Blackstone is liquidating properties in Florida. “For sale signs are everywhere”.

Blackstone is beginning to sell their housing portfolio in Florida, particularly here in St. Petersburg where the inventory of homes for sale has spiked in the last year.

This house behind me in this video is behind sold by a Blackstone-owned company called Home Partners of America. They bought it in August 2022 for $380,000 and now they have it listed for $370,000 - at a $10,000 loss.

Other Wall Street investors are also now selling homes on the US Housing Market, including First Key, Progress Residential, and AmericanHomes4Rent. The reason these investors are selling is because the local rental market is softening and because inventory is exploding.

Home prices in Florida look like they are on the way down. Especially in a market like Tampa-St. Petersburg.
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