The U.S. housing market just broke 1,000,000 listings.
Excess inventory is piling up. Relative to buyer demand, we now have the highest inventory in close to a decade. Which is causing home prices to drop in over half the U.S. Source: Nick Gerli @nickgerli1
The U.S. Housing Market Has Nearly 500,000 More Sellers Than Buyers—the Most on Record.
That Will Likely Cause Home Prices to Fall - Redfin thru C.Barraud on X
For the first time in more than 2 years, home prices saw a monthly decline (March)
Source: zerohedge
In the us, Home buying conditions have collapsed to levels NEVER seen in 65 years
Source: Bravos Research
Shocking stat of the day: Not a single major US government agency is occupying even 50% of their office space.
As a result, the Trump Administration is reportedly considering selling TWO-THIRDS of US government office buildings, per WSJ. This comes at a time when office building prices have already fallen 30%+ from their highs. A mass liquidation of US government office buildings would flood the already weak commercial real estate sector with more supply... Source: The Kobeissi Letter
Spain proposes 100% tax on property purchases for non-EU buyers.
Spain is planning to impose a 100 per cent tax on real estate purchases for buyers from non-EU countries such as the UK in a bid to improve housing affordability by deterring foreign purchases. Prime Minister Pedro Sánchez announced the plan for the punitive property tax, which would apply to non-EU citizens who are not residents of the bloc, as part of a raft of measures aimed at tackling a “grave” housing crisis. Spain is one of many European countries where public anger is mounting over the difficulty of finding affordable housing to buy or rent as property prices soar and new construction lags far behind demand. Source: FT
The value of a home in America since 1924.
Real estate is one way to protect your wealth against money debasement Source chart: re-venture
BREAKING 🚨: China
The Chinese Property Market has seen a total loss of $18 Trillion over the past 3 years, surpassing the losses suffered by the U.S. during the Global Financial Crisis. Source: Barchart
