Builders are 'a bit desperate' to move Florida inventory, says housing market analyst

"The 51% surge in U.S. home prices since March 2020, combined with mortgage rates rising from 3% to 7%, has resulted in the fastest-ever decline in housing affordability."

"Despite strained affordability, this year marked the 13th-consecutive calendar year of rising national home prices, with many areas in the Midwest and Northeast experiencing elevated price growth."

"Housing analyst Nick Gerli, founder and CEO of Reventure App, anticipated regional bifurcation this year and into 2025, reflecting uneven market dynamics across the U.S."

Read at Fast Company