4.8 • 16.5K Ratings
🗓️ 22 May 2025
⏱️ 19 minutes
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0:00.0 | 49 of the country's 50 largest housing markets are showing weaker year-over-year price growth. |
0:07.2 | Is this time to worry or is it an opportunity? |
0:11.0 | Let's take a look. |
0:16.5 | Hey, everyone, it's Dave, and I got a bonus episode for you today. |
0:20.4 | We're going to be publishing a couple of these quick sort of reaction style shows only on the audio podcast feed. |
0:26.4 | So make sure that you're subscribed so you catch all of our newest content. |
0:30.6 | Today, I wanted to share my reaction and open a conversation in the Bigger Pockets community about a pretty important topic, |
0:39.2 | the widespread softening of the housing market. |
0:43.0 | And when I say softening, I mean slowing, weakening, whatever. |
0:47.6 | I am purposely not using the word correction or the word crash, |
0:52.0 | because first and foremost, a crash is not happening in any big |
0:55.8 | sense. In fact, prices are still up year over year nationally and in a lot of markets. And although |
1:02.0 | some markets are correcting and have actually turned negative price-wise, many are still positive. |
1:08.4 | But the characteristic that is present in almost all markets, right, |
1:14.1 | as I said, 49 out of 50 are experiencing this is what I would call softening. And for some markets, |
1:21.5 | softening does actually mean that prices have turned negative. But for other markets, |
1:26.2 | softening just means that prices are growing up |
1:29.3 | slower this year than they were at the same time last year. And the reason I'm talking about this |
1:35.8 | and the thing that I'm actually reacting to in this audio bonus is a recent report from Rezi |
1:41.5 | Club. They're a great data provider. They basically showed that in March |
1:45.4 | of 2024, so a year ago, data-wise, I know we're in May when I'm recording this, but data |
1:51.2 | lags a month or two. So March of 2024, out of those 50 biggest housing markets in the |
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