The spring home-buying season is off to a slow start—but not everywhere.
Buyers are still competing against each other for homes in the Northeast and Midwest, where new supply has been limited and attractive listings can draw crowds.
Home prices in parts of the South have been flat or falling. Even with prices starting to come down, however, buyers are still struggling to afford purchases in places such as Texas and Florida, after prices skyrocketed during the pandemic-era housing boom. Home builders built aggressively in those areas during that time, and now many are sitting on unsold homes after mortgage rates doubled from their lows and relocations to these states slowed down.
Source: Is Your Home Going to Rise or Fall in Price This Year? It Depends a Lot on the Location – WSJ
