Access real estate data on Reventure App for free: https://www.beta.reventure.app/dashboard
This drop in list price is likely the first of many price cuts to come for homebuyers over the rest of 2023, as homebuyer demand in the Housing Market is absolutely tanking right now, with mortgage applications plummeting to the lowest level in 28 years.
I believe many people got tricked into thinking the Housing Market was “recovering” due to prices going up in the spring. But this recovery was simply normal seasonality. And now that we’re shifting to the late summer and fall, prices will drop as they normally due.
Particularly across states like Texas, Tennessee, and Florida – these are the real estate markets where sellers are cutting the price the most, to go along with the biggest increases in inventory and days on the market.
We could also see a liquidation come from real estate investors, many of whom purchased at high prices and low yields during the pandemic.
REVENTURE APP: https://www.beta.reventure.app/dashboard
JOIN as a CHANNEL MEMBER ($5/Month): https://www.youtube.com/channel/UCVTQunGrE3p7Oq8Owao5y_Q/join
DISCLAIMER: This video content is intended only for informational, educational, and entertainment purposes. Neither Reventure Consulting or Nicholas Gerli are registered financial advisors. Your use of Reventure Consulting’s YouTube channel and your reliance on any information on the channel is solely at your own risk. Moreover, the use of the Internet (including, but not limited to, YouTube, E-Mail, and Instagram) for communications with Reventure Consulting does not establish a formal business relationship.
Image(s) and/or Footage used under license from Shutterstock.com. https://www.shutterstock.com/
Additional stock footage provided by Envato Elements. https://elements.envato.com/