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US Home Prices Hit Record High

Rogue Valley

Lead or get out of the way
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6.21.25
House prices in the United States have hit a record high, according to real estate company Redfin. The median U.S. home-sale price reached a new record of $396,500 during the four weeks ending June 15, according to a report from real estate brokerage Redfin. This is a 1 percent increase compared to the same time last year, even though overall activity in the housing market remains low. Home-sale prices usually peak in June or July, but this year's market is much less competitive than in recent years, Redfin says. The total number of homes for sale has increased 14.5 percent from a year ago, and new listings are up 4.4 percent. However, demand is falling: pending sales are down 1.5 percent compared to last year, and mortgage-purchase applications dropped 3 percent just last week. Meanwhile, the median monthly housing payment is close to record levels, only $53 less than its highest ever, showing that many buyers still face big challenges affording a home.

Instead of addressing significant housing problems here at home, Trump is busy warmongering on Iran to help his buddy Netanyahu.

Huring the construction industry are ICE immigrant deportations, and Trump tariffs that affect the prices of Canadian lumber, copper, gypsum, aluminum, iron and steel.

Trump’s First 100 Days in Office Deliver Little Progress on Solving the Housing Crisis
 
But Byron Daniels tells me that if congress just passes more crypto scam bills, Americans will have access to housing or something.
 



Instead of addressing significant housing problems here at home, Trump is busy warmongering on Iran to help his buddy Netanyahu.

Huring the construction industry are ICE immigrant deportations, and Trump tariffs that affect the prices of Canadian lumber, copper, gypsum, aluminum, iron and steel.

Trump’s First 100 Days in Office Deliver Little Progress on Solving the Housing Crisis
I was reading they are dropping quite a bit in Florida. Move in before hurricane season!
 
This will probably change in time. Inventories appear to be piling up, which often means...recession.

 
I was reading they are dropping quite a bit in Florida. Move in before hurricane season!

Real estate is local/regional, not national. Inventories are increasing, and Florida's likely a bellwether state.

My hunch? The next recession has gotten underway.
 
Real estate is local/regional, not national. Inventories are increasing, and Florida's likely a bellwether state.

My hunch? The next recession has gotten underway.
Maybe. But with their recent rulings on making sure condos are up to snuff and increased insurance rates along with increased climate issues I think they are more vulnerable after the covid surge. Nice place to visit, a little different actually living there.
 
Structural insurance costs are becoming prohibitive in Florida.

Plus, government infrastructure/financial assistence after any future hurricanes will be paltry after Trump/Musk gutted FEMA and the National Weather Service.
 



Instead of addressing significant housing problems here at home, Trump is busy warmongering on Iran to help his buddy Netanyahu.

Huring the construction industry are ICE immigrant deportations, and Trump tariffs that affect the prices of Canadian lumber, copper, gypsum, aluminum, iron and steel.

Trump’s First 100 Days in Office Deliver Little Progress on Solving the Housing Crisis
Time to cut down the forests so the government can provide more housing because we all know how much republicans care about their neighbors.
 



Instead of addressing significant housing problems here at home, Trump is busy warmongering on Iran to help his buddy Netanyahu.

Huring the construction industry are ICE immigrant deportations, and Trump tariffs that affect the prices of Canadian lumber, copper, gypsum, aluminum, iron and steel.

Trump’s First 100 Days in Office Deliver Little Progress on Solving the Housing Crisis
I also hear talk of giving Gaza five hundred million for humanitarian aid, while trying their best to cut food stamps of their own constituents.
 
The US housing market.

Something else Trump promised to fix and hasen't.
 
Something I’m noticing here in NJ is that houses are being priced in a way that encourages bidding wars - and slightly below comps.

That’s a change from the past couple years where comps seemed to be the “base” for how homes were priced.
 



Instead of addressing significant housing problems here at home, Trump is busy warmongering on Iran to help his buddy Netanyahu.

Huring the construction industry are ICE immigrant deportations, and Trump tariffs that affect the prices of Canadian lumber, copper, gypsum, aluminum, iron and steel.

Trump’s First 100 Days in Office Deliver Little Progress on Solving the Housing Crisis
I truly believe affordable housing shortage, would have been the winning issue for either side in 2024 and will stay the winning issue. Instead we got all caught up on the price of eggs, protecting democracy, abortion and which dementia patient was worse. .

This issue is very complicated to solve with lots of moving parts, but the party that can sell the voters the idea that their plan will increase low income housing units in cities to get the homeless off the streets and cut back on home prices/mortagages and skyrocketing rents so that working Americans can afford to live where they need to live, will be the party that wins elections.

Harris had a plan, but nobody was really talking about the plan, because we all decided this was the abortion rights election and the' protect Democracy election' and we were wrong.
 
I was reading they are dropping quite a bit in Florida. Move in before hurricane season!
No one can afford to buy a home in Florida with mortgages at 7%. There are nearly 200,000 homes on the market here.

