Fannie Price Reductions

[Stefan K.]

I have Fannie Mae Homepath alerts set for the three counties (Tampa, Florida area) that boarder where I live. Normally, there will be up to a handful of price reductions in my daily email, but today I noticed that in one county there were almost 20 price reductions and a dozen in another county. The third one only had 2 price reductions.

Do you think this is driven by Fannie overpricing Homepath homes and it's finally catching up to them and they have to drop the price to move the property or potentially the market is cooling a bit in my area?