About this episode

The episode discusses the recent decline in U.S. home prices and its implications for sellers and investors.

U.S. home prices have officially turned negative. For many months, sellers have resisted adjusting to current market conditions—until now. This could bring short-term pain for flippers and sellers, but overall, it’s a step in the right direction for a housing market that desperately needs prices to soften before it can become unstuck. We’re back with more headlines from last week, including new data that suggests foreclosures are quietly approaching pre-pandemic levels. Inflation remains high, and affordability continues to be an issue, but how close are we to seeing serious distress? On the topic of affordability, home builders are no longer being held to the 2021 International Energy Conservation Code, meaning new construction homes could become available at an even more affordable price point in the future. Meanwhile, wages are up. Despite rent growth remaining relatively flat, renters have more breathing room, which is ultimately a good sign for the overall health of the housing market, as well as for investors who want more predictable rental income. In This Episode We Cover Sellers are finally backing down as national home prices turn negative New investing opportunities…

Topics covered

• home prices
• market conditions
• foreclosures
• affordability
• new construction
• wages

Keywords

• home prices
• sellers
• foreclosures
• affordability
• new construction
• wages
• housing market

Mentioned in this episode

Organizations: 2021 International Energy Conservation Code

Places: U.S.

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