May 17th, 2021 10:19 PM by Juan Luis Rodriguez-Kohly
Mr. Jose Roberto Portillo
GOBankingRates determined which housing markets are "turning ugly" by analyzing the 500 largest U.S. cities. Florida is the Only State with 13 Cities!!! The List.
GOBankingRates determinó cuales mercados Inmobiliarios se estan “Tornando feo” analizando las 500 ciudades mas grandes de USA. Florida es el unico Estado con 13 ciudades!!! La Lista.
If you live in one of these Cities and you haven’t applied for a Mortgage, don’t wait until the market and Values go down! Call me today!!! 786-262-6486
Si Ud. vive en una de estas ciudades y no ha solicitado su Mortgage, no espere hasta que el mercado y los Valores bajen! ¡Llámeme hoy mismo!!! 786-262-6486
50 Housing Markets That Are Turning Ugly | GOBankingRates
6. Miami Beach, Florida
While home prices have been rising, on average, across the U.S. over the past two years, they’ve fallen 5% in this resort city across the Biscayne Bay from Miami. Plus, houses for sale spend more days on the market here -- 225 -- than in any other city on this list.
^^^^^^^^
50. Fort Myers, Florida
House prices are dropping in this city in southwest Florida. While home prices nationwide have climbed an average of 9.4% over the past two years, prices have dropped 1.4% in Fort Myers over the same period. Plus, houses for sale spend 105 days on the market in Fort Myers, on average, compared with a national average of 66 days.
******
45. Sarasota, Florida
South of Tampa on Florida’s Gulf Coast, Sarasota has a real estate market that could turn ugly. Home price growth has slowed. Houses for sale are sitting on the market for an average of 99 days, far longer than the national average of 66 days. On top of that, the foreclosure rate is higher in Sarasota than it is nationwide.
*********
44. Fort Lauderdale, Florida
The current housing market is slumping in this tourist destination about 30 miles north of Miami. Home prices in Fort Lauderdale have fallen in the past two years. And the average number of days houses stay on the market here -- 133 -- is double the national average.
************
40. Naples, Florida
The housing market has been slowing in this city on Florida’s Gulf Coast. While home prices nationwide have climbed 9.4%, on average, over the past two years, they’ve fallen 8.8% in Naples over the same period. And the average number of days that homes are on the market here -- 140 -- is more than double the national average.
39. West Palm Beach, Florida
Although home prices have risen slightly in West Palm Beach over the last two years, they’ve fallen in the past year. In addition, houses for sale stay on the market in this city north of Miami an average of 119 days compared with an average of 66 days nationwide. The foreclosure rate here is also higher than the national rate.
28. Port Saint Lucie, Florida
Although the percentage of underwater mortgages is below the national average in this city that’s halfway between Miami and Orlando, the foreclosure rate is twice as high. Plus, home price growth has slowed in Port Saint Lucie.
27. Bradenton, Florida
The housing market is slowing more in Bradenton than in neighboring Sarasota. Home prices have fallen 0.3% over the past year. And 21% of listed homes have price cuts compared with 19.8% in Sarasota and 17.5% nationwide. ******
26. Ocala, Florida
The foreclosure rate in this city in north-central Florida is among the top 10 highest on this list. Plus, the percentage of underwater mortgages in Ocala is higher than the U.S. average. To top it off, home price growth has slowed over the past year.
*******
24. Lehigh Acres, Florida
Although the percentage of underwater mortgages in Lehigh Acres is lower than the percentage nationwide, the foreclosure rate is higher here than the U.S. average. In addition, this city in the Fort Myers metro area on Florida’s Gulf Coast has seen a slowdown in home price growth over the past year. Twenty percent of homes listed for sale here have had price cuts.
***********
21. Cape Coral, Florida
This city near Fort Myers has seen rapid growth, but its current housing market is experiencing a slowdown. Home prices increased just 0.1%, on average, over the past year. Nearly 22% of homes listed for sale have price cuts. And houses in Cape Coral stay on the market an average of 103 days compared with a national average of 66 days.
20. Fort Pierce, Florida
While home prices climbed more than 9% nationwide over the past two years, they barely budged in this small city on Florida’s Atlantic Coast. Nearly 10% of mortgages are underwater in Fort Pierce compared with about 8% nationwide. And the foreclosure rate is higher than the rate across the U.S.
13. Riverview, Florida
Like other cities in the Tampa area, Riverview has a housing market that could turn ugly. It has the second-highest foreclosure rate on this list. Home price growth has slowed over the past year. And nearly 25% of homes listed for sale have had price cuts compared with 17.5% nationwide.