July 2025 Housing Market Update: A New "Correction" Begins

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Business, Investing

4.8 • 16.5K Ratings

🗓️ 18 July 2025

⏱️ 38 minutes

🔗️ Recording | iTunes | RSS

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Summary

The real estate correction is here, but is a crash coming next? New data suggests sellers are getting increasingly frustrated as their houses sit—and they’ve finally had enough. Buyers are ready to pounce on lower-priced homes, but can they actually afford them? If you’re investing in real estate, is now the best time in a long time to fight for a price cut or seller concession? We’re back with our monthly housing market update, sharing our supply, demand, and home price predictions. Inventory is growing—fast. We’re up double-digit percentage points year-over-year. But buyers are starting to catch on, getting back into the market. So, if we’ve got supply and demand, why are home prices falling—and could they fall even more? With so many homes on the market, are we on a crash course? What’s stopping us from seeing double-digit home price declines in the most oversupplied markets? We’re halfway through 2025, with a much better outlook on what’s to come. Dave is giving a full update in today’s episode on home prices, new listings, buyer demand, and the likelihood that this correction goes even deeper, becoming a full-fledged housing market crash. In This Episode We Cover Why sellers are quitting the housing market even as buyer demand grows The key metric that proves you can get price cuts in 2025 (start negotiating!) The worrying trend for home prices that could foreshadow even more declines One sector of real estate that is seeing massive distress (and foreclosure problems) Markets with the best and worst home price trends (markets to target?) And So Much More! Check out more resources from this show on ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠BiggerPockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ and ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.biggerpockets.com/blog/real-estate-1149 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠[email protected]⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	The buyer's market is here.
0:02.3	So if you've been sitting on the sideline saying you can't invest again until the market is better,
0:07.7	no more excuses.
0:08.9	The water is warm.
0:10.4	It is time to dive in.
0:12.5	Today, I'm explaining how we know it's becoming a good time to buy and the best ways to take advantage and grow your portfolio before the housing market shifts again.
0:26.4	Hey everyone, welcome to Bigger Pockets Monthly Housing Market Update. I'm Dave Meyer, real estate
0:32.7	investor, housing market analysts, and obsessive follower of economic data.
0:38.6	And if you listen to the show often, you know that we do these housing market updates
0:42.8	monthly, as they're an important context for your investing decisions.
0:48.3	And since we are doing this here in July, we're now halfway through the year.
0:52.9	So I'm going to spend the episode today giving you a
0:56.2	summary of what we've seen in the first half of 2025 and then move on to some thoughts on
1:01.8	what we can all expect for the rest of the year. In this episode, I'm going to mostly focus on
1:06.8	first, the big shifts we're seeing in inventory and new listings and the transition to a buyer's
1:11.7	market that I alluded to. Because this is the big change many of us have been waiting for,
1:17.1	so we're really going to want to dig into this data. Next, we'll talk about what's going on
1:21.7	with buyer demand, because I'm hearing so many people say there are no buyers out there. But is that actually true?
1:29.7	Well, next talk about how home prices are trending both on a national and regional level and my
1:34.9	projections for the rest of 2025. And I'll also cover a few key quote unquote crash watch
1:41.8	metrics that we need to keep an eye on to ensure that we're not
1:44.8	tipping too far into the buyer's market and heading into the danger zone. So we'll talk about that
	...

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