Eurodollar University Holy Sh*t…You Won’t Believe This New Housing Data
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Dec 21, 2025 Miami tops the nation in home de-listings, as sellers pull properties off the market amid worsening conditions. This surge highlights significant issues in the housing market, particularly in Florida. Despite falling interest rates, buyers remain hesitant, leading to a decline in transactions. The podcast explores how high ownership costs and weak incomes challenge affordability. Additionally, it argues that lower mortgage rates indicate economic weakness, contradicting the narrative that they stimulate recovery.
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Delistings Signal Macro Weakness
- Home delistings have surged nationwide, led by Miami and Florida, showing sellers are pulling listings as conditions worsen.
- Jeff Snider argues this reflects deeper macro weakness, not just interest-rate effects on housing demand.
June Uptick Marked A Turning Point
- Realtor.com data shows delistings rose sharply starting in June and remained elevated through October 2025.
- Snider links the June uptick to growing confirmation of job losses and weakening real-economy conditions.
Post-Boom Overbuilding Hurts Florida
- Florida's overbuilding from the 2021–2022 boom left excess supply that worsens current price declines.
- Snider calls the earlier price recovery an illusion that exposed markets to a prolonged bust.