Are the Days of the Seller’s Market Numbered?
Posted by Florida Realty Marketplace on
It seems the nation’s white-hot seller’s market may be starting to cool off—at least if a recent analysis by ValueInsured is accurate.
According to a recent blog post by ValueInsured’s experts, San Francisco, New York City, Miami, and other major cities are showing signs of slowing down.
“San Francisco—the poster child for a scorching housing market—is one of the first top markets showing signs of buyers’ fatigue, with home prices dropping last quarter for the first time since 2011,” ValueInsured posted. “New York City and Miami are also reporting signs of cooling.”
Still, despite these so-called signs, most homeowners haven’t taken notice—at least not yet. According to ValueInsured’s recent Modern Homebuyer Survey, most U.S. homeowners—about 74…
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