Florida, Texas and California housing markets cracking. Housing is not correcting through prices. It is choking through volume,
Florida, Texas and California are now firmly at the center of America’s housing crash – accounting for 12 of the 14 major metro areas where home prices are falling. The sharpest drop was recorded in Dallas, TX, where median sale prices slid 7.6 percent from a year earlier. Florida’s once-red-hot housing market is also cracking, …