Mortgage Defaults Return to Pre‑pandemic Levels, Boosting Inventory
Mortgage defaults in the U.S. are now back to pre-pandemic levels. In Q4 2025, 4.3% of mortgage holders were in default, a level slightly higher than 2019 figures. This return to normalcy in mortgage defaults is actually good news, as it means more inventory will be hitting the market. Of course - we're still well below the 2009 and pandemic peak for mortgage defaults. (when 8-10% of borrowers were in default). I don't think we'll hit those highs again in mortgage defaults. However, it's reasonable to expect mortgage defaults will keep increasing over the next several years as more and more existing owners transfer to 6%+ rates,
Housing Market Divides: West Surplus, Midwest Shortage
The housing market has split into two. In South and West states, the housing shortage is over. (inventory up to 741k listings as of March 2026, above 2019 levels). Prices are dropping and buyers have leverage in TX, FL, GA,...
Homebuyer Demand Hits Near‑record Lows; Price Cuts Needed
Reventure's homebuyer demand index remain near a 10/100 this week, resting near the lowest levels on record. Not much has changed in terms of homebuyer demand over the last several months, even with the start to the war. This week, mortgage apps...
Buyers Stay Out Until Affordability Drops Below 30%
When will homebuyers return to the U.S. Housing Market? When affordability hits the yellow line. Currently, the Mortgage Payment/Income Ratio is 36.5%, near the highest level on record, and comparable to the 2006 housing bubble. The long-term average is 30%, and it...
Rising Mortgage Rates Signal Upcoming Home Price Decline
With each passing day, the mortgage rate lock-in effect fades. Nearly 22% of mortgage holders now have a rate above 6%. Which is more than the share with a rate below 3%. Ultra-low-rate owners are slowly getting replaced with 6%+ owners. Meaning...
Florida Rents Plunge 25%, Renters Regain Leverage
Rental market deflation is spreading across Florida. In a metro like Cape Coral, apartment rents have been cut 25%. From a high of $1,695/month in 2022 peak down to $1,272/month. That's almost back to pre-pandemic norms (within 12%), and a signal that renters...
Tampa Bay Vacancy Hits 8.7%, Sparking Vertical Growth
What's going on in the Tampa Bay area? Apartment vacancies just spiked to 8.7%. Haven't seen anything like this in 10+ years. They're going vertical. https://t.co/EXZxZsIT13
Tampa Records First Net Outflow in 40 Years
Tampa, FL just hit its lowest migration level on record. A net 1,539 people left Tampa's metro area in 2025 - the first decline ever recorded going back four decades. Worse yet - birth rates are plummeting, and the area now...
Sky‑high Home Prices, Not Rates, Suppress Demand
The mainstream media is writing articles about how higher mortgage rates/the war are killing the "housing recovery". But that's wrong. Homebuyer demand remains near its lowest levels on record, and has not improved at all over the last 4 years. This has nothing...
Corporate Housing Investment Ends as Cap Rates Match Bonds
The era of corporate investment in the U.S. Housing Market is ending - potentially forever. And not just because of the investor bans. But because of the relationship of interest rates to Cap Rates, otherwise known as investor returns. From 2008-2022,...
Housing Demand Now Driven by Prices, Not Rates
Mortgage rates have spiked in the last 3 weeks. But it won't matter for the housing market. Mortgage rates stopped being the driver of demand 3-4 years ago. Whether mortgage rates are 6.5%, or 6.0%, makes no categorical difference on demand right now. The...
Miami's Rent Growth Turns Negative Amid Mass Exodus
Large market with the worst single-family rent growth in the U.S. entering 2026? Miami Wouldn't have guessed that from the headlines about Zuckerberg and Palantir. While billionaires are moving in, local residents are moving out. Rents are up 50% in Miami from...
Housing Demand Hinges on Prices, Not Mortgage Rates
The thing everyone gets wrong in the housing market is they think it's about mortgage rates. When it's actually about prices. Buyer demand is at record lows because prices (inflation-adjusted) are at record highs. No one wants to buy a house they know...
Rent Prices Plunge Nationwide, Boosting Tenants and Buyers
Rental market deflation is spreading across the U.S. Austin is down 22% from peak. Fort Myers is down 19% Denver is -13% Atlanta is -11% Nashville is -11% Dallas is -11% Landlords are doing big rent cuts across the Sun Belt and West. In some cases, they're...
Builder Surplus Signals Coming Resale Slowdown, Owners Cling
One of the more interesting things in the housing market right now is the divergence between Builders and existing owners. Builders are now near 9 months of supply (heavy correction / near crash level) But existing owners are at only 4...
Atlanta Condo Hits 22% Loss, $1,750 Monthly Deal
Some crazy deals are popping up on condos. On this listing, seller in ATL is taking a 22% loss from their 2023 purchase. Current list of $229k almost back to pre-pandemic valuation. A mortgaged buyer can buy at all-in cost of $1,750/month,...
