There was a rush from the northeast US to Florida, now we are seeing a reversal in home prices. Punta Gorda FL, a suburb of Ft Myers, leads the nation with a -20.4% decline from its peak. Austin TX is second at -17.3% from peak. And Fort Myers FL is third at -15.0% from peak. In fact, 11 of the top 30 losers are in Florida. Texas has 6 of the top 30.
Another slice of the data show Punta Gorda FL with -13.3% YoY loss. And Naples FLA is down -11.6% YoY.
