Florida homes are so expensive, millionaires have trouble buying

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Florida homes are so expensive, millionaires have trouble buying
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A Miami real estate agent on why even her millionaire clients 'can't find a home'

that Florida will lead the country in homeownership gains in 2022, which could mean affordability will become a top concern for the state.

"There is just a lot of competition for homes, so even if they can afford it financially, they are being beaten out by customers who are waiving inspections, financing contingencies, and offering free leaseback periods to sellers," Hogan said. As a result, she is now advising clients to thoroughly understand conditions prior to entering the homebuying process, so they are prepared to make aggressive offers.

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