Recent South Florida homebuyers risk getting ‘stuck’ once market settles, expert says

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    Homebuyers shouldn’t be afraid to walk away from an “overpriced” property, real estate economist Ken Johnson says. He estimates that homes across the Sunshine State, including in the tri-county area, are currently overvalued by about 20%. The trend of rapidly rising property values fueled by low interest rates and short supply could leave buyers “stuck” for a while before they see returns on their investments, said Johnson, associate dean of graduate programs at Florida Atlantic University’s College…

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