Housing Market Change Sparks Warning for Homebuyers in 3 States

Expensive insurance costs, high prices and elevated mortgage rates are cooling the housing market in three states—Texas, Florida and Louisiana—with properties in those areas taking longer to sell, according to Realtor.com, offering fresh opportunities for buyers. Analysts, however, also warn that it may take buyers longer to later resell those properties.

'He warns that on the flip side of the lower listings is that buying a home in those markets could mean having to hold on to them for a long time if and when homeowners may look to sell.'What's the catch? Well, if you have to sell soon, you'll be faced with the other side of that coin,' McLaughlin said.Realtor.

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