Reported 11 months ago
Intercontinental Exchange data reveals that popular pandemic cities like Austin and Tampa are now witnessing a rebalancing in housing prices with cities in Texas and Florida showing the most significant decline. Home prices surged during the pandemic in these locations, but factors like increased inventory due to higher housing permits, rising premium costs in house insurance, and decreased demand are contributing to the current price adjustment. Experts view this as a market correction towards normalcy rather than a crash.
Source: YAHOO