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Massive Price Cuts by Home Builders: A Crisis in Florida's Real Estate Market
In a startling trend across America, home builders are slashing prices at an unprecedented rate, significantly affecting the real estate market in Florida. New construction homes are seeing price cuts ranging from $30,000 to a staggering $60,000 or more. For instance, one builder recently decreased the price of a house in construction from $440,000 to $370,000—a jaw-dropping $65,000 reduction.