Pandemic-heated housing markets in the Sun Belt, especially in Florida, are cooling due to increased construction and slower demand, leading to more buyer power. Conversely, Rust Belt and Northeast metros like New Haven, CT, and Rockford, IL, are heating up with rising prices and tight inventory. Cooling markets offer better affordability, while hot markets face supply shortages. Buyers now have more negotiation leverage; sellers must price homes smartly and consider local trends.
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