Housing Market Update: The Crash Bros are Wrong (Again!)

3 months agoScore: 75
Pricing & Profitability
Market Research
Pricing Strategy
Investors
ADR
Occupancy

Summary

The housing market is correcting, creating a buyer's market in some areas, which could benefit real estate investors. Hosts should consider offering below list price when buying properties, as sellers are becoming more willing to negotiate.

Key Insights

  • Home prices are in a correction with appreciation between 1% and -1% nationally; however, when adjusted for inflation, prices are in negative real price appreciation.
  • The average sale-to-list percentage has dropped below 99%, indicating a buyer's market where buyers have more leverage.
  • Inventory is starting to level off, with a decrease from July to August, potentially signaling a shift in market dynamics.

Action Items

  • Offer below list price when purchasing a property to capitalize on the buyer's market.
    Effort: low
    Impact: medium

Tools & Resources

  • Redfin: The article references data from Redfin.

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