10 Cities Where It’s Now Easier to Find a Home for Sale – Money Talks News | Candle Made Easy

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In recent years, frustrated homebuyers have struggled to find good properties as the number of homes for sale has dried up from coast to coast.

But there seems to be a glimmer of hope. According to Redfin, the supply of homes for sale has increased nationwide for the first time in almost three years, growing 2% in June.

A combination of rising mortgage rates, expensive home prices and a slowing economy has reduced demand for homes, leading to a surge in homes for sale, Redfin says.

Redfin chief economist Daryl Fairweather expects the trend to continue. In a press release, he makes a suggestion:

“I advise sellers to make a commitment: if you decide to sell, do it quickly, before demand may fall further. And watch out for the price – this is not the time to test the waters. You will do more harm than good if you have to overprice and discount or take the house off the market.”

As the supply of homes on the market increases, some cities see more “For Sale” signs than others. Below are the cities where the number of homes for sale increased the most year-over-year through June.

10. Fort Worth, Texas

Longhorn cattle parading through the street Fort Worth Stockyards riders
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The 12-month increase in the total number of homes for sale by the city as of June: 17%

Everything is bigger in Texas, and that includes houses. Fort Worth is one of the US cities with the largest houses.

With any luck, today’s homebuyers may actually find one of these homes instead of just dreaming of one.

9. Chicago

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The 12-month increase in the total number of homes for sale by the city as of June: 17.6%

As we noted last month, Chicago is among the “10 markets where house prices are falling now.” As more inventory comes online, prices may continue to drop.

8. Las Vegas

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The 12-month increase in the total number of homes for sale by the city as of June: 17.7%

The increase in the supply of houses for sale is good news for Fido: Las Vegas is among the “Best Cities for Dog Lovers of 2022”.

7. Tacoma, Washington

Tacoma, Washington
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The 12-month increase in the total number of homes for sale by the city as of June: 19.9%

Those planning to buy in Tacoma may want to wait a bit to see if there are any big bargains in house prices on the horizon. The city was recently listed as one of the “5 housing markets with ‘very high’ risk of falling”.

6. Phoenix

Phoenix, Ariz
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The 12-month increase in the total number of homes for sale by the city as of June: 21%

As we’ve already noted, Phoenix is ​​among the “10 markets with the most canceled home sales.”

The fact that the market is cooling off is likely to come as a relief to buyers who struggled to find a home when this market was red hot earlier this year.

5. Stockton, California

Street Stockton, California
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The 12-month increase in the total number of homes for sale by the city as of June: 21.9%

A sudden cold has ripped through many California housing markets. Six cities – including Stockton – are among the “10 housing markets cooling the fastest”.

4.Nashville

Nashville, Tennessee
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The 12-month increase in the total number of homes for sale by the city as of June: 25.3%

Renters in Nashville are likely to be happy to see more homes for sale, as the city is one of the “15 US cities where rents have risen the most.”

3. Austin, Texas

Austin, Texas
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The 12-month increase in the total number of homes for sale by the city as of June: 26.9%

Austin has been one of the hottest real estate markets in the US in recent years. Homebuyers are sure to welcome the large increase in the number of homes for sale here.

2. Colorado Springs, Colorado

Colorado Springs
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The 12-month increase in the total number of homes for sale by the city as of June: 31.5%

Last month, Moody’s Analytics ranked Colorado Springs #2 on its list of “10 Markets Where Home Prices Could Fall 20%.”

The annual increase in homes for sale lends some weight to this forecast.

1. North Harbor, Florida

North Harbor, Florida
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The 12-month increase in the total number of homes for sale by the city as of June: 34%

In recent years, new residents have flocked to Florida, driving up house prices in many places. But as more inventory comes online, property prices should ease off or even start falling a bit.

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