The Most Splendid Housing Bubbles in America: Sept Update: Prices Drop in 26 of 28 Big Metros, even San Diego, Los Angeles

Active listings have been surging for months in practically every major market, including in formerly hot markets such as Florida. Sellers are grappling with an unexpected phenomenon: While inventories are piling up, buyers are on strike because prices are too high even though mortgage rates have dropped a bunch over the 10 months through mid-September.