See article here:
Home prices begin to come down in pandemic boomtowns like Austin, Tampa (yahoo.com)
The basics:
Home prices in some large US cities declined in April,
according to mortgage data company ICE Mortgage.
San Antonio, Austin, and Tampa saw the biggest monthly price
declines.
“The key differentiator we’re seeing in terms of growing inventory
levels is a rise in Sellers willingness to list their homes for s sale”.
SW – So you mean inventory is rising?
This article is horrifically written so I’m not going to
waste much time on it, but it marks the first hint of price depreciation for
residential caused by the obvious factor of increased inventory. The mention this
isn’t a sign of ‘market crash’. I think its just the beginning of one. Time will
tell.
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