Housing Prices Are PLUMMETING In These Cities

Believe it or not, you can find cities in the United States that have real estate prices that are dropping. I know it sounds like a fantasy but it's true. In this video, I will show you 9 cities in the US where you can buy a home today cheaper than you could 3 years ago.

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[percygoals]

In my opinion, a housing market crash is imminent due to the high number of individuals who purchased homes above the asking price despite the low interest rates. These buyers find themselves in precarious situations as housing prices decline, leaving them without any equity. If they become unable to afford their homes, foreclosure becomes a likely outcome. Even attempting to sell would not yield any profits. This scenario is expected to impact a significant number of people, particularly in light of the anticipated surge in layoffs and the rapid increase in the cost of living.

[CoretteLecuyeer]

When I bought my first home in the early 90s, mortgage rates were typically between 8 and 10 percent. Market players now need to understand that the historically low 3% rates might not come again. Many in the industry agree that if sellers are forced to list their properties, market forces will probably push prices lower, resulting in lower values.

[nawwk]

Property Prices Are Falling!!
From average house price from a sky high $500, 000 to a rock bottom $499, 999. 🙄

[darksoul]

These properties were never worth the prices that they were asking, the bubble is bursting, it's going to happen in a lot of other places too before it's over.

[amuseme]

Ft Myers went from 342K to 371k that's an increase

[ChitwoodMitwood]

When I did not own a home, the prices were too high. When I do own a home, the prices are too low

[lechatbotte.]

There’s a difference in what buyers think their house is worth and what it will actually sell for.

[ryojicute]

In my opinion<, according to what I heard in my college macroeconomics class, the reason why lower inflation would hurt the middle class is because, in order for the FED to lower inflation, they have to raise rates, lowering debt, which lowers demand. Any lower prices would be from a decline in demand. If they just get rid of all the money that they printed, reversing our inflation and bringing prices to how they were, our economy would likely collapse overnight. That's why historically, the FED dropping inflation by a percent has had a 2-3 percent decrease in GDP. But the recent surge in demand from inflation is only temporary, as people will eventually adjust and cut back on spending, which we are starting to see. The FED has backed itself into a corner.

[madamcjwalker]

I bought a condo January 2025 at fair market value that has gone up $52, 000 in less than 3 months. It’s better to buy the worst house in a good neighborhood than the best house in a bad neighborhood.

[RedElephantPolitics]

Yes! Let's goo Austin! Thank you, Briggs for doing these! Helps me know what is going on in each city!

[J-ROD-su]

People realized that Austin is just like any other big city. Except no mountains, no beach, no NBA, NHL, MLB, or NFL team

[ericthered]

I've seen Myrtle Beech appear on your lists several times, Briggs. It isn't just overbuilding that's an issue there; it's crime. The idyllic beach location belies a high crime rate, which is something anyone should take into account if they're thinking of moving there.

[jimmbear]

I live in Central Florida and have been to all these places (except Birmingham) so i totally understand why real estate prices are dropping. Here are my thoughts on why unsurprisingly prices are dropping in these areas.

Myrtle Beach: This place always seemed like a crummy copy of Florida. Beaches are not as nice, theme parks/attractions not as good, plus you pay state income tax so I never understood why this place would be popular.

Memphis: High crime undesirable city/location. This along with Birmingham would be my last choice of places on this list.

Jacksonville: I used to work inspecting apartment buildings all over Florida and Georgia and Jacksonville was my least favorite place to go in FL or GA. It just seemed sprawling, depressing, not the safest, and unappealing.

San Antonio: Not horrible just overpriced and overrated. The Riverwalk is one of the most overrated touristy areas in the U.S.

Denver: I like to visit Denver but the high elevation, bitter cold winters, coupled with real estate prices that went much higher than they should have makes this not a surprise.

Fort Myers: How this got so popular and when prices soared surprised me as there really isn’t there. After a couple nights in a beachfront hotel, I’m already bored by the flat land and views of the gulf. Plus good luck getting homeowners insurance it’s more expensive here than pretty much anywhere else.

New Orleans: This city always makes me sad as it has such great culture, restaurants, history but always has a ton of issues that it never seems able to overcome.

Austin: This place was awesome 15-20 years ago but overdevelopment, crowding, and high prices have done it in.

[BleuBufurd]

Prices will start to go down in the majority of the us, it’s just a matter of time. Huge bubble we’re in and it’s gotta start somewhere

[haroldbirge]

Damn🐶 I want to go back to the 80s I need a 🍀 Time Machine 😎👍

[nogames]

It seems like the prices were artificially inflated for quite a while and so everything got overpriced. So now that the prices are going down, that’s probably a good thing.

[timmcpeck]

Even with the drop some of these cities are still way overpriced.

[thedousehousewatercolorexp]

People complaining about how they cant afford a home. Same people have 8 year loans on 90k trucks.

[crazyelf]

Always do your research before moving and carefully get a home inspected before buying. Otherwise you will face a very expensive mistake.

[CharlieNelson]

The housing market is inflated and oversaturated with homes being on the market with astronomical price tags just stagnant for months. It is very clear that or generation will be likely one of the most devastating bubble pops in modern history. Seeking best possible ways to grow 250k into $1m+ and get a good house for retirement, I'm 56.