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Thoughtful Money with Adam Taggart
SPECIAL REPORT: Home Prices To Decline 9% This Year, Then Fall Even More | Melody Wright
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.
53:04
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Quick takeaways
- Melody Wright predicts a national average home price decline of 9% by 2025 due to increased housing inventory and market saturation.
- The aging baby boomer population is projected to significantly influence the housing market by increasing available inventory as they downsize or move into assisted living.
Deep dives
Predictions for Housing Market Decline
Current data suggests that the housing market is poised for a significant decline, with predictions of a national average home price drop of around 9% by 2025. Recent analysis indicates that increased transaction volumes are emerging alongside weakening prices, highlighting a concerning trend of motivated selling shifting towards distress selling. This reflects a broader market sentiment where sellers, previously hesitant to act, are now compelled to liquidate their assets in a challenging economic environment. The struggles of homeowners to maintain properties amid rising interest rates and financial uncertainties signal deepening issues in the housing landscape.
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