BREAKING: US home values saw month-over-month declines in 61% of US counties in April, the most since 2022.
This percentage has TRIPLED over the last few months, according to Reventure.
Outside of 2022, such an elevated share was last seen in the 2007-2010 period.
However,… pic.twitter.com/I8rwexJdVd
— The Kobeissi Letter (@KobeissiLetter) June 4, 2025
"The economy is slowing down. Housing is a leading sector of the economy, and homebuilders have significantly underperformed the broader stock market. Homebuilders barely bounced while the broader stock market bounced."@SubuTrade pic.twitter.com/GOetYL5CZJ
— Daily Chartbook (@dailychartbook) June 5, 2025
Hello police?
I'd like to report a murder of the Bay Area housing market pic.twitter.com/3jPQplQS92
— Darth Powell (@VladTheInflator) June 4, 2025
"Desperation is setting in for condo owners in Florida," per WSJ
— unusual_whales (@unusual_whales) June 4, 2025
Top 5 reasons for our housing bubble IMO:
1. Ultra Low Interest Rates
2. Greed
3. Social Media Amplification
4. Money Printing
5. Mortgage Fraud
— Jon Flynn 🏠🔫⛵️🍁🐕🥩💾 (@JonFlynnREstats) June 4, 2025
The housing market is showing signs of deep distress. Home values declined in 61 percent of US counties in April, marking the largest monthly drop since 2022. The percentage of counties experiencing price declines has tripled in recent months, according to Reventure, signaling a widening correction.
The inventory surge is undeniable. The number of homes on the market is 2.5 times higher than in 2022, creating the largest gap between sellers and buyers in over a decade. The imbalance is stark—33.7 percent more sellers than buyers, leaving homeowners scrambling to attract offers.
Mortgage applications tell the real story. The latest data from the Mortgage Bankers Association shows a 39 percent collapse in purchase applications compared to 2019, confirming that buyer demand has evaporated. Mortgage applications are a leading indicator of housing activity, meaning pending and closed sales will likely follow the downward trend.
The affordability crisis is reaching its peak. Home prices spiked by 50 percent or more in many markets between 2020 and mid-2022, pushing buyers to the sidelines. Demand destruction is now setting in, a fundamental economic principle that occurs when prices rise beyond what consumers can afford.
The labor market is showing cracks. The latest ADP job data suggests that employment resilience is fading, which could accelerate the housing downturn. Homebuilders have significantly underperformed the broader stock market, struggling to sell new homes amid rising inventory and declining demand.
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