Home prices in pandemic boomtowns Florida and Texas fell up to 12% due to increased inventory and declining demand.
Home prices in pandemic boomtowns like Florida and Texas have fallen by up to 12%, driven by increased inventory and declining demand. This decline is sharper than the national median home price, which dropped by 1% year-over-year in September. Cities such as Cape Coral and McAllen lead the declines, with factors like rising living costs, weather events, and political climates contributing to decreased buyer interest.
October 11, 2024
4 Articles