The housing bubble has definitely popped in the South and Mountain West. Midwest and Northeast likely a slower unwind. The institutionals are trying to quietly offload properties.
……..and almost no demand at these prices… pic.twitter.com/uzqEYs3ybc — Saw Chuck (@Saw_Chuck2023) December 18, 2024 Distressed sellers inbound. They keep droping the rates on these townhomes. 2.99% interest rates. I drive by it every day and I don't see cars. They also stopped building at the halfway point. Apartments all around this area with banners, …