July 2025 Housing Market Update: A New "Correction" Begins

The real estate correction is here, but is a crash coming next? New data suggests sellers are getting increasingly frustrated as their houses sit—and they’ve finally had enough. Buyers are ready to pounce on lower-priced homes, but can they actually afford them? If you’re investing in real estate, is now the best time in a long time to fight for a price cut or seller concession? We’re back with our monthly housing market update, sharing our supply, demand, and home price predictions. Inventory is growing—fast. We’re up double-digit percentage points year-over-year. But buyers are starting to catch on, getting back into the market. So, if we’ve got supply and demand, why are home prices falling—and could they fall even more? With so many homes on the market, are we on a crash course? What’s stopping us from seeing double-digit home price declines in the most oversupplied markets? We’re halfway through 2025, with a much better outlook on what’s to come. Dave is giving a full update in today’s episode on home prices, new listings, buyer demand, and the likelihood that this correction goes even deeper, becoming a full-fledged housing market crash. In This Episode We Cover Why sellers are quitting the housing market even as buyer demand grows  The key metric that proves you can get price cuts in 2025 (start negotiating!) The worrying trend for home prices that could foreshadow even more declines  One sector of real estate that is seeing massive distress (and foreclosure problems)  Markets with the best and worst home price trends (markets to target?) And So Much More! Check out more resources from this show on ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠BiggerPockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ and ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.biggerpockets.com/blog/real-estate-1149 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠[e-mail]⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Learn more about your ad choices. Visit megaphone.fm/adchoices