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The Sunbelt housing market just took another hit and most people are still looking at the wrong data. While headlines talk about strong migration into Florida and Texas, the real numbers tell a different story. Net migration into Florida has collapsed 93 percent from peak levels. International buyers are down 70 percent. New construction inventory in the Southern region is now above 2006 levels. Meanwhile: • 44 percent more sellers than buyers • Builders slashing prices and offering massive rate buy downs • Short sales rising • Foreclosures climbing • Negative equity increasing across major Sunbelt metros So what is really happening? In this video, we break down: ✔ Why U-Haul migration data can be misleading ✔ The collapse in real net migration ✔ Why builders are panicking ✔ Why new construction is outperforming existing sales ✔ The affordability gap squeezing local buyers ✔ Why mortgage rates dropping to 5.99 percent may not be bullish ✔ What this means for Florida, Texas, Arizona, Georgia, and the broader Sunbelt If you are thinking about buying, selling, or investing in the Sunbelt, this is critical information you need before making a move. Read my Substack for what I can’t say here: jonbrooks.substack.com **Disclaimer**: This video reflects my personal opinions based on my experience and research. It should not be taken as financial, legal, or real estate advice. Always do your own due diligence and consult qualified professionals before making decisions.