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This video goes through the biggest price cuts on Zillow right now across the US Housing Market. States such as Florida, Texas, and Arizona have sellers cutting the price on houses the most right now.
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Especially Florida. Where home prices are really beginning to drop. This video looks at listings in Miami, West Palm Beach, Ocala, and near Orlando where home values have dropped 20-50% from their peak two years ago.
These types of drops are alarming, especially because the houses in this video are still not selling.
Big price reductions are also apparent in Texas, Arizona, and New York City, where values have declined anywhere from 5 to 20% over the last two years.
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