😱 Buyers Bail, Prices Plunge
When buyers panic, opportunity knocks.
Pending home sales are tanking, and the South is leading the charge. Fewer buyers are locking in deals, and inventory is piling up in places like Florida and Texas.
For sellers, that’s bad news. But for distressed real estate investors, it could mean a flood of motivated sellers and price cuts coming soon.
When pending sales drop this hard, it’s often the first sign that prices are about to follow.
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Speaking of Florida, the once-booming investor market is hitting the brakes fast.
Big-money buyers who were snatching up properties left and right are now sitting on the sidelines.
Combine that with a surge in listings, and suddenly, Florida is shifting from a seller’s paradise to a buyer’s market.
Whether it’s cancellations, overpriced condos, or struggling landlords, the cracks in the market are getting bigger.
In this edition of the AltReports:
💥 Pending Plunge
🚪 Sinking Sales
🏡 Cancel Culture
🌴 Crisis Condo
💰 Bank Cover-Up
Video of the Week: WARNING, Expect Massive Foreclosures if CFPB is Gutted
Chart of the Week: Overall Office Distress Climbs to 19.3%
Podcast of the Week: The $450K Per Acre Goldmine in Land Development
Pending Home Sales Hit Record Lows as Inventory Balloons in the South
Pending home sales in the South have hit a dizzying low, proving once again that the housing market has a knack for dramatic exits.
Florida and Texas are flooding the scene with homes, but buyers?
They’re ghosting like it’s an awkward first date.
Investor Home Purchases Are Drying Up
Forget the sunny paradise vibe; Florida's housing market is taking a nosedive, and the investors are bailing faster than a cat at bath time.
Home purchases by these money-hungry sharks have plummeted, leaving empty units and confused locals.
Quick guess—who’s losing out? You got it, the sellers and that poor guy still waiting for his property to escape the market purgatory.
Home Sale Cancellations Hit Record High in January
In January, home sale cancellations shot up to record-breaking levels.
With options galore, buyers are flexing their muscles and saying “no thanks” to homes they don't want.
Looks like January was the month of buyer's remorse, with a side of panic.
Florida's Condo Crisis: Escalating Fees and Repairs Shake the Scene
Florida's condo scene is in a dizzying mess, folks.
A crisis is brewing, with buildings teetering on the brink as associations grapple with escalating fees and repairs.
HOA dues are skyrocketing, and the “for sale” signs are popping up quicker than you can say “Florida Man.”
FDIC Shrouds Total Bank Assets on Problem List
The FDIC has decided to keep us in the dark regarding total bank assets on its problem list. Why? Because apparently, letting people know about potential trouble might just kick off a mad dash for the exits. So instead of transparency, we get a shroud of secrecy. You’d think they’d want to highlight which banks might be wobbling, but nah, who needs a financial heart attack when you can just pull the curtain and hope for the best. In the exciting world of banking, apparently ignorance is bliss.