I have a realtor in the family … and realtors in FL are desperate because there aren’t homes sitting empty. Inventory is about at its lowest.
The problem in some cases is that institutional buyers (investors) have bought these homes and have been slow to refurbish or even minimally get them together to flip or rent. But that will happen,
My biggest compliant with the RE market now is that so many people are buying houses and condos for VRBO or similar air BNB use. It destroys a neighborhood, not to mention reducing the inventory for people who want to buy a house to actually live there.
BlackRock wants to own every house.