US housing market activity is rapidly slowing down
In July, the typical home sat on the market for 43 days, the slowest July pace in 10 years. By comparison, it was just 16 days in July 2021. Additionally, pending home sales fell -1.1% MoM, to their lowest since November 2023. Despite this, prices are still rising, with the median home sales price up +1.4% YoY, to a record July high of $443,867. Many homeowners are choosing to rent or delay selling rather than accept lower offers, further limiting supply. The housing market is stalling. Source: The Kobeissi Letter
US housing affordability has NEVER been worse:
House prices have outpaced median income growth over the last 40 years. Median house price is now 5.3 TIMES larger than the annual median US income. By comparison, in the 1980s, the difference was 3.6x. Source: Global Markets Investor, Statista
PRESIDENT TRUMP JUST SAID:
- WE ARE THINKING ABOUT NO TAXES ON CAPITAL GAINS ON HOUSES Source: Evan
The UAE is tokenizing almost all of its real estate.
Dubai Land Department has signed an agreement with Crypto.com to develop procedures that support digital real estate transactions, enabling investors to buy and sell property using digital currencies. The collaboration, which seeks to create a digital ecosystem that enables investor verification, custody, settlement and real estate tokenisation, supports the Dubai Real Estate Strategy 2033 and its Dh1 trillion ($272 billion) transaction target. Source: The National
U.S. Housing Market has reached its most unaffordable level in history 🚨🚨
Source: Barchart, re:venture
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
