Business Insider, April 26, 2024, 2 States Where Home Prices Are Falling Because There Are Too Many Houses And Not Enough Buyers
Cape Coral and North Port, Florida, saw the country’s biggest surge in homes for sale, with volumes up about 50% from a year ago in March. The number of homes also jumped 25% in McAllen, Texas, Redfin reported Thursday.
Both states have been building more homes than any other part of the US, in a race to make room for pandemic-era newcomers.
