[millenial4freedom]

excellent. this should allow more middle-class millennials to be able to afford a home purchase (and this is before much of the illegal aliens are deported). granted, Zillow could be incorrect and a 1.7% decline isn't much.

[where's_the_Outrage?]

Last month I used Zillow to counter the country tax assessment increase, not sure it worked but at least it was verifiable difference from the government value.

[WeaslesRippedMyFlesh]

I’m getting ready to buy a new home.

This is great news.

[yesthatjallen]

Zillow needs to shut up. They aren’t predicting the market, they’re trying to make the market do what they want.

[Does so]

From where I am in Florida, Zillow is being optimistic.

[Tom Tetroxide]

We are starting into another recession with lots of inflation.

[Haddit]

I picked a heavily Hispanic zip code back in December 20, 2024
There were 112 homes for sale.
Today there are 145 homes for sale

Why are illegal aliens still here?
They can be picked up and deported at any time if they didn’t register as illegal aliens.
They will never be allowed back into the United States.
They will never see any friends or family again in the United States.
They will be deported with nothing more than they have in their pockets.
They will be deported with less than someone running from an impending forest fire.
They may end up in prison in El Salvador.

[napscoordinator]

My development of 2800 homes has 100 for sale. A record for 35 years the HOA says.

[Dan in Wichita]

Oh, goody! Does this mean we’ll be seeing a property tax reduction soon?

[HonkyTonkMan]

Promising, however sellers are listing like it's 2021 and haven't come to grips with reality. Nobody is buying overpriced properties with high taxes, insurance, and repairs/renovation costs.

They may need to take a loss to move the property.

[null and void]

Why does Zillow keep downgrading its national home price outlook?

Fewer aliens+more houses being built=lower housing demand=lower prices.

Don't feel too bad, AOC double-majored in international relations and economics at Boston University, graduated cum laude, and she was ignorant of the law of supply and demand...

[Tax-chick]

Good. If this means supply is catching up with demand in more markets, it’s excellent news.

[Starboard]

“this should allow more middle-class millennials to be able to afford a home purchase”

**********

True but the total cost of home ownership keeps going up due to rising property taxes, utilities, insurance, upkeep, repairs, etc. Plus mortgage rates have gone up.

[Karl Spooner]

This is a good channel for the real estate collapse and how to fight real estate tax fraud.

.

[Svartalfiar]

Good. Houses need to crash hard. We’re looking to upgrade decently bigger soon, so everything needs to be as cheap as possible!