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Posted on 08/25/2025 3:36:20 PM PDT by MinorityRepublican
Home prices are falling in half of the nation's largest markets, a new report reveals —sparking fears that a housing crash is looming.
Sellers are slashing prices at record rates to to lure hesitant buyers put off by soaring mortgage rates and economic uncertainty.
In July alone, 27.4 percent of listings had a price cut — the highest rate ever recorded in Zillow's monthly data going back to 2018.
It helped push prices down year-over-year in 25 of the 50 largest US cities. Most were in the South and West.
Florida and Texas, in particular, are home to former boomtowns where prices have fallen at the quickest rate over the past year.
Tampa prices are down 6.2 percent, Austin 6 percent, Miami 4.6 percent, Orlando 4.3 percent and Dallas 3.9 percent, according to Zillow.
'Metros where price corrections are steepest are among those with the largest increase in inventory compared to before the pandemic,' said Kara Ng, senior economist at Zillow.
In the South in particular, the pandemic housing boom is now flipping into a bust as a result of too many homes being built, leading to supply outweighing demand.
(Excerpt) Read more at dailymail.co.uk ...
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So- there’s panic when housing prices are to high and panic when they are falling
I dumped my apartment because the bloodsucking companies running the complex demanding 15%-20% rent increases YOY. Screw them! Its a total racket. I got a house for less than I was paying for rent. Decatur, Alabama.
I don’t think we’ll see a mortgage below 5% for at least a decade.
And that prices so many out of the market...
I feel very lucky to have a 30 yr VA at 2.25%.
One more thing...there’s shocking numbers of apartment complexes going up in Huntsville, Alabama. I suspect that all of these property investors have been oversold and rents will come way down. Also, there’s a huge aerospace manufacturing presence in Huntsvillw...and just mfg in general. Young people...get youz a tech certificate in anything CNC and write your own ticket! Just my $.02.
Drop in property tax ? LOL
This is "tumbling," after rises of 50% in the last 3 years?
The highest EVER ( in the last 7 years )
Blackrock anyone?
Wish I could do the same thing where I am, but it’s almost impossible now (central Indiana).
👍👍
Is housing more affordable? Isn’t that a good thing?
Are they being dramatic to make Trump look bad?
But... but... but.... my generational wealth!
Should be federal law that only Trusts and citizens of the united states can own single family homes.
Should be federal law that only Trusts and citizens of the united states can own single family homes.
Should be federal law that only Trusts and citizens of the united states can own single family homes.
Exactly
This means no inflation or even deflation, which means Powell has no excuse any longer and needs to catch up with rate cuts pronto.
Long way to go to be “affordable”.
Median income $75K
A place to live should cost about $200k-$250K, where one can make that median income, to get back to trend.
Having houses in nowhereville for $50K does nothing for anyone.
Free money and zero interest blew the housing market apart.
And everybody knows it.
But lots of House Rich folks will use that equity to pay for end-times healthcare cause their kids, if they have any, hate them.
Buckle up. Keep your family close. Watch your inflation beating investments carefully.
Nowhere near enough. The cuts are going to have to be much steeper than 6%. House prices in this market literally doubled in the last 5 years.
My new construction house went up 47% in 6 years. Now it is down 5% from recent high on Zillow. That is not a crash.
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