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Across Florida, new homes, townhomes, and neighborhoods are emerging rapidly, as builders remain steadfast in their commitment to supply, seemingly oblivious to the market downturn. Conversations with industry insiders indicate that builders are willing to endure substantial price reductions of 14% to 15% to move inventory and transition to the next community project. While this aggressive strategy may help them offload unsold homes, it's contributing to a broader decline in home values. In Parrish, Florida, home prices have already dropped between 2% and 5% year-over-year across various ZIP codes.