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Housing inventory in California and across the Sun Belt is surging to levels not seen in years, signaling potential price drops in markets that have remained stubbornly expensive despite high ...
The Florida of now is not the Florida of yesterday.
(The Center Square) – Home prices and rents held steady in 2023 and 2024 and sales were down for a second consecutive year, according to a recently released report. Supply of both single-family ...
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Tampa, Florida:-0.9%. Portland, Oregon:-0.6%. Properties in Austin and Fort Worth Texas are experiencing the deepest price cuts, with Fort Worth dropping by 2% and Austin dropping prices by nearly 6%.
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On the other hand, once-popular markets such as San Francisco, San Diego, Portland, and Seattle all saw homes prices fall against the prior year, with drops of 7.6%, 1.4%, and 5.1%, respectively.
Some of the most overvalued cities (and regions) where home prices could be expected to drop by 5% to 10% over the next 12 months, include: Boise, ID — 73%. Sherman-Denizon, TX — 60%.