The U.S. housing market has generally seen rising property prices, but some areas, particularly in Texas, are now experiencing declines. Factors like buyer demand, supply, and economic conditions could lead to further drops in home values over the next year. For buyers, lower prices offer potential bargains, while sellers may want to act before values decrease further. Cities like Dallas, San Antonio, Austin, Phoenix, and Boise are highlighted for possible future declines, with Texas markets seeing the most notable shifts due to affordability concerns and high interest rates. Other states like Florida, California, and Washington could also see price drops due to oversupply, tax rates, and local economic changes.
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PODCVAST ARE OPINIONS EXPRESSED BY LICENSED REAL ESTATE AGENTS IN DIFFERENT REAL ESTATE MARKETS. DO NOT BASE YOUR HOME PURCHASE OR SALE ON THE OPINIONS EXPRESSED IN THIS STREAM. ALWAYS CONSULT YOUR LOCAL REALTOR FOR YOUR MARKET CONDITIONS.
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