Find Mega Real Estate Deals Amid Market Declines
Just bought a property 100k off 2021 sale price. Move-in ready. The market is crashing in certain areas. Mega deals if you know where to look and how to negotiate.
Homebuyer Demand Index Slightly Up, Still Near Historic Lows
Reventure's homebuyer demand index inched up this week to a 9/100. This index tracks pending sales, mortgage apps, internet searches for real estate, and buyer sentiment. A "normal" reading on the index is 50, a level which we saw before the pandemic. Note...
U.S. Home Sales Hit 2009 Low; Buyers on Historic Strike
Home sales just dropped to the lowest level since 2009. Down 35% from pandemic peak, and by 25% from pre-pandemic norms. This was the 2nd-worst February reading in the last 30 years. Traditional news outlets tried to claim there was...
Florida Metros See Home Values Decline Across the Board
Every major metro area in Florida has experienced declining home values in the last year. Orlando, Tampa, Jacksonville, Lakeland, Naples. Now even Miami is getting in on the action. Demand and sales volume continue rest at the lowest level in nearly 15 years....
Zillow Predicts Near‑flat Rent Growth, Easing Inflation Pressure
Zillow just updated their 2026-27 rental market forecast. They're projecting single-family rent growth at only +1.1% in 2026, and +0.5% in 2027. With multifamily rents dropping -0.2% and -1.5%. They also project CPI rent growth to fall to ~1.0% by early 2027, which...
Remote Part-Time Marketing Copywriter Needed for Real Estate Emails
Reventure is hiring a marketing and copywriter to run our email campaigns and blog. The right candidate will have knowledge of marketing, A/B testing, CTR maximization, and conversion strategy. We’re looking for someone who can own the process end to end....
Austin Hits Record Low Rent-to-Income Ratio
It's actually never been cheaper to rent in Austin, TX. The Rent/Income ratio across the metro has dropped to 18.3% - the lowest on record (going back at least 20 years). Landlords are aggressively cutting rents at a time when incomes in...
Vegas Vacancy Rate Hits 10‑Year High, Rents Plummet
Las Vegas apartment vacancies are spiking. And landlords are not happy. 7.6% of Vegas apartments are now sitting vacant, the highest level in nearly 10 years. (Triple the pandemic low of 2.4%). 4 years ago, rents were soaring, and there was no availability. Now...
Atlanta Condos Plunge 25%, Buyers Find Bargains
Atlanta condo down 25% from peak value. Seller taking $40k loss. And now listed at pre-pandemic pricing. The condo market in many cities is getting smoked right now. (with some decent buying opportunities starting to show up). In this case - the HOA fee is...
Homebuyer Demand Hits Record Low, Price Cuts Needed
Reventure's Homebuyer Demand Index just updated for the first week of March. The monthly reading stayed at 6/100. The 3-month rolling average dropped to 8/100. 50 is "normal". Note that during the last crash, the index never dropped below 29/100. Indicating just...
Rent Cuts Trigger Nationwide Landlord Sell‑offs
Investors are selling properties after months of cutting rent. And it's happening all over the U.S. The owner here is a Wall Streeet Landlord. They purchased for 195k in 2012 and have rented it out ever since. And rent has gone...
San Francisco Housing Poised for 3% Rise, Undervalued
Something is going on in San Francisco's housing market. Inventory just dropped 38% yoy and is now at the lowest level in 6 years. Demand is rising. And rents are surging. This market got hammered during the pandemic, with prices in some ZIP...
Corporate Investors Sell, Mortgage Beats Rent, Prices Rise
I'm seeing more and investors selling houses as I travel across the U.S. Housing Market. This one is located south of Atlanta. Corporate investor bought it for $226k in 2021. Tried renting it around $2,000 in 2022. And is now selling at $255k...
Florida Home Hits 1% Rule After 50% Price Drop
Some properties in Florida are actually starting to look semi-affordable. On this house - 50% correction from peak, and down 7% in last 10 years. $263,000 zestimate. (sold for 295k in 2024) $2,519 rental value. Actually hits the 1% rule. https://t.co/d1gJnTvJub
DR Horton Sells Atlanta Home at 26% Discount
This house, south of Atlanta, is priced at an astounding $120 PSF. 5 bedroom, 5 bath, 3,500 SF. DR Horton is the builder, and they're selling this at 26% discount to the industry cost for new construction ($162 PSF, per NAHB)....
Mortgage Demand Hits 10‑month Low, Biggest Homebuyer Strike
Mortgage demand to buy houses just plummeted to its lowest level in 10 months. The MBA mortgage purchase index is now at 150. 57% crash from pandemic peak. 40% drop from 2018-2019 levels. It's the biggest homebuyer strike ever. https://t.co/FVB0HYY4bc
House Touring Rebounds but Remains at Five‑year Low
House touring is starting to recover after its abysmal start to 2026. But still at its lowest level in 5 years. https://t.co/MDoX4iIabJ