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— - 2 Eric Auciello - 2 Auciello - 2 Redfin - 2 Sellers - 1 Price - 1 isn't - 1
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Florida Texas Redfin , Florida Coral North Port , Florida McAllen , Texas North North Carolina
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☆ 10 metros where sellers are slashing listing prices the most
  + stars: | 2024-04-28 | by ( Alcynna Lloyd | ) www.businessinsider.com   time to read: +3 min
Sellers are reducing prices in cities with surplus housing inventory, according to Redfin data. As sellers lower prices and builders offer concessions, homebuyers are gaining more power. It means two things for prospective homebuyers: One, more sellers are likely to slash listing prices to attract buyers. To calculate which metros have the highest share of sellers reducing list prices, Redfin analyzed home price data from 85 US metros with populations of at least 750,000. Below are the 10 metros with the largest share of price drops in March, according to Redfin.
Persons: Sellers, Price, —, Eric Auciello, Auciello, Redfin Organizations: Service Locations: Florida, Texas
☆ 2 states where home prices are falling because there are too many houses and not enough buyers
  + stars: | 2024-04-26 | by ( Filip De Mott | ) www.businessinsider.com   time to read: +3 min
Despite a US housing shortage, Florida and Texas have too much supply, Redfin said. AdvertisementA lack of US housing has fenced off most would-be buyers, but two states are dealing with the opposite problem — an overflow of homes. According to Redfin, Florida and Texas have properties stagnating on the market, as demand is shifting away from these areas. The number of homes also jumped 25% in McAllen, Texas, Redfin reported on Thursday. Of the country's top 10 metros where sellers were most likely to slash listed prices, seven are located in these two states.
Persons: Redfin, —, Eric Auciello, Auciello, isn't Organizations: Service, North Port, First Locations: Florida, Texas, Redfin , Florida, Coral, North Port , Florida, McAllen , Texas, North, North Carolina, Tennessee
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