Sellers are hitting the panic button. Realtor.com reports surprise 30% spike in inventory.
Surging homes for sale and price cuts suggests the housing market is weakening that home prices could drop significantly in coming months.
Surging homes for sale and price cuts suggests the housing market is weakening that home prices could drop significantly in coming months. Particularly in housing markets like Texas, Florida, and Arizona, where there is the biggest spike in homes for sale and price cuts.
A big twist in the 2024 housing market has been that real estate investors are beginning to sell. This can be seen on the listing shown at 1:06. That’s a property for sale in Houston owned by Invitation Homes – one of America’s biggest Wall Street landlords.
Investors selling has caused the numbers of homes for sale to spike in many cities across America. Particularly housing markets like Houston, Dallas, Orlando, Phoenix, and Nashville.
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