The Big Short Part 2 has begun
Empty ghost towns are piling up all over Florida. Especially in luxury home-building communities where the houses are listed at $1-2 Million. In this video, I walk you through an empty home building site near Lakewood Ranch/Sarasota, Florida. The builder here is Toll Brothers, and they are America’s largest luxury homebuilder. Access the data for your area at https://www.reventure.app
Home builders in Western Florida keep inundating the market with supply. Cities like Sarasota, Lakewood Ranch, Cape Coral, and Naples have a deluge of newly built homes hitting the market in 2025, just as buyer demand has dropped. The result is a massive wave of inventory and homes for sale, which is dragging down prices.
According to Zillow’s Home Value Index, there’s already been a 6-8% YoY drop in counties like Sarasota and Manatee. And the declines could get bigger in the future based on Reventure’s forecasts.
Credit to : Reventure Consulting