Five major cities in Florida are seeing sizable declines in pending home sales, as the state continues to pick up the pieces following three massive hurricanes this year.
Florida real estate has been in a downward spiral for months, with some condo owners listing their properties for 40 percent cheaper than they’re worth just to unload them.
I thought things were worth what people were willing to pay. That is the justification when prices are rising.
Guess the condos are actually worth 40% less than the condo owners think they are worth.
I thought things were worth what people were willing to pay. That is the justification when prices are rising.
Guess the condos are actually worth 40% less than the condo owners think they are worth.