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Would-be sellers feel chained to their homes, given their cheap fixed-interestmortgages so they arent selling.
Affordability is great for buyers, but not so great for sellers.
Entering 2025, Hamilton sees plenty of opportunity for first-time homebuyers in cities like Dallas and Fort Worth.
Miami, Florida
Naples isnt the only city in Florida at risk of sliding home values.
Eric Brown, licensed real estate agent and founder ofEmpire 850, sees storm clouds on Floridas horizon.
During the pandemic, home prices soared, driven by remote work and migration.
But wages didnt keep up, he said.
Tampa and Orlando have also been hot spots for out-of-state buyers and investors.
In fact, Brown sees Floridas real estate as increasingly a house of cards standing on a wobbly foundation.
This is a risky recipe if demand slows.
Orlando, Florida
Orlando suffers from thesame fundamental risksas Tampa plus one more.
Orlandos housing market is heavily tied to tourism, Brown added.
We may see prices drop in places like Capitol Hill.
In fact, were already starting to see decreases in some submarkets, Gumataotato noted.
That wave may have already crashed, however.
High home prices have left many of todays twentysomethings in Gen Z looking elsewhere for their starter homes.
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