Florida and Texas are collapsing. Zillow revising down value estimates by 21%.

The Texas and Florida housing markets are beginning to crash. With inventory levels spiking and Zillow value estimates declining in these markets.

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Especially in cities like Dallas, Austin, Tampa, and Orlando. These are housing markets are the inventory levels of homes for sale have skyrocketed out of control. Home buyers and investors in these areas will begin to see better deals on the market throughout the 2nd half of 2024.

However - home prices are still high in many of these markets. Which means many buyers and real estate investors are still on the sidelines, even if they are actively looking at listings on Zillow.
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