These cities just became America’s hottest buyer’s markets

In the U.S. housing market, buyers are gaining significant leverage, especially in Southern cities like Miami, New Orleans, and Orlando, where they have the most negotiating power. This shift comes as the national median listing price dropped by 2.5% in the second quarter compared to last year, marking the best spring for buyers in eight years. This trend underscores a notable change in market dynamics, with buyers now able to influence prices more than in previous years, highlighting a potential shift in the balance of power between buyers and sellers nationwide.