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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 ...
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Houses can’t be sold because price is inflated and businesses don’t want a loss so it winds up in rental air bnb and other revinue schemes until the property is destroyed or finally sold.
Housing market is crazy right now because many see it as investing.
Housing market has always gone up and down. It works itself out.
Show me the data by region. I doubt this is uniform across the nation.
Sellers can’t get the grossly inflated price they’ve believed they could get and take their property off the market. There are always people fishing to score a big win, who are really not motivated to move but will if the price is right. Big deal.
Yep, this is just a phase.
If people want cheaper houses move to any area where houses are cheaper.
Greedy or are the Sellers upside down after buying at the peak?
But there are many Airbnb entrepreneurs who are getting out of that business. Wonder how many of the homes for sale are former Airbnb units?
There has been hints that the Federal Reserve might lower interest rates.
There have been claims inflation is lower. I don’t see that except at the gas pump.
Typically, because the federal government is so indebted, the Federal Reserve will not let the interest rates stay favorable for savers for a long time.
It is the duty of real estate agents to inform clients that the Federal Reserve tends to favor borrowers over savers and clients bet against the availability of ‘cheap money’ at their peril.
https://www.reddit.com/r/AirBnBHosts/comments/1483k75/why_you_shouldnt_start_an_airbnb/
I can’t vouch for its accuracy as I’m not an AirBnB operator, but it covers many issues.
That is an interesting post for sure.
It is like any other business—if you do not understand what you are doing....do something else where you do know what you are doing.
The inflation rate the last three months is around 2.3 or 2.4%. That's about the lowest rate in years . It's down from around 9.0% several years ago.
Do you know what the inflation rate means?
I and many others refuse to buy at these prices.
Sellers in NYS have an additional problem...
Property taxes.
In my neck of the Upstate NY woods, there are under 2000 sq ft existing homes going for $200 grand that come with a $5,000 annual property tax bill.
Good luck with that.
About 15 years ago, I had a neighbor who was trying to sell his house who bragged that he “wouldn’t take a penny less than $500,000” for it. It was on the market for a long time and he eventually sold it to his daughter (probably for a lot less than $500,000). People get inflated ideas about what their property is worth and stubbornly stick with them.
“Furnished Finder has over 20 million housing searches per year and average tenant stays of 90+ days. Our tenants are reliable and responsible professionals looking for quality stays, not vacationers looking for a party house.”
https://www.furnishedfinder.com/
I’ve never used the service.
“The inflation rate the last three months is around 2.3 or 2.4%. That’s about the lowest rate in years . It’s down from around 9.0% several years ago.”
The 2.3% and 2.4% rates probably reflect the fall in gasoline prices, a likely one-off occurrence that may not be sustainable by producers.
It is interesting that many people can get very irrational on the value of their real estate.
Their egos get involved—and there is no reasoning with someone captured by pride (sometimes with a touch of greed).
In some cases they may have put a lot of personal labor in maintaining the house and property—so devaluing the house is a humiliating experience since it devalues their labor.
It is not pleasant to find out that the market determines the value of their labor—and they may not like what the market has to say.
“People get inflated ideas about what their property is worth and stubbornly stick with them.”
People also get inflated ideas about what THEY are worth. We had a friend who was a VP in a fairly large company. Lost his job in a restructuring. He was out of work for over TWO years trying to land his next VP gig. He refused to take anything less.
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