BiggerPockets Real Estate Podcast

Sept. 2025 Housing Market Update: Mild Correction, Any Signs of a Crash?

44 snips
Sep 26, 2025
The housing market is experiencing a mild correction, giving buyers more negotiating power. With prices cooling in certain regions, the dynamics of inventory and new listings are changing. Mortgage delinquencies are rising, causing speculation about a potential crash, but the data reveals a more nuanced picture. Homeowners still hold significant equity, and investors are advised to approach this market with patience and strategic adjustments in their bidding approach. Tune in for insights on how these trends will impact your real estate strategy!
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INSIGHT

Mild National Correction

  • National home prices are in a mild correction: nominally flat but negative in real (inflation-adjusted) terms.
  • Dave Meyer calls this a mild correction, not a crash, because real prices are down versus inflation.
INSIGHT

Regional Divergence

  • Regional performance is diverging with Northeast and parts of the Midwest still seeing positive growth.
  • Dave Meyer emphasizes local variation: some cities remain positive while overall growth slows.
ADVICE

Start Offering Under List

  • Offer below list price because the sale-to-list ratio is below 100% nationally.
  • Negotiate expectantly: average sellers now accept offers under asking more often.
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