NPR reports US home prices hit all time high in June 2025
- Thread starter GON
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4WD
$50 site donor 2025
Even with more bad neighborhoods available …Many younger folks have given up on the hope of even buying a starter home in a bad neighborhood.
Thanks to Fed / Gov destroying housing for generations of young adults.
Zee09
$200 Site Donor 2023
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The rich get richerJust got my property tax assesment in the mail recently. I know my home value is going up
Yup
In my county average home price just went over $800k. Reason why suburb of the biggest city in the USA with no empty land to build on with extremely low crime
edyvw
$50 site donor 2025
They won't buy it. They will rent. Screw property tax, insurance, mortgage, then I have to sell. They will just rent and call it a day.
Also, there is a lot of talk about "good ole days." How in the 50s everyone could have a home. I cannot remember when I saw home that is 1100-1200sq ft. I think in 1950's average home was 900+ sq ft.
Now, everything is 3000+ sq ft. I mean, it costs money to build it.
I hate renting; it is paying someone else's mortgage. And having a home free and clear is really great. You ain't gonna work forever.
I understand buying, especially around here, is easier said than done.
Owning your home without debt is a beautiful thing.
Tomorrow close on our first new home in 40 1/2 years. We made sure to have cash on hand for a cash purchase. It helped that there was only one owner for 53 years who couldn’t keep up with the maintenance. We were able to get a significant decrease in the price based on the work required.
Still, being able to offer cash and move quickly made a big difference.
Still, being able to offer cash and move quickly made a big difference.
Well done!
Given that by 25 I had basically destroyed my body and spirit and ended up homeless and broke, just having a roof over my head was such a blessing; free-and-clear home ownership was beyond hope; an impossible dream.
It is a beautiful thing. I live dirt cheap, especially for Silicon Valley. I am truly lucky, and I know it.
GON
$150 Site Donor 2025
One has to define loss. Is the vast majority of loss jobs just early retirement? And how many of the loss jobs being replaced by new/ different jobs.
WDC of all places will do well regardless of national economy. I remember going to visit someone at Walter Reed late in 2009. Entire nation was in a challenging financial situation. I was blown away, greater WDC never got the message, it was still "high life" for building and everything else in WDC while much of the nation was in very noticeable financial challenges.
Thank you.
I doubt it. Were in fiscal dominance. If the fed cuts long term rates will likely go up again, just like last cut.
Not familiar with the area but I wonder if that is a drop in the bucket. Small number of jobs vs the total number of jobs.
Also, even if 22k move out, I wonder how long the line is to get those properties that they would leave behind. Long distance commuters who would live to be closer (I'm assuming some portion are closer to DC).
A drop in demand might not lead to a surplus. If 4 buyers were bidding on houses before, but now it drops to only 3, then prices are still going to go up, just not as badly.
JMHO.
There is no flood of sellers, so pricing doesn't move. Housing prices have risen so much in the last few years that even if a few have to sell their house at slightly below market price, there still walking away with cash in hand.
In a place like DC 22K is a drop in the bucket. Worst case is they drive Uber till November 5th 2026 and wait for the next government hiring spree. I believe they would be first in line. No rush to leave DC.
Houses sell for what the market will bear. Good luck whether you are buying or selling!
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