Homebuyers are gaining an advantage as housing inventory rises and home values decline in several U.S. markets. Florida faces a sharp slowdown with higher inventory, longer selling times, and more price reductions due to softened demand. Texas, despite rapid growth, has increased supply from home construction and higher mortgage rates, giving buyers more negotiating power and causing price declines in many metro areas.
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To all great Americans around the world, a very Happy Fourth of July to you…