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These American cities are trending toward a buyer's market
['Eric Revell']
Latest News | FOX 5
articleAmericans in the market for buying a new home are seeing the markets in some parts of the country turn in their favor after years of seller's markets prevailing.
Of the 100 metro areas included in the analysis, it found there are 19 metro areas that are in buyer's market territory and nine trending toward that may join those ranks by the end of the third quarter.
The nine metro areas that are emerging as buyer's markets are spread around the country and include Atlanta; Bakersfield, California; Birmingham, Alabama; Honolulu; Houston; Memphis; Riverside, California; San Antonio; and Syracuse, New York.
THESE REGIONS ARE BEST FOR FIRST-TIME BUYERSRiverside, CaliforniaDaniel Beer, an eXp realty agent in Riverside, said in the Southern California community's markets, "buyers have the most leverage with condos.
Mario Victorica, also a realty agent with eXp in San Antonio, said the area is "already seeing longer days on market, more price reductions and increased seller flexibility."