Report: Home prices drop, but Tampa Bay homebuyers see little relief

The latest reading on the U.S. housing market shows signs of a shift, but there is still minimal price relief for buyers. A report from online brokerage Redfin shows that 15% of home sellers dropped their asking price during the four-week period ending May 1, compared to 9% of sellers during the same period a year ago. This is the largest annual gain on record in Redfin’s weekly housing data, tracked through 2015. The report also states that new homebuyers have been squeezed out of the market…Original Article