US-existing-Florida-2025-05-03-Florida-2048x1576.png
 
I truly believe affordable housing shortage, would have been the winning issue for either side in 2024 and will stay the winning issue. Instead we got all caught up on the price of eggs, protecting democracy, abortion and which dementia patient was worse. .

This issue is very complicated to solve with lots of moving parts, but the party that can sell the voters the idea that their plan will increase low income housing units in cities to get the homeless off the streets and cut back on home prices/mortagages and skyrocketing rents so that working Americans can afford to live where they need to live, will be the party that wins elections.

Harris had a plan, but nobody was really talking about the plan, because we all decided this was the abortion rights election and the' protect Democracy election' and we were wrong.
LOL You forgot that men competing in women's sports was destroying our nation and that was what got Trump elected.... 🤣 🤣 🤣
 
No one can afford to buy a home in Florida with mortgages at 7%. There are nearly 200,000 homes on the market here.

US-existing-Florida-2025-05-03-Florida-2048x1576.png
7% is not that terrible. Only compared to the extremely low rates of the past decade or so. My parents had a mortgage well over 10%.
 



Instead of addressing significant housing problems here at home, Trump is busy warmongering on Iran to help his buddy Netanyahu.

Huring the construction industry are ICE immigrant deportations, and Trump tariffs that affect the prices of Canadian lumber, copper, gypsum, aluminum, iron and steel.

Trump’s First 100 Days in Office Deliver Little Progress on Solving the Housing Crisis
Actually, house prices are down 6% from the actual record highs set 2½ years ago.

Screenshot_20250622_193025_Samsung Internet.webp
 
7% is not that terrible. Only compared to the extremely low rates of the past decade or so. My parents had a mortgage well over 10%.
This is not your parents economy and we are coming out of a period with record low mortgage rates too. The 80's had 15% rates and that was also disastrous for home sales.
 
Actually, house prices are down 6% from the actual record highs set 2½ years ago.

View attachment 67576154
And they will keep coming down as long as mortgage rates are high. It still will not boost sales by much. I would bet that most sales today are by hedge funds and speculators paying cash.
 
LOL You forgot that men competing in women's sports was destroying our nation and that was what got Trump elected.... 🤣 🤣 🤣
Again a silly ridiculous issue took time away from some serious American concerns. Haitians in Springfield Ohio were catching and eating pet cats. At least Harris and Trump spent time on that issue in their debate. ;)
 
Historically, interest rates aren't that high at all. If you're a first time buyer, buy. Don't worry about rates. If/when they come down you can re-fi.
 



Instead of addressing significant housing problems here at home, Trump is busy warmongering on Iran to help his buddy Netanyahu.

Huring the construction industry are ICE immigrant deportations, and Trump tariffs that affect the prices of Canadian lumber, copper, gypsum, aluminum, iron and steel.

Trump’s First 100 Days in Office Deliver Little Progress on Solving the Housing Crisis
That's real funny, cuz I live both sides of the Sierras, girlfriend on Ca. side, a real shithole. Here's how shit works. Ca. is for sale, and they're selling out their citizens in favor of foreigners and Companies with big bucks. It's just that simple, evidence everywhere, including the exodus and buying here, in Nevada. My plot is highly desirable, and expensive, and on the rare occasion a local does come up for sale, it's Ca. every time, my three fence lines included, they got so much money to blow, unreal, landscapes as much as 600K, pools, RV garages etc. Big $ would gut the interior, I'd be a fool to spend a dime beyond maint, they'd pay me the same either way. I paid 236K in 2001. To get what I got today runs 1M+, and that's before considering the area, but where the fks else am I supposed to live, and hard to walk away from the yard I built, for starts, everything as I want it, and peaceful.

Plus I have kids, they have to pay these ridiculous prices, but buying beats the **** out of rent today, wow, 2k plus a month for a new apt. I get on their ash about buying, rent is a waste; I have $ when they bring skin into the game. Stuff's changed man, I bought my 1st place with 3-4 years hard savings at 22 yrs., 65K home, $6 an hour, all the hard way, high as **** interest rates (1984). Tech. uncle made a phone call, I didn't qualify despite having 15% down☺, until I did........That place runs perhaps 400K today. Mortgage insurance is a huge expense today, what a ripoff - 20% in or nothing IMO, so 80K plus another five to purchase my first home, today at a reasonable $1900-2K a month after tax write-off.

And don't be silly, with the world population expansion, especially here - anyone on Earth can buy USA. LOL at Trump's fault. If anything it's congress who needs to act, but what would you expect them to do, especially with Fks like Gavin who dances while his State is burning? He was already marketing the place for foreign and domestic trillionaires. My gal's mom just sold her 3.3M piece of Ca. to an Egyptian☺ It's like another world in Ca., most in my gal's neighborhood are non-"white", and are primarily immigrants. Asians will eventually own a great portion. Yep, they got lots of money too, pools, yadda yadda, Ca. pretty well sucks unless lost in gods country, and a beautiful ocean you probably can't afford.
 
And they will keep coming down as long as mortgage rates are high.

They're not coming down, and if interest rates drop, demand will increase, and prices will rise further.

 
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