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Gold and Silver Surge: Economy Downturn
Gold and Silver Prices Surge. The economy continues to plummet. Inflation keeps on surging like an runaway freight train. The Dow Jones Industrial Average and other indices continue to surge and tank like a blind Eagle out of control. Mortgage rates back over 7% is killing the housing market and signaling the worst financial and housing economic climate and crisis. This is the biggest financial bubble bomb in United States has, had, and will face.
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Florida Housing Inventory Continues to Climb.
Housing inventory in Florida continues to explode past pre-pandemic levels at the same time depending home sales are falling off a cliff. These two events combined are what cause housing crashes to happen. And that’s exactly what we’re seeing right now in Florida is the beginning of a housing crash and making housing in Florida affordable again. Inventory of homes has climbed and is continuing to climb over 40%. The housing correction in Florida is not over. Home inventory in Florida continues to outpace the demand. Higher increasing homeowners insurance, higher homeowners association premiums and the never ending horrific hurricanes is causing a stronger barrier on buying primary and investment homes in Florida.
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As Florida enters the final quarter for snowbird season, the new construction inventory across the south just hit levels not seen since 2007. Meanwhile, sales of existing homes in the region are being reported to have reached all time lows. Many areas of Florida are now starting to see large inventory upticks and dramatic price declines. Watch the video attached below.