‘American Dream Home’: Key West, Florida
Fox Business host Cheryl Casone joins Doug and Teresa on their quest to find their dream home in Key West, Florida.
Right now the front pages of newspapers and kitchen-table discussions across America are focused on real estate.
Similar to what occurs in the stock market, real estate prices vary — and many agents, brokers and investors are seeing the writing on the wall.
The markets are changing.
Let’s take a look at Florida, where we took our viewers this week as we followed one couple, Doug and Teresa, as they left chilly New Hampshire for sunny Key West.
HOMEBUYERS FEELING INFLATION SQUEEZE AS US ‘HEADED FOR RECESSION,’ REDFIN CEO WARNS
The Florida Realtors Association (FRA) notes that rising inflation, low inventory and rising rates are having an impact.
Christina Pappas, the president of FRA, said, "Households everywhere are feeling the pinch of high inflation."