Does anyone have insight on the Florida housing market? I’m a newbie looking to buy my first house but it seems very expensive right now. I have 60k of cash on the sidelines waiting but not sure if it even makes sense to try and time it or just buy a house i like and can afford whenever I see it. Thanks!

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In 2017, a lot of people felt like prices were inflated and the bubble was bound to burst soon.

In 2021, anyone who bought in 2017 looks like a genius cuz many of them have seen values increase by 20% to 50%.

Everything looks inflated until the market continues to climb. There has been a deficit of new housing being built across the country for 10+ years. Covid accelerated the ability for many white collar workers to work remotely full time, which I think has accelerated the migration to warmer weather cities like Florida.

I’m not saying you should buy now, especially if finances are tight to be able to afford something, but I don’t think you should specifically wait for prices to “drop”, especially in a warm state like Florida.

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Currently in FL. Went to look at a town home advertised for mid 200’s. Lady there told us the bidding wars were starting at 315k if that gives insight. NE Florida.

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