It's more difficult for investors to make sense of the market. People are looking at $3,000 a month to own the property, and they can only rent it for $1,800 to $1,900.
On the Treasure Coast, while prices are still trending higher, we have had three consecutive months in the $260,000-to-$270,000 range. We might be catching our breath a bit before we look to go higher.
I wouldn't say it's a crisis. But it's certainly becoming more difficult for first-time buyers.
Five or six months ago, it was nothing to have a house come on the market and see one or two offers the same day. Sellers are going to have to be more realistic.
