If you have thought about buying a house in the south, there is now a great time to do it. According to Zillow's latest Markt Heat Index report, this is Zillow, in which the buyer market was found in large parts of the south.
According to Zillow, it all started in 2020 when people moved south to find open space, fresh air and sunshine during the pandemic. So many people were attracted to the south that people in the house formation and the construction industry built up more houses and began to build more houses. “Places like Texas and Florida were very popular at the beginning of pandemic when everyone went to life outdoors and he was affordable,” it was affordable. ”
Zillow Senior Economist Kara von told The hill In an interview about the Markthitzindex. “There it was taken in these markets that the builders were able to keep up with the demand. They knew that people really want to live in these places, they could build a lot, and now we have more units in these areas and a softening of demand.
The result is that there are many houses on the market. If you remember the first lesson from your business class, prices fall when there is a lot of offer. This also applies to the apartment as soon as more houses enter the market, prices fall and buyers have many options and much more levers when it comes to negotiation with sellers.
There are so -called buyer markets all over the country, but of the 14 best cities that were identified by Zillow as “buyer markets” are almost half in Florida. Cities in Louisiana, Georgia, Mississippi, Tennessee, North Carolina and Texas are also in the top buyer markets.
While spots such as Cape Coral, Florida, Mcallen, Texas and Jackson, Mississippi, Mississippi, currently exceed the buyer's markets, according to Market Heat Index, these other southern cities also dominate the buyer's markets in the USA
- Miami, Florida
- North Port, Florida
- New Orleans, Louisiana
- Urban Honolulu, Hawaii
- Deltona, Florida
- Jacksonville, Florida
- Austin, Texas
- Jackson, Mississippi
- Palm Bay, Florida
- Tampa, Florida
- Atlanta, Georgia
- Knoxville, Tennessee
- Memphis, Tennessee
- Durham, North Carolina
If you consider moving or just a “looky toilet”, you can see the complete data and interactive maps from Zillow here.