The price cuts just got even bigger (Blackstone selling out of Florida)

Blackstone continues to sell houses in Florida. This house in Wesley Chapel is being listed a $75,000 loss from what Blackstone purchased it for in 2022.

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The entity selling the house is SFR Acquisitions 2, LLC, which is owned by Home Partners of America, who is owned by Blackstone. One has to wonder what this Wall Street investor selloff is going to do to the housing market in Florida, with inventory levels already skyrocketing.

Could home prices drop significantly in markets like Tampa, Orlando, Naples, and Miami due to this investor selloff? We'll have to monitor the housing market and mortgage rates in future months to find out.
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