Reported about 19 hours ago
Benzinga's CEO AJ Fabino warns of significant drops in home prices in California and Florida as housing inventory reaches levels not seen in years, with California's active listings hitting a five-year high. This surge in listings, combined with low sales volumes and increased down payments, suggests potential instability in some of the nation's most expensive housing markets. Areas such as San Diego and parts of Florida are already experiencing price corrections, and experts indicate that this trend may continue in the upcoming months.
Source: YAHOO