Industry News

It’s naptime in Florida real estate

Part 3: Southeast sales ease as speculators grow wary of future price gains

Learn the New Luxury Playbook at Luxury Connect | October 18-19 at the Beverly Hills Hotel

Editor's note: Though experts are divided over what the next 90 days may bring for the housing market as a whole, they all agree on one point: Each region of the nation has its own unique set of circumstances, and how those factors shape the attitudes of home buyers and sellers over the next several weeks will also help to decide how local home sales and prices will fare through the rest of this year and beyond. This four-part series looks at regional trends that are emerging as the peak spring home-buying season gets under way. (See Part 1 and Part 2.) With mortgage rates rising and home sales slowing across most parts of the country, sellers and buyers in a market where economists say that prices should rise about 10 percent this year would seemingly be ready to shout for joy and thank the real estate gods for their good fortune. But that's not the case in Florida and a handful of other areas in the Southeast, where millions of homeowners have enjoyed a long string of annual price g...