2 states where home prices are falling because there are too many houses and not enough buyers

• Despite a US housing shortage, Florida and Texas have too much supply, Redfin found.
• The states accelerated construction to take advantage of pandemic-era demand.
• But many are now priced out, while Florida's rising insurance costs are pushing down demand.

A lack of US housing has fenced off most would-be buyers, but two states are dealing with the opposite problem — an overflow of homes.

Redfin has found that properties in Florida and Texas are stagnating on the market, as demand is shifting away from these areas.