The San Antonio-New Braunfels metro is among the 10 housing markets where values and prices are projected to drop the most this year, according to one expert. In a YouTube video shared Monday, Nick Gerli, CEO and founder of real estate consulting firm Reventure Consulting, ranked San Antonio as the No.
The San Antonio-New Braunfels metro is among the 10 housing markets where values and prices are projected to drop the most this year, according to one expert.
Gerli compiled his list of the 10 most at-risk housing markets by analyzing which are facing what he called the"trifecta" of a housing market downturn: higher inventory, a rising number of price cuts and declining listing prices. "This is an area in America that is getting absolutely walloped by what I call a 'wall of inventory,' Gerli said of San Antonio's housing market."There is so much supply hitting the market. Investors are selling, builders are liquidating homes and you also now have a lot of existing owners starting to move out of the city, many of whom moved in during the last two years."About 31% of sellers in the Dallas area, which came in at No.
Housing Market Correction Texas Markets Most At Risk Of Home Values Depreciation Reventure Consulting Nick Gerli San Antonio Real Estate News
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