Air Coming Out of Housing Bubble

Investment Analysis Clubs Macro Economic Trends and Risks
1

Cities like Oakland, California, Jacksonville, Florida, and Dallas led the nation in year-over-year price declines for May, according to the report.

The following 10 cities experienced the biggest decline in median home sale price year over year for the month of May.

1. Oakland, California: -6.7%
2. Jacksonville, Florida: -5.2%
3. Dallas: -4.6%
4. Austin: -2.1%
5. Houston: -1.7%
6. Tampa, Florida: -1.3%
7. Atlanta: -1.2%
8. Seattle: -1.2%
9. Anaheim, California: -0.4%
10. San Diego: -0.4%

Significant drop in 3 cities. Do that make a trend?

2

Meanwhile the cost of labor and materials continue to rise. Add in tariffs. That and high interest rates squeeze buyers.

Builders can trim extras to make prices more attractive, but rising costs continue. Cutting interest rates might help but probably not in this home buying season.

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3

I tend to search for homes in several rural and mid to small markets. I am seeing price declines in all of them.

Including mine.

Cheers
Qazulight

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