Price cuts on the US Housing Market just surged up to the highest level in 5 years. With 22.1% of listings in May 2024 receiving a price reduction. That's nearly 3x higher than the pandemic low. And rising fast. Signaling a weakening housing market where prices are likely to…

Housing markets where home prices have dropped the most since bubble peak in 2022. Check out Austin, TX. -17% already. And still falling. Declines slowed in many of these markets over the last 6-12 months. But they will soon accelerate again. 1. Austin, TX: -17% 2. New…

Housing markets with the highest appreciation over the last 12 months: 📈 1. Hartford, CT: +12.5% 2. Syracuse, NY: +11.9% 3. Bridgeport, CT: +11.7% 4. New Haven, CT: +11.4% 5. San Diego, CA: +11.3% Severe housing shortage in most of these metros. Prices will continue going up… pic.twitter.com/0KSG…

Home prices in California are 17% overvalued. A level of overvaluation we haven't seen since the last bubble in 2005-06. When home prices get this overvalued, it's a signal that a market correction is coming. Either: prices need to drop or incomes need to go up. In the last…

The Austin, TX housing downturn keeps getting worse. Inventory of homes for sale just surged +442% over the last two years. Up to almost 9,000 houses on the market. That's the highest inventory level on record for April going back 7 years. Prepare for more price declines in…