Sun Belt Real Estate Market Cools, Buyers Benefit
California News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Sun Belts Real Estate Market Cools: Nine Major Metros See Price Cuts
A new report from Realtor.com reveals a cooling real estate market in the Sun Belt, with sellers cutting asking prices more frequently than ever. Nine major metros, including Phoenix, Tampa, and San Antonio, saw price reductions on at least one in five homes. The pandemic housing boom, higher interest rates, and increased insurance costs are cited as reasons for this shift, indicating a more buyer-friendly market.
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