[Brian Griffin]

My former neighbor Earl said he could have gotten $50,000 more for his house if he had sold last year.

China has falling housing prices.

[BobL]

“My former neighbor Earl said he could have gotten $50,000 more for his house if he had sold last year. China has falling housing prices.”

I don’t care much about China, but houses are overpriced in the US thanks to the way we continue to juice the home mortgage industry.

[mewzilla]

So does NYS.

Same reasons.

[Uncle Miltie]

Illegals being deported and self-deporting dramatically reduces demand for housing, resulting in lower prices.

Good for the young and renters, bad for current owners.

[woodbutcher1963]

Housing had an extremely longer than average run up in pricing.
From extreme lows after the Great Recession to the highs brought on by Covid and the resulting exit from the liberal cities and states.
Now, we are finally having a pull back in general across the country with the exception of the northeast and the Midwest.

This is to some extent some of the people who moved to AZ, FL, TX and other spots are moving back to IL, CT and even NY
The majority of the housing starts by the national builders are still in the south. With the exception of places like Boise.
Up north real estate is too expensive to build large subdivisions.
In locations like here in NH a big subdivision has maybe 30-50 houses and people even freak out over those with 3-5 acre lots and a seven figure price tag.

There are places like Austin that have already seen as much as a 20% correction since 2022.
Then there are places like Orlando that are now in the top ten metro areas for starts/permits in the country for the first time.

The two largest volume metro areas are still Dallas/Fort Worth and Houston.
Third place is Phoenix and it is 2/3 of what the first two are.
Texas , Florida and Az have more building than the whole northeast combined.

CA is still building too. Except it is LA, the valley and San Diego.
San Francisco has less starts than Boise.

However, here are the biggest news.
The number one growth market as a percentage of increase from 2024 to 2025 is DETROIT.
The second largest increase as a percentage is Columbus, OH.
Even places like Buffalo, Cleveland, KC and Chicago are seeing real growth.

[dakine]

You have fascinating neighbors. Threads I see you comment on always has some anecdote about said “neigbors”...

[Svartalfiar]

My former neighbor Earl said he could have gotten $50,000 more for his house if he had sold last year.

China has falling housing prices.

And what do Chinese home prices have to do with ours?

Are you implying falling home prices means we're about to implode like China is?

We bought our house for $240M about seven years ago. Now the neighborhood is selling around $450M. You don't think we're due for a 50%-ish correction?