Sellers capitulating. $50,000 losses on houses becoming common place.

Sellers across the US Housing Market are starting to lose money in states like Florida. Where sellers are taking $50,000 losses on what they paid for the house 1-2 years ago.

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The result is that the housing downturn is now gaining steam in cities across Texas and Florida. Particularly - Tampa, St. Petersburg, Sarasota, Austin, Dallas, and San Antonio. These are the housing markets where sellers are most frequently taking losses.
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