US Homebuyer Demand Hits Record Low, Prices Must Drop
U.S. homebuyer demand just hit its lowest level ever for the month of March. According to NAR Pending Sales, contract signings fell yoy to an index of 73.7. This was the worst monthly reading for March ever, even lower than 2008-09 crash. Worst yet - demand proxied by contract signings is now 30% lower than pre-pandemic norms and 45% below pandemic peaks. (even though there was a modest 1.5% monthly jump from February to March, which is barely perceivable in the long-run graph) The story here is the same as it has been the last 3 years: buyers are on the largest buyer's strike in U.S. history, and it continues to get worse. With the only solution being lower prices. To see the areas where we think prices will drop most into 2027, download our app: https://t.co/pLvj026xCj
NJ's Housing Crisis Mirrors National Shortage, Prices Soar
New Jersey has one of America's biggest housing shortages - and no one is paying attention. NJ inventory levels are down 63% from pre-pandemic norms, and refuse to recover. Today there are only 14k listings on the market compared to...
Tennessee Home Prices Surge, Yet Dip Expected by 2027
Something big is happening in Tennessee's housing market right now. Listings have shot up 50% above the long-term norm. And inventory breached 30,000. (the highest in a decade) Values in markets like Nashville and Memphis have started to drift down YoY for the...
Florida Short Sales Surge, Foreclosures up 43% YoY
Over 1,000 houses in Florida now have the word 'short sale' in their listing description. Most are listed at a loss from the previous sale. Some at a $100,000+ discount. Real distress is starting to show up. According to ATTOM, foreclosures...
Mortgage Applications Plunge; Sellers Must Slash Prices
Mortgage applications to buy a house fell again. They're back down to an index level of 159, which is more than 50% below the pandemic peak in early 2021. Not only that - they're now declining year-over-year, reversing a slight positive trend...
US Housing Sales Plummet, Prices Still Out of Reach
The U.S. Housing Market is in a full-fledged depression. Existing sales in March just hit their 2nd lowest level ever for the month, behind only 2009. Not only that - sales volumes are down 25% from pre-pandemic norms and continue to...
California's Low‑Rate Mortgages Keep Prices Firm, Florida Falls
Some interesting differences are showing up in mortgage rates by state. California: 28% of mortgaged houses are at sub-3% rate Florida: 16% only before pandemic, they both were similar. But now, there's a big gap. California's sub-3% mortgage rates are one of the reasons...
Rental Inflation Hits 60‑Year Low, Dampening CPI Outlook
The thing to pay attention to in this CPI report is rent. Rental inflation reported by tenants fell to 2.6% YoY in March 2026. This is a full percentage point below the long-term average, and near one of the lowest levels in...
Help Shape Next App Features: 2026 Housing Survey
The 2026 Reventure Housing survey is live. We’re using this to decide what data to build next in our app. Click the link below to get started (it only takes 3 minutes to complete). https://t.co/Y5ks4Pprz3
Connecticut’s Listings Plummet, Prices Surge
The Biggest Housing Shortage in the U.S. is in... Connecticut. Listings are down 73% from pre-pandemic levels, and by 50% from the 10-year average. As a result, prices are up nearly 25% in the last 3 years and there are still bidding...
Washington Housing Supply Surges 64%, Prices Set to Tumble
What's going on in Washington State? housing supply is skyrocketing, now up to 17,580 listings. That's 64% above the long-term average for March. It seems like there's an exodus of sorts playing out, with metros like Seattle and Spokane spiking on supply. Home...
High‑Inventory States Face 2026‑27 Price Declines
We have some new leaders at the top of the housing inventory charts. 1. Washington: +64% inventory surplus 2. Colorado: +63% 3. Tennessee: +58% These markets have inventory levels more than 50% above the March long-term average. Interestingly enough, Florida has dropped out of the...
Pandemic‑bought Rental Now Faces $25k Loss
Seller taking a $25,000 loss on this house. They bought at pandemic peak and tried to rent it out. But the rental market turned south, rents getting cut, property taxes up. And now the owner has been trying to sell...
Florida Falls, Alabama Rises as Migration Slows Nationwide
States with the highest inbound migration in 2025. Note how Florida has fallen to the 8th on the list nominally, and only 22nd in % terms. Alabama is now higher. Even the states at the top (Texas, North Carolina) are seeing heavily...
Homebuyer Inertia Hits Record, Demand Plummets
It's starting to look like a rough spring and summer housing market. Homebuyer inertia is at record levels, and 83% of my YouTube followers are either not buying this year or only buying if prices drop 20-40%. Confirming why home...