If you’ve flipped through the real-estate pages lately – or just tried to pull up Redfin or Zillow – something’s glaringly obvious. Nobody’s moving and nobody’s buying homes right now.
Recently, I took a glance on Zillow at one of the hottest markets in Florida , which is Route 30A in the panhandle. Where it was once almost impossible to see a red dot of something for sale, it now looks like a heat map that a B-52 Stealth bomber just lit up with red dots of bunker busters.
You’ve got homes sitting on the market for weeks – or months – with major price reductions while would-be buyers stare at high mortgage rates, stagnant sales and some places they bought thinking that work-from-home office rules would last forever.
Unless the Fed and Jerome Powell get their act together, our rea