MSN - Just a few years ago, housing markets in the warm, sunny parts of the US looked, well … warm and sunny. In the halcyon days of 2021 and 2022, cities like Austin, Tampa, Phoenix, and Atlanta attracted swarms of movers. Home listings reliably drew multiple offers above the asking price, and buyers plunked down all-cash offers to fast-track their purchases.
Flash forward to today, and the big "winners" of the work-from-home reshuffle — metros that drew hordes of footloose workers and disaffected coastal dwellers — have turned into losers. Fewer people are moving to so-called Zoomtowns. Home listings are piling up on the market. Prices are dropping. The anxiety has shifted from buyers trying to elbow their way in to sellers just trying to offload their properties. A new report by the real estate analytics firm Parcl Labs, shared exclusively with Business Insider, shows that home sellers in the lower half of the US, also known as the Sun Belt, are the most desperate in the country.
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