Thoughtful Money with Adam Taggart SPECIAL REPORT: Home Prices To Decline 9% This Year, Then Fall Even More | Melody Wright
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Feb 10, 2025 
Housing expert Melody Wright provides a compelling analysis of the US housing market, predicting a 9% decline in home prices this year. She discusses late 2023 trends, emphasizing regional shifts in areas like Richmond and Washington, D.C. Melody critiques existing housing narratives, suggesting a surplus of inventory rather than a shortage. She highlights the implications of demographic changes, economic factors, and the importance of informed decision-making for homebuyers. Listeners gain valuable insights into navigating this shifting landscape.
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Hidden Weakness in Housing Market
- Melody Wright observed strength in 2023-24 home sales despite market drama.
- Low transaction volume and higher-end home purchases masked underlying weakness.
Distress Selling Emerges
- Distress selling is emerging, indicated by increased sales volume alongside decreasing prices in certain markets.
- This suggests a shift from motivated to distressed sellers, even in typically resilient areas like Los Angeles.
Inherited Property Defaults
- Melody Wright received multiple requests for help with inherited properties facing default.
- One family member, with power of attorney, took out a loan they couldn't repay, putting the property at risk.