Some sellers are getting extremely desperate in the U.S. housing market. We’re seeing homes sit on the market for nearly a year, followed by 25% to 30% price cuts. Take this house behind me here in Memphis, Tennessee. It was originally listed at $475,000, now it’s down to $340,000. That’s roughly $110 per square foot for a 3,000-square-foot, five-bedroom, four-bath, historic home. On price alone, this actually looks like a very strong deal. But here’s the issue, inventory in Memphis is high. Eve
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Some sellers are getting extremely desperate in the U.S. housing mar…
2.2K views4 months ago
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The Florida condo market is in free fall. Prices are crashing and inventory is surging. Track condo prices in your zip code on www.reventure.app We’re seeing huge price cuts — as much as 20% over the last two years. In St. Pete Beach, prices are down almost 10% year over year. The main reason? Skyrocketing HOA costs. Near the beach, HOA fees are $1,000–$2,000 per month. It’s too expensive for most second-home or vacation buyers. Now, Florida’s condo market has almost 10 months of supply. That’s
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The Florida condo market is in free fall. Prices are crashing and inven…
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California’s housing market is flashing major warning signs heading into the next 12 months. Inventory is skyrocketing, listings in places like Los Angeles are near 10-year highs. This surge in supply is now starting to push home prices down across the state. Affordability is the core issue. Check the forecast for your zip code on www.reventure.app The typical home price in California is over $700,000. At a 7% mortgage rate, the monthly payment is around $5,100 with taxes and insurance. That’s t
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California’s housing market is flashing major warning signs head…
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California’s housing market has a big problem — homes aren’t selling. The average days on market just hit the highest level in a decade. And the reason is simple — affordability has collapsed. Right now, a typical buyer in California pays about $4,800 per month for a mortgage, including taxes and insurance. Before the pandemic, that number was only $2,500, meaning the market is now twice as expensive as normal. Yet, many sellers haven’t caught on — they’re still overpricing their homes. Values i
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California’s housing market has a big problem — homes aren’t sellin…
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Realtor Mike Aubrey reacts to Goldman Sachs announcing housing downturn will worsen in 2023
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Realtor Mike Aubrey reacts to Goldman Sachs announcing housi…
Sep 7, 2022
NEW YORK POSTMary K. Jacob
Texas’ housing market just broke, and homes are now seeing $200,000 price cuts. This is the largest downturn Texas has seen in more than 40 years, and sellers are panicking. The reason is inventory. There are now over 130,000 homes listed across Texas, the highest level in a decade and the second-highest of any state, behind only Florida. So the big question is whether this Texas downturn spreads in 2026. Reventure’s forecast shows prices in parts of Dallas could fall 6% to 10% over the next 12
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Texas’ housing market just broke, and homes are now seeing $200,0…
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The Worst Housing Market in America in 2026 is in Florida. Values are already down 15%, they crashed 57% in the last downturn, and foreclosures are spiking. It's Cape Coral-Fort Myers. The Wall Street Journal ran an article on it last year calling it the "Worst Housing Market in the U.S." - now Bloomberg is saying that foreclosures are spiking as rookie home flippers go into default on their mortgages. Last time around, Cape Coral was the "canary in the coal mine" for the rest of the U.S. Will i
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