Home values have plunged in this Florida area. What happened to hot market?

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By Derek Gilliam Suncoast Searchlight

Angie Ramos is concerned.

The Coldwell Banker Realtor has five listings that have sat for months. Buyer interest is at a minimum. And the stock market has been turbulent.

“We are just flooded with inventory,” Ramos said.

What she’s experiencing isn’t uncommon along Florida’s Suncoast.

Home values in Sarasota and Manatee counties are falling faster than almost anywhere else in the country, signaling a sharp reversal in one of the nation’s most overheated housing markets and raising concerns about the broader economic health of the Suncoast.

Read more at: https://www.miamiherald.com/news/business/real-estate-news/article304252386.html#storylink=cpy

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