
Thoughtful Money with Adam Taggart
Home Prices Are Falling In More & More Markets Now | Nick Gerli
Jun 30, 2024
Real estate expert Nick Gerli discusses the bifurcated housing market with record highs and falling prices in multiple markets. He highlights the importance of understanding mean vs. median prices and predicts the future of home prices amidst increasing inventory and market divergences.
01:03:23
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Quick takeaways
- Understanding the difference between mean and median is crucial to grasp the true housing market picture.
- US home prices are at record highs on average, but many red-hot markets are experiencing double-digit price declines.
Deep dives
The Real Estate Market in Austin and Florida
Home prices in Austin have declined by almost 20% over the last two years, yet buyer demand hasn't shown a significant increase, leading to a continuous rise in inventory. Similarly, in Florida, prices are beginning to drop across various markets without a notable surge in buyer demand.
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