Part 11/15:
While acknowledging real estate’s regional differences, Melody emphasizes that overbuilding and speculative excesses are widespread, albeit with localized variations. Florida and Texas, for instance, experienced massive construction booms driven by investor activity, which now face the consequences of oversupply.
In the Northeast, high taxes, demographics, and aging infrastructure evoke different but equally troubling scenarios—more inventory hitting the market as older owners sell or pass away and fewer young buyers can afford current prices.