GoKawiil
Tech News
ResiClub's latest tracking of major U.S. housing markets finds 66 metro areas now registering year-over-year or month-over-month price declines. The report ties the broader softening trend to a recent rise in long-term bond yields and mortgage rates, which has coincided with an acceleration in price weakness nationally.
Real estate agents report that American home sellers are increasingly lowering asking prices and covering thousands of dollars in buyer costs as the housing market stagnates. Many sellers who can afford to wait are pulling listings off the market entirely, while others face pressure to sweeten deals due to high mortgage rates and years of price increases. First American Financial's chief economist Mark Fleming says the market has shifted toward favoring buyers after years of seller-friendly conditions.
ResiClub published three maps tracking home price shifts across U.S. housing markets, sizing each county by its active for-sale inventory rather than land area or population. This method aims to prevent large, sparsely populated counties from skewing the visual representation of price trends. The maps are part of ResiClub's ongoing housing market newsletter coverage from Lance Lambert.
Credit rating firm Egan-Jones published a commentary titled 'It's Over,' arguing that AI capabilities have crossed a threshold enabling widespread adoption that will disrupt hourly-billed professional services and senior talent roles. The firm predicts compressed margins in professional services, lower venture capital returns, and short-term pressure on home prices as screen-based jobs are affected. It also forecasts a new business model where highly successful firms operate with very few or no employees.
ResiClub reports that home prices are moving in different directions across the nation's 50 largest metropolitan housing markets, with notable variation at the regional and local level. The report does not present a uniform national trend, instead highlighting divergence from market to market.
ResiClub's latest analysis finds 54 major housing markets across the U.S. still showing year-over-year home price drops, though that count has fallen from a year earlier. The report questions whether a recent rise in mortgage rates could halt or reverse this cooling trend.
Luxury housing prices have declined for 29 consecutive months across every high-end price tier, according to new market data. Despite the extended price slide, luxury homes are now selling faster than they did a year ago, suggesting buyer demand remains resilient even as sellers accept lower prices.
A new ranking of college towns identifies five markets where median asking home prices remain below $120,000, far under the roughly $400,000 national median. Most of these affordable areas are located in regions with harsh winters or extreme summer heat, which appears to keep demand—and prices—lower.
New housing data shows list prices falling across 36 of the 50 largest U.S. metro areas as autumn approaches, with Austin, Tampa, and Memphis registering the steepest drops. The pace and severity of price cuts vary widely by region, forcing many sellers to lower their expectations.
Homebuilders in several booming Southern housing markets have ramped up construction so aggressively that newly built homes are now priced at or below comparable existing homes. This reverses the usual pattern where new construction commands a premium over older housing stock.
An analysis by Lance Lambert's ResiClub identifies 64 major metropolitan housing markets where home prices are lower than they were a year earlier. The number of metros in decline has held roughly steady over the past year after an earlier wave of softening, even as the overall national housing market remains sluggish.