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Lennar Home Builders Drop Home Prices in 2024
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New homes continue to drop. Home builders besides Lennar Homes are offering incentives to unload inventory especially in florida and Texas.
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Many other home builders are now dropping prices and offering builder incentives to homebuyers to relieve home inventory.
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Home Builders in Florida continue to cut home prices as inventory builds. Three hundred thousand unsold brand-new homes are on the market. Home builders like Lennar Homes and DR Horton are cutting prices to $54,000 in Florida. Watch the attached video.
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Folks, it is not just Lennar homes dropping home prices by more than 25%. DR HORTON, Zale Homes, Centennial Home Builders all have dropped home prices by at least 25% or more. This holds true in Florida and Texas. Combination of property tax increases, HOA dues skyrocketing, and Homeowners Insurance escalating 50% of more as well as spiking interest rates, homes are accumulating in inventory, thus tanking home prices.
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There is a large supply in inventory of homes. Many homebuyers are priced out of the housing market due to high home prices, high inflation, high rates,skyrocketing homeowners insurance, constantly increasing homeowners association premiums, and high everything throughout the nation.