Today’s chart comes from Fortune, which shows the real estate markets that are “overvalued” based on the area's local incomes and construction costs.
The article states, “If a recession hits, Moody’s Analytics expects home prices to decline between 15% to 20% in those 'significantly overvalued' housing markets.”
Florida residency offers many benefits, which could be why Southwest Florida is still higher than the national average:
Punta Gorda: 59%
Sarasota/North Port: 55%
Cape Coral/Fort Myers: 55%
Tampa/St. Petersburg: 52%
Lakeland/Winter Haven: 45%
Samuel serves as Senior Vice President, Chief Investment Officer for the Crews family of banks. He manages the individual investment holdings of his clients, including individuals, families, foundations, and institutions throughout the State of Florida. Samuel has been involved in banking since 1996 and has more than 20 years experience working in wealth management.
Investments are not a deposit or other obligation of, or guaranteed by, the bank, are not FDIC insured, not insured by any federal government agency, and are subject to investment risks, including possible loss of principal.