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Started By
Message
US Home Sellers outnumber Buyers by almost 500,000, the largest gap ever recorded
Posted on 5/30/25 at 11:06 pm
Posted on 5/30/25 at 11:06 pm
27
Posted on 5/30/25 at 11:08 pm to hikingfan
Good news, prices need to come down. A lot of illegals no longer here as well.
Posted on 5/30/25 at 11:17 pm to hikingfan
This is great news
Posted on 5/30/25 at 11:22 pm to hikingfan
Being taxed & insured out of their homes
Posted on 5/31/25 at 2:41 am to hikingfan
Looks like it’s more of a lack of buyers problem than too many houses on the market.
Sellers have been trending up but still below pre-covid levels while buyers after sinking when interest rates went up starting in 2022 are staying in same ball park they have been since before 2023.
Sellers have been trending up but still below pre-covid levels while buyers after sinking when interest rates went up starting in 2022 are staying in same ball park they have been since before 2023.
Posted on 5/31/25 at 3:12 am to dallastigers
I’d be interested to know where they sourced their data from, and what the regional breakdown looks like. I question a random X account that does not provide the source of their “data”.
Regionally that does not track with what we are experiencing in the Atlanta metro… but there could certainly be a glut localized in places where folks are fleeing.
Regionally that does not track with what we are experiencing in the Atlanta metro… but there could certainly be a glut localized in places where folks are fleeing.
Posted on 5/31/25 at 4:02 am to SM6
They say in a comment that it's from Redfin.
Redfin's twitter account has a few recent posts that shed more light: LINK
I think the cliff's note is that asking prices are simply too high and need to come down a tiny bit.
Redfin's twitter account has a few recent posts that shed more light: LINK
Loading Twitter/X Embed...
If tweet fails to load, click here. I think the cliff's note is that asking prices are simply too high and need to come down a tiny bit.
This post was edited on 5/31/25 at 4:04 am
Posted on 5/31/25 at 5:01 am to hikingfan
The market needs to crash already. And yes, I don’t own a home yet…but ‘bout to.
This post was edited on 5/31/25 at 5:02 am
Posted on 5/31/25 at 6:20 am to hikingfan
Better build some more neighborhoods full of claptrap shoddy 3/2 cardboard boxes with no parking and plastic fences.
This post was edited on 5/31/25 at 6:21 am
Posted on 5/31/25 at 6:23 am to VooDude
Listening to a lot of economics podcasts over the last few years
Said there was a housing shortage and that we needed millions more homes and this was a driver to home prices. Does this new number mean we built those homes or did people just quit looking for homes?
Said there was a housing shortage and that we needed millions more homes and this was a driver to home prices. Does this new number mean we built those homes or did people just quit looking for homes?
Posted on 5/31/25 at 6:30 am to Stateguy
Both
Posted on 5/31/25 at 6:34 am to hikingfan
Gotta love a y-axis of not zero to skew the data visually.
Posted on 5/31/25 at 6:36 am to PowerTool
quote:
think the cliff's note is that asking prices are simply too high and need to come down a tiny bit.
Mortgage rates are too high at current prices
Posted on 5/31/25 at 6:40 am to hikingfan
What about the hundreds of spam calls in the last year where some heavily accented special needs person asks to buy my house. If they make an offer it is usually $100-200k less than market value?
Did these poor cretins ever find a place to live?
Did these poor cretins ever find a place to live?
Posted on 5/31/25 at 6:43 am to Upperdecker
quote:
Mortgage rates are too high at current prices
When the fed finally relents and cuts rates then it will be a bonanza.
Posted on 5/31/25 at 6:47 am to hikingfan
Homes here in RI are still selling over asking by a good 5% or so
Posted on 5/31/25 at 6:49 am to hikingfan
As long as the prices are what they are and the interest rate is still around 7%, the houses are gonna stay for sale.
Buying a 1300 sq ft house for 350k is insanity. Especially if you tack on 7% interest
Buying a 1300 sq ft house for 350k is insanity. Especially if you tack on 7% interest
Posted on 5/31/25 at 6:53 am to Stateguy
quote:
Listening to a lot of economics podcasts over the last few years
Said there was a housing shortage and that we needed millions more homes and this was a driver to home prices. Does this new number mean we built those homes or did people just quit looking for homes?
It's hard to trust the 'experts' in damn near anything. There is a ton of of supply multifamily housing, ie apartments, for people to live in around the country. That reduces demand for single family homes. Next, the foreclosure pauses for federal program mortgages have created a giant backlog of people seriously behind on their mortgages who will lose their houses. Joe Biden paused it. That will release a ton of additional inventory. A ton of new houses have been built. There are ghost neighborhoods in Florida, Texas, and all over where they sit vacant. The nationwide home builders only officially list a few at a time so it doesn't look like a glut. This is well documented in YouTube videos where actual real estate people, rather than armchair analysts, go to the empty neighborhoods.
Posted on 5/31/25 at 7:06 am to hikingfan
I'm here in FL and I've been noticing a lot of price drops on everything listed. Lease is up the end of september so was planning on starting to look for a house in a month or so. Wondering if I should casually look and continue to let prices drop or i bite the bullet rather than dealing with signing another lease and breaking it in a few months if prices drop even further? $4k to break a lease in December seems a lot cheaper than paying an extra $25k for buying a house in august
This post was edited on 5/31/25 at 7:07 am
Posted on 5/31/25 at 7:13 am to CONNECTICUTTIGER
quote:
Homes here in RI are still selling over asking by a good 5% or so
Still waiting for a market crash is Westerly. Wishful thinking.
This post was edited on 5/31/25 at 7:15 am
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