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Biggest Metro Area Home Price Decline Since 2022 Peak - NOLA and LC make the list
Posted on 5/9/25 at 8:33 am
Posted on 5/9/25 at 8:33 am
-23.2% -> Austin, TX
-16.9% -> Punta Gorda, FL
-16.2% -> New Orleans, LA
-14.4% -> Lake Charles, LA
-12.2% -> Cape Coral, FL
-11.9% -> North Port, FL
-10.5% -> Boise City, ID
-10.2% -> Phoenix, AZ
-16.9% -> Punta Gorda, FL
-16.2% -> New Orleans, LA
-14.4% -> Lake Charles, LA
-12.2% -> Cape Coral, FL
-11.9% -> North Port, FL
-10.5% -> Boise City, ID
-10.2% -> Phoenix, AZ
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Posted on 5/9/25 at 8:36 am to stout
Browsing Zillow in LC the past year has been eye opening. We decided to stay put for now. We wouldn't get close to our current rate either
Posted on 5/9/25 at 8:37 am to stout
The majority of my alerts from Redfin have been for price decreases.
Posted on 5/9/25 at 8:39 am to stout
not in nashville; house prices keep going up here and its ridiculous given the latest property tax increases and general decline in how the city itself is being run.
Posted on 5/9/25 at 8:40 am to bad93ex
quote:
The majority of my alerts from Redfin have been for price decreases.
You have to use Realtor speak. They aren't price decreases. They are "discounts," or "new listing price," or "price improvement."
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Posted on 5/9/25 at 8:41 am to CAD703X
quote:
not in nashville; house prices keep going up here and its ridiculous given the latest property tax increases and general decline in how the city itself is being run.
You are neighbors with Scott Stapp. That alone increases your value Higher to a place where blind men see
Posted on 5/9/25 at 8:42 am to stout
That’s a bit deceptive in that some of the markets being listed as down increased 70-100%.
If a stock goes up 100% and declines 12% it’s still way up.
Rochester, NY declining during Covid and then recovering 12% paints a similarly deceptive picture without context.
If a stock goes up 100% and declines 12% it’s still way up.
Rochester, NY declining during Covid and then recovering 12% paints a similarly deceptive picture without context.
Posted on 5/9/25 at 8:42 am to stout
A house in my parents neighborhood recently sold for almost 100k over asking. Was shocked, I thought the days of those kind of bidding wars was over but apparently not for the right house.
Posted on 5/9/25 at 8:43 am to stout
Gettin about time for that NE Alabama/NW Georgia lake house for a vacation home.
Posted on 5/9/25 at 8:44 am to tide06
quote:
That’s a bit deceptive in that some of the markets being listed as down increased 70-100%.
That's why the headline and tweet clearly say "since their 2022 peak"
Do they teach reading comprehension in Bama?
How far do you want to go back to say a house is still up? 10 years? 20 years? Yes we all know houses skyrocketed from 2020 through 2023'ish but this is data from peak values until now
This post was edited on 5/9/25 at 8:46 am
Posted on 5/9/25 at 8:54 am to stout
#1 baby lets go!
Love that I bought in July 2022 right at the peak of the market

Love that I bought in July 2022 right at the peak of the market

Posted on 5/9/25 at 9:01 am to stout
quote:
That's why the headline and tweet clearly say "since their 2022 peak" Do they teach reading comprehension in Bama?
My point is and remains that reporting on markets that boomed vs busted during COVID as a % inc/dec isn’t really apples to apples.
I agree that from everything I see down in FL there is a slow market bust underway where markets were built up way beyond what was sustainable from an affordability standpoint and many short term rental investors are going to go bankrupt unless rates go down so they can refi their COVID era ARMS if they bought and held.
Posted on 5/9/25 at 9:02 am to stout
It’s weird because I’d assume property tax assessments would go down as well. Does that ever happen?
Posted on 5/9/25 at 9:06 am to stout
quote:
You are neighbors with Scott Stapp. That alone increases your value Higher to a place where blind men see

not anymore. we moved again.
and scott is in williamson county..home of great schools and property tax half the cost of nashville

i'm the idiot that moved back to nashville b/c we found our dream house.
Posted on 5/9/25 at 9:12 am to tide06
quote:
My point is and remains that reporting on markets that boomed vs busted during COVID as a % inc/dec isn’t really apples to apples.
Yes, but you need some basis for comparison. The COVID boom was an anomaly, but it did happen. Ignoring it and comparing prices only to pre-2020 levels doesn’t accurately reflect the current market.
quote:
standpoint and many short term rental investors are going to go bankrupt
I honestly believe speculative investments drove a larger portion of the market increase than most people realize, and not just by the 'Airbnb bros.' There were tons of influencers promoting the 'cash-out refi' strategy, bragging on TikTok about owning '50 doors.' Now that rental prices are falling, the gap between mortgage payments and rental income is becoming unsustainable, especially since many have already spent the so-called 'profit' from those cash-out refis.
BTW, FNMA has admitted there was a lot of speculation mortgage fraud and are considering going after people. People were buying multiple properties to use as rentals and lied about it being their primary home to get better rates and a 3% down payment.
Time will tell if I am correct but I truly think speculation drove the price frenzy and not actual buyers.
This post was edited on 5/9/25 at 9:13 am
Posted on 5/9/25 at 9:17 am to stout
quote:
stout
Its May of 2025 and there still has not been a housing 'crash'. How upset are you?


Posted on 5/9/25 at 9:18 am to stout
I cant speak for all areas but places like austin and nola recently changed short term rental laws.
I guess you can just do it without a permit and risk it. But I assume people will just sell instead.
In Austin they had to start collecting Hotel occupancy tax on strs.
I guess you can just do it without a permit and risk it. But I assume people will just sell instead.
In Austin they had to start collecting Hotel occupancy tax on strs.
This post was edited on 5/9/25 at 9:22 am
Posted on 5/9/25 at 9:20 am to CAD703X
quote:
not in nashville; house prices keep going up here and its ridiculous given the latest property tax increases and general decline in how the city itself is being run.
Nashville is the most overrated city in the country IMO
Posted on 5/9/25 at 9:21 am to ronricks
quote:
Its May of 2025 and there still has not been a housing 'crash'. How upset are you?
Idiot
This post was edited on 5/9/25 at 9:22 am
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