Aren’t Florida and Texas where rent and housing costs are decreasing the fastest?
(Aka properties are taking the longest to sell and loosing value the fastest)
Based on the above it appears the areas with the highest losses are also the areas with the most inward migration. (From the map of the country based on value/price drops from a particular YouTuber)
Be careful cherry picking data. The chart's posted do not lie, nor is the data cherry picked.
Earlier this morning I read a article negative on Las Vegas real estate market. Yet the data doesn't lie, the article writer admitted Las Vegas is still, today, this very minute with a 67 percent increase in year iver year homes on the market...... Still a sellers market.
Illinois is reported one of the hottest real estate markets in the US this year. Yet, a person bought a home in Florida, Noth Carolina, South Carolina, Texas, Arizona, Utah, etc ten years ago, they doubled their money, yet Illinois homeowners didn't even keep up with inflation in their home prices over the past decade.
One needs to look at trends. The trend is without question people, and more importantly major businesses, are steadily fleeing the upper Midwest and northeast for the South, southeast, southwest, and mountain West.
Other than Ohio, on a macro basis almost every new major manufacturing, industry, and global organization headquarters in the past 20 years has been moved, or established in the Southeast , and Southwest. Yes, a handful on a micro basis in the upper Midwest and Northeast, but on a macro basis all charts universally and accurately point to southeast and southwest is the future for American business growth.