Down here in FL I can tell you what wrecked it. Exorbant homeowner’s insurance. Why sell your NY house to retire “cheaply” when your house insurance is $4000 a year for a very small house with no flood insurance?
I am trying to get out of Florida and I can't even get a showing on my home. There are 44,880 pre-existing homes on the market right now, and builders keep churning them out. Almost 9000 new homes (by builders) are currently on the market, on top of the pre-existing homes.
I wish I were a buyer right now instead of a seller! It is quite the time to be in the drivers seat if you want to buy a home...