Home prices UP nearly 2% nationally…..once again frustrating crash predictors.

[GON]

As long as the USD continues to get devalued--- not sure how home prices on a MACRO level can do anything but go up in price.

"Home prices UP nearly 2% nationally…..once again frustrating crash predictors."

 

[dishdude]

How is Cleveland a top 20 metro?

 

[Pablo]

Seems...I dunno, more normal

 

[mrsilv04]

How is Cleveland a top 20 metro?

• Combined Statistical Area: The larger Cleveland-Akron-Canton, OH Combined Statistical Area ranks 17th.

 

[AZjeff]

Sellers can't forget the high prices of a couple years ago and want that price. Zillow estimates our property value to be around $50k less but that is still up 70% from when we bought it in 2018.

 

[Zee09]

Yeah GON but Florida is going to implode with prices dropping 60%.
Says the Youtube crowd...
Not believing it....

 

[GON]

Yeah GON but Florida is going to implode with prices dropping 60%.
Says the Youtube crowd...
Not believing it....

More likely than not millions of residents of New York, New Jersey, Connecticut, Pennsylvania, Maryland, Massachusetts, Illinois, Minnesota, and like other Northeastern and Upper Midwest states are waiting for a trigger to move their domicile to Florida. Hard to have an implosion in prices with so many just trying to figure out how to move to Florida.

 

[Zee09]

More likely than not millions of residents of New York, New Jersey, Connecticut, Pennsylvania, Maryland, Massachusetts, Illinois, Minnesota, and like other Northeastern and Upper Midwest states are waiting for a trigger to move their domicile to Florida. Hard to have an implosion in prices with so many just trying to figure out how to move to Florida.

Yup......
Meanwhile insurance and costs are rising everywhere just not Florida.

 

[SC Maintenance]

1.9% annual gain when YoY core inflation is 3.1% means a 1.2% loss.

If you want to treat a home as an asset rather than a place to live you have to use proper measures.

 

[skyactiv]

How is Cleveland a top 20 metro?

Some of the Cleveland suburbs have lots of wealth and Cleveland is going through a revitalization process.

 

[zzyzzx]

When only rich people can afford to buy houses, of course the average can still go up.

 

[Oldwolf]

My house in Durham NC is down 2.5% from this spring/summers high.

 

[SC Maintenance]

How is Cleveland a top 20 metro?

Its not. Its another contorted article from realtor .com

• Combined Statistical Area: The larger Cleveland-Akron-Canton, OH Combined Statistical Area ranks 17th.

Latest BLS 2024 spreadsheet says Cleveland-Akron-Canton is 51st - just behind Indy.

I don't want to link to an actual spreadsheet but its the first table here - https://www.census.gov/data/tables/...-total-metro-and-micro-statistical-areas.html

I will repeat - only trust data you have manipulated yourself.

 

[GON]

My house in Durham NC is down 2.5% from this spring/summers high.

Did you try and sell it? How do you know you home is down 2.5% and down from what?

The above chart is from actual home sales.

 

[SC Maintenance]

I'll add this - since this is the most current housing thread.

First time homebuyers now make up only 24% of the market - lowest on record.

First time homebuyers average age is now 38 - highest on record. Hard to start a family at 38.

There is no housing "market". There is a stale housing monopoly where existing owners and investors trade amongst themselves

 

[JohnnyG]

My house in Durham NC is down 2.5% from this spring/summers high.

They're building homes like crazy there, (here too), but I recently saw the traffic around Raleigh/Durham and can't figure out why it's so bad!
They are also building roads like crazy there, but 3 lanes of traffic bumper to bumper for miles isn't my idea of a great time.

 

[Arc]

The housing market like all others is driven by manipulation. Selfishness and greed was never supposed to be a man's goal in life. We were designed to do good and help others.

 

[alarmguy]

My house in Durham NC is down 2.5% from this spring/summers high.

Lucky you, you have Duke up there as well as many other leading edge health care. (I dont know your age) Plus the technology hub.
Im heading up there in Sept for a cancer conference. The tri-angle up there will only appreciate in long term value as I am sure you know. It's the place to be. How long have you been there?

 

[Oldwolf]

We moved to the area in '87. I'm semi-retired, 68 yo, 20 some years at UNC Chapel Hill. The home prices I referenced are Zestimates.

 

[Rmay635703]

Yeah GON but Florida is going to implode with prices dropping 60%.
Says the Youtube crowd...
Not believing it....

Rental prices have actually dropped in a variety of supposed hot Florida markets, averaged out for a slight nationwide decline in average rent cost.

Typically rent falls before sales amounts.

Rent prices in my own area are starting to erode, my old apartment is once again advertising $375/month for a studio unit.

This while housing prices are continuing to climb.

https://www.cnbc.com/amp/2025/07/14/us-housing-markets-falling-prices.html