U.S. home prices have been on the rise for the past few years, however, price gains are subsiding in formerly hot markets such as Texas and Florida. And new research from CoreLogic shows that some cities are vulnerable to future price declines.
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00:00U.S. home prices have been on the rise for the past few years. However, price gains are
00:04subsiding in formerly hot markets such as Texas and Florida. And new research from CoreLogic
00:10shows that some cities are vulnerable to future price declines.
00:15Experts are speculating that the Sarasota County region in Florida could become a buyer's
00:19market. Experts say there is more than a 70 percent probability this housing market will
00:23have a price decline over the next 12 months.
00:26If you prefer mountains over ocean, experts say you should keep your eyes on Spokane,
00:31Washington. Money Talks News notes that there is also a high likelihood prices will drop
00:35here as well.
00:37Atlanta is next up on the list, which is great for people looking for a new start since this
00:41city is generally booming with fun things to do and work opportunities.
00:46And finally, a recent report from Parcel Labs found that many housing markets in Florida
00:50are at a big risk of correction. That includes Gainesville, where prices have already fallen
00:552.28 percent from their peak.