News Summary

• No states better encapsulate the housing headspin of the past half-decade than Texas and Florida.
• Year-over-year price declines are slowing to a creep or even reversing into positive territory.
• The pool of houses available for sale is shrinking, giving sellers some breathing room and forcing homebuyers to act with a little more urgency.
• Some former hot spots in the lower half of the US — think Phoenix or Las Vegas — are charting a similar, if slightly less dramatic, course.