10 Housing Markets Where Demand is Crashing Through the Floor

Source: Yahoo! Finance — 

The housing market has been running red hot recently as more Americans buy homes while the supply has decreased.

But for those who have been scraping by financially and unable to buy a home at these high prices, you will be happy to know that there are some signs that the housing market is finally starting to cool down in some areas. In fact, housing demand is showing signs of cratering in some cities in the U.S.

So whether you’re looking to invest and boost your income, buy your first home, or you are interested in becoming a real estate developer, here are the top 10 cities you may want to consider as demand declines, according to real estate website Zillow.

1. North Port-Sarasota, Florida

Located on the Gulf Coast, North Port and Sarasota may be good destinations for retirees who want to live somewhere warmer. And a 50.1% annual decline in demand may make the area more appealing to potential homebuyers. Many other cities in Florida continue to see rising costs in housing.