Home prices falling in parts of South, Midwest
Home prices dropping across the country
Americans has been exasperated for years trying to get into homes that they can afford, but new data shows there are some places across the country where prices are dropping. The FOX 5 I-Team's Dana Fowle shares some areas that are close enough you could visit them today.
ATLANTA - Americans have been exasperated for years trying to get into homes. Either there is low supply, interest rates are too high, or families are simply priced out, but there are some spots where prices are falling. And no, you don’t have to move to the other side of the country. Some of those cities are close enough to visit today.
According to Fannie Mae, most of these spots with some declining home prices are in either the Midwest or here in the South. The No. 1 spot on that list is Huntsville, Alabama. It’s less than four hours from Atlanta. The number of price cuts there in July increased by 69%.
Even closer is Augusta, Georgia. Again, price cuts are happening there. And less than three hours away is Greenville, South Carolina. It's a charming city and worth a visit if you haven't been in a few years.
This kind of move appeals to the remote worker, according to Fannie Mae.
10 cities with dipping home prices
- Huntsville, Alabama
- Lafayette, Louisiana
- McAllen, Texas
- Jackson, Mississippi
- Augusta, Georgia
- Memphis, Tennessee
- Fort Collins, Colorado
- Cape Coral, Florida
- Greenville, South Carolina
- Fort Wayne, Indiana