Thoughtful Money with Adam Taggart Meltdown In Florida & Texas: 2025 Housing Market Forecast | Reventure's Nick Gerli
10 snips
Dec 31, 2024 In this discussion, Nick Gerli, founder of Reventure Consulting and creator of the Reventure app, offers valuable insights on the housing market's future. He highlights the historical highs in home prices and mortgage rates, drawing parallels with 1981 and 2006. Nick sheds light on the current corrections occurring in Florida and Texas, revealing how their downturn may affect other states. He emphasizes the significance of data-driven insights and the Reventure app for buyers and sellers navigating the unpredictable landscape ahead.
AI Snips
Chapters
Transcript
Episode notes
Frozen Housing Market
- The U.S. housing market is currently frozen, with low buyer demand and increasing inventory.
- High prices and low affordability are causing this freeze, making home ownership unsustainable for many.
Florida & Texas Downturn
- The housing market downturn in Florida and Texas is evident in declining prices and rising inventory.
- Cities like Austin, Dallas, and Miami are experiencing significant year-over-year declines, exceeding state averages.
Inventory Drivers
- Multiple factors drive increased housing inventory: new construction, investor selling, and homeowner affordability issues.
- Decreased demand due to remote work trends ending and affordability concerns further contributes to rising inventory.