Reported about 1 year ago
During the pandemic, real estate prices surged across the US, leading to bidding wars and inflated home values. However, some markets like Austin, San Antonio, and Tampa are now experiencing a decline in home prices as supply increases and demand decreases. Factors such as rising insurance costs and a shift in migration patterns are influencing the housing market in these areas, but experts believe the price declines do not signal a market crash, rather a normalization after a period of rapid growth.
Source: YAHOO