BiggerPockets Daily "Bad Economy Sellers" Drive New Listings Up
Mar 26, 2025
As the housing market shifts, new listings are surging faster than they have in years. Economic uncertainty is driving 'bad economy sellers' to list their homes, resulting in price cuts and a cautious outlook on future prices. Consumer sentiments about home equity are explored amidst rising inventory and changing mortgage rates. Additionally, innovative financing solutions in Florida's real estate sector are discussed, revealing a landscape of both challenges and opportunities for buyers and sellers.
AI Snips
Chapters
Transcript
Episode notes
Bad Economy Sellers
- Homeowners are selling due to economic concerns, reversing the anticipated "lock-in effect".
- They fear equity loss, despite holding historically low mortgage rates.
New Listings Surge
- New listings are up significantly (14%) year over year, reaching 68,000.
- This is the strongest mid-March performance since 2020, nearing pre-pandemic levels.
Price Reductions Surge
- 34% of homes on the market have taken a price cut, a potential leading indicator of future price trends.
- Similar price cut levels in late 2022 preceded price dips six months later.