Florida and Texas Are Stuck With an Excess of Housing Inventory
According to a new report from Redin, sellers are slashing asking prices to attract would-be buyers and get extra housing inventory off the market.
Source: robbreport.com
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Sarasota-Bradenton leads nation in slashing home prices
The rising cost of insurance has pushed some buyers to look outside Florida.
Source: yourobserver.com
Florida and Texas see surging housing supply — but not enough buyers
Home-building really took off in Florida and Texas in the aftermath of the pandemic. Now many of these new developments are sitting empty
Source: qz.com
2 states where home prices are falling because there are too many houses and not enough buyers
Despite a US housing shortage, Florida and Texas have too much supply, Redfin found.The states accelerated construction to take advantage of pandemic-era demand.A
Source: businessinsider.in
Property prices boomed here during Covid - they are now being slashed as soaring numbers of homes sit unsold
On the west coast of Florida, the number of homes on the market is surging, and homes are taking much longer to sell, according to new data.
Source: dailymail.co.uk