There are real estate markets across the country where $250,000 to $300,000 homes are up for grabs, according to Orlando-based realtor Freddie Smith.
One Florida-based realtor is signaling that Americans may soon see their neighbors packing up for a fresh start in a more affordable housing market. "Here's an unpopular opinion that most people aren't going to be that happy with, but I think it's going to become more popular, relocation," Orlando agent and popular TikTok creator Freddie Smith said Friday on "Varney & Co.
Available home supply also remains down a stunning 34.3% from the typical amount before the COVID-19 pandemic began in early 2020, according to a separate report published by Realtor.com. Most homeowners say they are nearly twice as willing to sell their home if their mortgage rate is 5% or higher, one Zillow survey found. Currently, about 80% of mortgage holders have a rate below 5%.
Business’ Megan Henney contributed to this report.
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