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re: Zillow is now forecasting home values to drop in every large US metro over the next year
Posted on 4/17/25 at 2:49 pm to Bill Parker?
Posted on 4/17/25 at 2:49 pm to Bill Parker?
quote:
Gonna grow a lot of peaches.
Posted on 4/17/25 at 2:49 pm to Bill Parker?
Double post
This post was edited on 4/17/25 at 2:50 pm
Posted on 4/17/25 at 2:49 pm to Bill Parker?
Double post
This post was edited on 4/17/25 at 2:50 pm
Posted on 4/17/25 at 2:53 pm to stout
What I can't understand is vacation property values.
Granted, they are definitely starting to drop. However, basically everything along the gulf coast doubled during covid. I can't figure out if they were bought in cash with all the money flying around, or if they're all heavily leveraged to take advantage of the Vrbo covid boom.
Regardless, it seems like there would be an awfully small pool of buyers who could afford at this point.
Granted, they are definitely starting to drop. However, basically everything along the gulf coast doubled during covid. I can't figure out if they were bought in cash with all the money flying around, or if they're all heavily leveraged to take advantage of the Vrbo covid boom.
Regardless, it seems like there would be an awfully small pool of buyers who could afford at this point.
Posted on 4/17/25 at 2:55 pm to stout
I’ve noticed a lot of houses in Baton Rouge that have been sitting on the market for 10-12 months, especially in the over $350,000 range. And sellers seem to think that pulling their house for a few weeks and re-listing is going to magically make their house worth more money. Haven’t seen much drop in prices, but I suspect it’s coming.
Posted on 4/17/25 at 3:03 pm to stout
Someone check my math as I'm a dumbass.
Made up simple numbers. House was $300k when purchased. Now worth $600k. Projected to be $591.6k if it drops the -1.4% shown for my metro area. I don't really see this moving the needle one way or the other. Maybe for the places with -3% decreases, but those markets were likely overcooked or dying.
Made up simple numbers. House was $300k when purchased. Now worth $600k. Projected to be $591.6k if it drops the -1.4% shown for my metro area. I don't really see this moving the needle one way or the other. Maybe for the places with -3% decreases, but those markets were likely overcooked or dying.
Posted on 4/17/25 at 3:13 pm to stout
I need that DFW one to drop some more so my prop taxes arent as much as a mortgage payment 

Posted on 4/17/25 at 3:29 pm to stout
good i want to buy a house i found. in 2003 it was at 103k but today its 485k. i want the market to drop so i can pick it up cash
Posted on 4/17/25 at 3:33 pm to lsufanintexas
quote:
good i want to buy a house i found. in 2003 it was at 103k but today its 485k. i want the market to drop so i can pick it up cash
But according to the projected average, it would still be 477k. To drop as low as you want, we'd have much bigger problems.
Posted on 4/17/25 at 3:44 pm to 3deadtrolls
quote:
7 out of the bottom 10. What did we do to piss off Zillow?
When prices are dropping nationwide, and a state has more people moving away than moving in, then Louisiana takes a big hit.
Posted on 4/17/25 at 3:45 pm to stout
I’m looking for a 2nd lake house. May the real estate market crumble please!
Posted on 4/17/25 at 3:45 pm to 3deadtrolls
quote:
7 out of the top 10. What did we do to piss off Zillow?
We have hurricanes, elect retards, and have the slowest growing state economy. It was bound to pop baw.
Posted on 4/17/25 at 3:52 pm to billjamin
quote:
you can't walk downtown anymore.
Thats not true. I go at least 4x a year and stay by Oracle park and walk 6 blocks to my office. Avoid the loin and you're fine.
I imagine San Francisco is a lot like NOLA in this regard.
Posted on 4/17/25 at 3:54 pm to Funky Tide 8
Posted on 4/17/25 at 4:10 pm to ragincajun03
Homestead @ 1.7 in Walker Cty bro, head up north!
Posted on 4/17/25 at 4:34 pm to Polycarp
quote:
Homestead @ 1.7 in Walker Cty bro, head up north!
That would add an extra 40 minutes to Grand Isle and an extra hour twenty to at least a spur of the moment speck, drum or flounder search around Texas City. Can’t do it, baw.
Posted on 4/17/25 at 4:44 pm to BobLeeDagger
quote:
Let the Charleston market tumble. It's absurd here. I'm in the market, hopefully will be able to scoop up an average deal next year.
Right there with you.
Posted on 4/17/25 at 6:01 pm to stout
Unfortunately this didn't happen to DR Horton fast enough. Cramming in 90 homes on 50' wide lots behind us.
So i will have 4 homes on my 150' back fence. And the setback will probably be 25'.
Clearcutting bastids.....
So i will have 4 homes on my 150' back fence. And the setback will probably be 25'.
Clearcutting bastids.....
Posted on 4/17/25 at 6:03 pm to stout
You’ve been wishcasting this for several years. I do think this time you are finally correct. The pricing combined with interest rates is not sustainable.
Posted on 4/17/25 at 6:11 pm to TigersnJeeps
quote:
Clearcutting bastids.....
That's the part that pisses me off the most. Beautiful old growth forest (which many people would pay good money to have on their property) just all gone because I'm assuming it's much quicker and easier to build without any trees in the way. But I guess people will try and be happy with the 12 foot sapling you plant after construction.
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