"While home prices are still rising in tight inventory markets in places like most of the Northeast, Midwest, and Southern California, some regional housing markets in states such as Texas, Florida, and Louisiana, where inventory has risen above pre-pandemic 2019 levels, are experiencing mild home price corrections."
"Many of the softest housing markets, where homebuyers have gained leverage, are located in Sun Belt regions of the Gulf Coast and Mountain West, which were home to many of the nation's top pandemic boomtowns that experienced significant home price growth during the pandemic housing boom."
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