Average New home price biggest drop since 2008

Realtors don't like bubbles popping? Who knew

Hate this for the 10% of decent realtors out there, but they’ll be fine long term.

The other 90% deserve their comeuppance. After two years of their bullshite, it couldn’t happen to a more deserving bunch.

6 months ago custom home builders in Houston were not paying BTSA (Buyer to Selling Agent) commissions.

About 2-3 months they reinstated at 3%. Some are now offering 4% BTSA.

Inventory is on the rise as sales have dramatically slowed and people under contract are backing out which is increasing the inventory issue.

Needs to keep dropping

Just think, the new .75 increase hasn't had time to filter out into the economy yet and we likely have at least another .5 increase coming by the Fed's November meeting.

Realtors over the next six months or so...

I’m sure if the bubble bursts, all of these cities will adjust values and their obscene property tax increases.

Big surprise....not! ZIRP has been the most detrimental and catastrophic monetary policy against the American people in US history....sadly, most street level Americans are clueless to the financial raping they been subjected to by a reckless Federal Reserve aided by a corrupt federal government.....but it's ok, all the institutional investors/banks got theirs.

help an old man with bad eyes. What are the absolute numbers in dollars? I an see the % is about 11% in bottom chart, but that doesn't make sense as the price seems to be at 570k but now well below 500 (ok I see in top right 456,800), so seems like a bigger % drop than what is indicated on the bottom graph..
570-456=114. 114/570= 20%?

Thanks

Can drop sometime after I sell and before I buy.

Not here in Colorado Springs