BiggerPockets Daily Home Price Gaps Reach Widest Range in 5 Years as Market Tips Towards Buyers
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Apr 29, 2025 Home sellers are clinging to unrealistic prices, creating a significant gap between listings and sale prices. The average home is now listed 9% higher than what it actually sells for. The discussion deep dives into why this disconnect is growing, especially in markets like West Palm Beach and the Bay Area. There's also talk about the Trump administration's effort to utilize federal land for affordable housing, which faces both enthusiasm and skepticism. The shifting market gives buyers more leverage, urging sellers to reevaluate their pricing strategies.
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Federal Land Initiative for Housing
- The Trump administration's new task force targets federal land to ease the housing crisis.
- About 400,000 acres may be unlocked near cities, but lack infrastructure posing cost challenges.
Small Land Sales Could Boost Housing
- Selling even a tiny fraction of federal land can add 1.5 million homes near cities in a decade.
- This could reshape growth patterns, especially in Western states with large federal land ownership.
Sellers Stuck in Past Prices
- Sellers price homes based on outdated comparables from peak pandemic valuations.
- Buyers struggle with mortgage rates near 7% and resist paying the high list prices.