Posted on 07/08/2025 5:02:48 AM PDT by MarlonRando
Delistings jumped 47% nationally in May from a year earlier, in a sign that sellers would increasingly rather wait than negotiate, according to the Realtor.com® economic research team's latest monthly housing trends report. Year to date, delistings are up 35% from the same period in 2024.
The increase is partly due to the overall expansion in active inventory, which was up 28% in June from a year earlier. Newly listed homes increased 8.8% from a year ago, but remained flat over the past two months.
(Excerpt) Read more at realtor.com ...
Housing is going to crash
The #1 buyer of homes today is still the Baby Boomers and they aren’t downsizing and are buying bigger and bigger homes. Never has there been so many elderly buying so many premium homes. This is a big driver of the high prices we see today.
But as more & more of the them die, more & more homes will come on the market.
Millennials and especially Gen-Z certainly can’t afford these homes at their current prices, so there is only one direction the price can head.
“It is interesting that many people can get very irrational on the value of their real estate.”
All living sellers need take into account that they will almost certainly have to pay close to the market price on their next home.
Be aware that homebuyers often are not just buying a house, but they are via impact fees paying for roads and schools.
These impact fees can often be $25,000 in total, or even over $100,000.
In many blue areas middle class homebuyers and apartment renters are also paying to subside the housing of low-income people.
In some areas, mainly blue, there are price-limited housing units available to lower income people.
“Millennials and especially Gen-Z certainly can’t afford these homes at their current prices, so there is only one direction the price can head.”
There are multi-generational immigrant families that can pay more, and do.
Mayor Karen Bass of Los Angeles is making a lot of noise because she knows the demographics of her city.
I live in CT—I have not seen a new road or school for many decades.
Lol.
Law impacting Short Term Rentals:
Airbnb & Short Term Rental Laws and Regulations In Dallas - 2025
https://www.steadily.com/blog/airbnb-short-term-rental-laws-regulations-dallas#overview-of-dallas-short-term-rental-laws
Dallas, TX Properties & Airbnbs For Sale - 3054
https://rabbu.com/airbnbs-for-sale/dallas-tx
Yesterday, the total number of homes for sale in Dallas, TX was 6,012, up 22.1% compared to last year.
https://orchard.com/homes/real-estate-market-report/city/tx/dallas
So there is a large number of AIRBNB's for sale in Dallas.
Thanks for the link
Two Florida counties, one with a flat ~$10,000 transportation impact fee, another with house size-based transportation impact fee averaging slightly about $10,000:
https://reason.org/commentary/poorly-designed-impact-fees-make-housing-more-expensive/
What choice is there but to buy big homes.
Frankly, where there are smaller homes with low prices, you don’t want to live in those neighborhoods.
No, not at all.
Price of Gas per Gallon 2025:
Jan. $3.08
Feb. $3.12
Mar. $3.10
Apr. $3.17
Jan. 3.0%
Feb. 2.8%
Mar. 2.4%
Apr. 2.3%
May. 2.4%
The price of gas has been flat. The rate of inflation is is at 2.4%.
I asked you if you knew what the inflation rate means? You didn't answer.
“Lol.”
If you lived in CT in a nice house in a good neighborhood and were thinking of retiring to FL, you would probably not want to take out a mortgage in FL to move.
You would stay put in CT. The lack of retiree home sales in CT would likely cause CT home prices to rise as younger folks with good incomes seek to buy a nice house in a good neighborhood.
The last time I looked at Orlando area listings of resale homes, few houses in good shape were available. Buying a brand-new house and paying the impact fees was pretty much necessary to secure a nice house in the area.
Scottsdale is firming up after the “threats” of Canadian snow birds leaving didn’t happen.
Very hard to find anything under 800k and most are over 1.5M
Just to be clear—we do not live in a “neighborhood”.
We live way out in the boonies. We like it out here.
There is zero growth in the town—exactly the way we like it.
It is a horrible place for families who want to send their kids to distant schools.
It is a wonderful place for families who want to home school their kids.
“I asked you if you knew what the inflation rate means? You didn’t answer.”
One can find the answer on the Internet.
“Inflation refers to the rise in prices of goods and services over time, which reduces the purchasing power of the dollar. The inflation rate is the percentage that describes how quickly these prices are rising.”
https://usafacts.org/answers/what-is-the-current-inflation-rate/country/united-states/
The market basket the federal government uses to measure the inflation rate is not what I use. I judge inflation over a wide variety of things that have ‘sticky’ pricing.
“Price of Gas per Gallon 2025:
“Jan. $3.08
Feb. $3.12
Mar. $3.10
Apr. $3.17”
In my area of Florida, gasoline pricing bounced up and down by as much as 30 cents a gallon during those months.
I know what the phrase "rate of inflation" means. I was asking you if you in your own words knows.
The market basket the federal government uses to measure the inflation rate is not what I use. I judge inflation over a wide variety of things that have ‘sticky’ pricing.
Demonstrate in your own words, your market basket and the inflation rate for those items, in May 2025.
I suppose it depends on the area.
What I’m seeing in my California neighborhood is homes sold - and ADUs, often two of them - going up on the property - each of which can be sold separately according to California real estate law - zoning is now controlled by the state, not locally (thanks to the likes of the odious Scott Weiner).
I’m getting mail from real estate agents daily about selling my property.
“Jan. $3.08 Feb. $3.12 Mar. $3.10 Apr. $3.17”
In my area of Florida, gasoline pricing bounced up and down by as much as 30 cents a gallon during those month
Those are averages that I gave. If gas price are "jumping up and down", then that doesn't contradict the data that I gave.
Do you know what the word average means?
Huge numbers of listings are not people who genuinely want to sell their house. They are people playing the real estate lottery hoping for that one dumb buyer with stupid amounts of cash.
They will just wait for the next wave of those types of buyers migrating out of California when that state descends down another level of crazy.
Here on Long Island any decent house ignites a bidding war.
I’m going through this right now with a relative. It’s crazy.
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