Buyer Power: Days on Market and Price Discounts

Years of housing market gains could be at risk, and it’s not because of mortgage rates, the Fed, or the US government…it’s because of sellers. 

Since 2022, we’ve seen housing inventory rise, home prices stabilize (and fall in many major markets), and affordability slightly improve for buyers (thanks to higher supply and lower demand). But now, a new wave of “delistings” could put the future of the housing market in jeopardy. Sellers are refusing to settle, and they’re walking away at the fastest pace in eight years.

So, what’s next? A housing crash? A continued correction? If the delistings continue, one scenario could come to fruition, and it’s not what buyers want to hear. Dave walks through the new delistings data in this episode and shares some startling statistics on just how bad things are for young Americans. If the next generation can’t buy or rent a home…what happens to the economy?

In This Episode We Cover

The “delisting” wave hitting an eight-year high and putting years of affordability gains at risk

Correction or crash? Why sellers are far less desperate than most people think

Markets with the most delistings and where inventory could start to reverse first

Cracks in the US economy and the trouble that young Americans are in

Lower rent growth for longer? What happens when college graduates CAN’T get a job (or rent an apartment/house)?

And So Much More!

Links from the Show

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On the Market 372 - New Recession Indicator Shows Americans Worse Off Than We Thought

Dave's BiggerPockets Profile

Grab Dave’s Book, “Real Estate by the Numbers”

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