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Started By
Message
Real estate is correcting
Posted on 5/18/26 at 8:09 am
Posted on 5/18/26 at 8:09 am
Inventory is building up and it's shifted more to a buyers market in many areas of the country.
Think this will lead to downward pressure in the stock market.
Think this will lead to downward pressure in the stock market.
7
Posted on 5/18/26 at 8:21 am to Billy Blanks
I think shitty and overpriced inventory is building up but nicer houses are still selling very quickly.
We just closed on selling our house in Birmingham for $50k over ask with waived inspections and renting it back for free for 6 weeks.
We just closed on selling our house in Birmingham for $50k over ask with waived inspections and renting it back for free for 6 weeks.
Posted on 5/18/26 at 8:21 am to Billy Blanks
It’s possible it just depends on how severe impact on stocks.
Real estate does need some rebalancing.
However, home equity does drive a good amount of consumer spending.
Real estate does need some rebalancing.
However, home equity does drive a good amount of consumer spending.
Posted on 5/18/26 at 8:28 am to reds on reds on reds
quote:
I think shitty and overpriced inventory is building up but nicer houses are still selling very quickly.
Indeed. High end houses are where there's more buyers with lots of equity and money. Starter homes and mid range homes are suffering.
Posted on 5/18/26 at 8:34 am to Billy Blanks
Real estate is so regional it's really hard to make a judgement.
But would imagine many people are strapped right now
But would imagine many people are strapped right now
Posted on 5/18/26 at 8:41 am to Billy Blanks
My neighborhood should be priced starter or slightly above, but it's priced solidly mid-range, and stuff is sitting on the market in my hood. Ain't no one paying $650k for an 1800 sf house that was flipped on the cheap with Lowes fixtures. High end zip codes here are still popping off.
Posted on 5/18/26 at 8:47 am to BottomlandBrew
I look at real estate in my area, and I see the same houses on the market that were there 6 months ago.
I know this because I am looking and there are certain neighborhoods that I am interested in, and the only houses that are moving are the ones that are bargains compared to other houses on the market. Many houses are being pulled off the market after sitting for a few months.
I am sitting on the sidelines until the market shows signs of heating up. When that happens, I think you will see a lot of folks putting their houses back on the market and inventory will shoot up.
Right now, if you restrict Zillow to houses that were listed in the last 2 weeks, 90% of the inventory disappears from the map. The listings go from 793 down to 69.
I know this because I am looking and there are certain neighborhoods that I am interested in, and the only houses that are moving are the ones that are bargains compared to other houses on the market. Many houses are being pulled off the market after sitting for a few months.
I am sitting on the sidelines until the market shows signs of heating up. When that happens, I think you will see a lot of folks putting their houses back on the market and inventory will shoot up.
Right now, if you restrict Zillow to houses that were listed in the last 2 weeks, 90% of the inventory disappears from the map. The listings go from 793 down to 69.
Posted on 5/18/26 at 8:48 am to Billy Blanks
We live in Forsyth County GA and our hood is starting to sell quickly again in most instances….homes that have been updated and are going from $600-$750k
I still don’t understand how couples are affording $4-5k a month mortgage payments in their 30s ….
I still don’t understand how couples are affording $4-5k a month mortgage payments in their 30s ….
Posted on 5/18/26 at 9:01 am to reds on reds on reds
quote:
waived inspections
Presume home is relatively new.
As buyer, that ain’t in my vocabulary
Posted on 5/18/26 at 9:04 am to Everyday Is Saturday
quote:
Presume home is relatively new.
As buyer, that ain’t in my vocabulary
Home is 65 years old. We had 5 offers with all 5 coming in over ask with waived inspections.
There's still some competitive markets but the houses that are sitting are overpriced.
Posted on 5/18/26 at 9:05 am to Jax-Tiger
quote:
down to 69
Those houses will be blowing and going quickly.
Posted on 5/18/26 at 9:13 am to BottomlandBrew
my hood has slowed down but stuff is still moving. Just not at the rate it was a few years ago.
sellers are still buyers more often than not so we are just in a big game of chicken right now.
sellers are still buyers more often than not so we are just in a big game of chicken right now.
Posted on 5/18/26 at 9:25 am to Billy Blanks
2bd 2 bth couple doors down that needs a good bit of work just sold in less than a month for 1.15
Posted on 5/18/26 at 9:36 am to SuperSaint
My house is about halfway between Tampa and the mouse. They have been saying for a year that it is easing up but to expect a correction. It has sat at the same place on Zillow for a year. In the last week it did drop 8/10 of a percent. I am still up 260% since purchase. 
Posted on 5/18/26 at 9:57 am to Billy Blanks
Ok everybody. Some basic math calculations to follow.
Residential property values should increase, correct? This is why it is purchased, not just for a storehouse of value.
Take a house prices at 350k, 25 yrs ago, at a 3-4% gain, and run the future value calculation. That's just inflation. What if you improved the property?
Big numbers make big numbers. It's math.
Residential property values should increase, correct? This is why it is purchased, not just for a storehouse of value.
Take a house prices at 350k, 25 yrs ago, at a 3-4% gain, and run the future value calculation. That's just inflation. What if you improved the property?
Big numbers make big numbers. It's math.
Posted on 5/18/26 at 10:04 am to Billy Blanks
I’m confident Lafayette will continue to be completely stupid.
Posted on 5/18/26 at 10:07 am to reds on reds on reds
quote:
I think shitty and overpriced inventory is building up but nicer houses are still selling very quickly.
We just closed on selling our house in Birmingham for $50k over ask with waived inspections and renting it back for free for 6 weeks.
Yep. As a buyer in Birmingham, can confirmt his is what is happening here
. There are some decent houses that are sitting for a while and need prices to come down some, but lots of really shitty ones asking way too much. Anything that is in good area and decent isn't lasting more than a couple weeks and is usually happening like this, lots of parents coming in and buying their kids a house. I have laughed as there is one house that has been on the market for I believe 3 years now and they've come down a total of $5k on their price over those 3 years. They'll leave it on the market for 3-4 months or so, get no action, take it down for a month, then re-list it like it is a new listing at the same price.
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