florida homes are overpriced and salaries are low.

😂😂😂yeah right