finance

A record 6.7% of US homes listed for sale experienced price drops over the last 4 weeks.

This exceeded the 4.7% and 5.6% readings seen in the weakest 4-week periods of 2023 and 2022!

🇧🇷🇺🇸 - Book: Making Things Think: https://holloway.com/mtt Investor in Wander, Carry, Footprint, Merkle Manufactory (Farcaster), Dynamic, Paragraph

Is this a real record? I only see a 4-year period on the graph.

The timing is weird. Idk if we should line this to the recent crypto pump. But 4 weeks is before the recent pump

5 $degen

Also seeing that new construction is running cheaper than existing home sales.

the main narrative is that prices will crash. just spent the weekend looking at houses in Raleigh, and nope prices are going up there. 

the growth isn't sustainable so there will be losers. maybe places like Austin, but desirable places will still see a strong market

plus rates are on their way down

They are pivoting to crypto. About time they realize