Top 10 Cities where home prices will crash in 2024

This inventory surge is the prelude to price declines because it indicates more and more sellers, with fewer and fewer buyers. This is especially true across housing markets in Tampa, Sarasota, Lakeland, and Orlando, Florida - where homes for sale have absolutely exploded.

Moreover, many housing markets in Texas are looking very shaky. With inventory and homes for sale spiking in Dallas, Austin, as well as Houston. Be careful if you're buying in these areas.
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[ReventureConsulting]

Just as the fundamental data is saying housing markets like Florida/Texas are on the verge of crashing, if not already in one, housing market pundits are going on Fox Business and CNBC saying home prices are about to explode in these areas.

It truly is an interesting time. Make sure to arm yourself with data so you can make a more informed decision as a buyer or investor.

Track Home Value and Inventory data for free on Reventure App. And sign-up for a premium membership to access some of the data points discussed in this video, like overvaluation %, price cut %, and the Home Price Forecast score. www.reventure.app

Ultimately: buying a house or investment property is the biggest decision most people will ever make. So make sure to have a clear understanding of the trends in the market - whether they're positive or negative - before pulling the trigger.

-Nick

[HugoBergmann-lund]

Asking a real estate agent whether you should buy a home right now is like to asking an alcoholic whether they think you should have a drink lol. Homes in my neighborhood that cost around $450k in sales in 2019 are now going for $800 to $950k. Every seller in my neighborhood is currently making a $350k profit. Simply unreal. In all honesty, deflation is what we require. The only other option is for many people to go bankrupt, which would also be bad for the economy. That is the only way to return to normal.

[Riggsnic_co]

I believe the retirement crisis will get even worse. Many struggle to save due to low wages, rising prices, and exorbitant rents. With homeownership becoming unattainable for middle-class Americans, they may not have a home to rely on for retirement either.

[BrewerVera]

If anything, it's likely to get worse. Affordable housing will soon become unaffordable. Therefore, I advise taking action now because today's prices will seem like bargains tomorrow. Until the Fed takes more decisive action, I expect we will see hysteria due to rampant inflation. You can't just halfway rip the band-aid off.

[micheal_mills]

I predict a housing crash due to people buying homes over asking price, lacking equity if prices decline further. Foreclosure becomes likely if they can't afford the house, and selling won't yield profits. With anticipated layoffs and rising living costs, many individuals may face this situation.

[ChristopherAbelman]

Purchasing a home is already a very difficult thing to do, unless you pay cash or don’t get a loan from the government. If only my minimum monthly house payment, over the course of 30 years I’ll pay more than double what my home is worth. I purchased before things got crazy so I got a good interest rate. I couldn’t imagine trying to rent or buy right now.

[Peterl]

In the USA, individuals living in cars due to partial homelessness result from a complex interplay of factors. High housing costs relative to income, stagnant wages, and income inequality drive this issue. Job loss, weak social support, medical expenses, evictions, and lack of affordable housing also contribute, while systemic problems and inadequate policies further perpetuate the phenomenon.

[hersdera]

I think it's time to make it more appealing for potential buyers. Real estate can be quite the rollercoaster! the stress and uncertainty are getting to me. I think I'll cut rents to attract potential buyers and exit the market, but i'm at crossroads if to allocate the entire $680k liquidity value to my stock portfolio?

[Joesire]

People are not waiting for interest rates to go down, we're waiting for the crash

[chris-pjrk]

Every crash/collapse brings with it an equivalent market chance if you are early informed and equipped, I've seen folks amass up to $1m amid crisis, and even pull it off easily in a favourable economy. Unequivocally, the bubble/collapse is getting somebody somewhere rich.

[albacusBC]

fear a housing crash due to people buying homes above asking prices with little equity. If prices drop, affordability and potential foreclosures may arise, worsened by future layoffs and rising living costs. I want to invest more than $300k, but I'm not sure on how to mitigate risk.

[jameswood]

"It all comes down to interest rates. As an investor, all you're doing is putting up a lump-sump payment for a future cash flow."

[EduardoHernandez-psvz]

I do not believe Barbara, remember she has inventory to sell.

[blaakrose]

Most people are not going to rush out and buy houses. Job loses, inflation, high interest rates, higher property taxes and higher homeowners insurance will keep people from buying a home. Only those who truly need to buy will. Just like dodge dealers are selling at invoice and under and still can't sell vehicles, is the same for home sales.

[shanemcd]

This guy has been calling a housing crash for years… eventually he’ll be right 🙄

[Hitori]

A mortgage payment at $765, 000 loan @ 5% is a smaller payment than a 665, 000 @ 7%. Do the math and don’t let them distract you

[liviyatulbya]

Nick, our man, thank you!
We listened to you and sold in SC in 2022.
Now, the same house, same neighborhood sold 28% less

[scott]

Barbara at the end of the day is a realtor...enough said

[rjc]

Hi Reventure Dude!

On Zillow, it’s showing a total inventory of 173, 253 homes for sale in the state of Florida.

165, 535 listed by an agent
7, 718 listed by owner

I have been tracking the increase since Sept 2023 and since then it’s up 34.45%.

3 years ago this month, in Florida 1572 homes were sold per day on average.

2 years ago this month, in Florida 1403 homes were sold per day on average.

1 years ago this month, in Florida 1344 homes were sold per day on average.

6 months ago, in Florida 1211 homes were sold per day on average.

Within the last 3 months, in Florida 1291 homes were sold per day on average.

Within the last month, in Florida 1291 homes were sold per day on average.

Within the last 14 days, in Florida 1161 homes were sold per day on average.

Within the last 7 days, in Florida 780 homes were sold per day on average.

Buying has halted over 50% since 2021 and inventory is extremely higher since then. The numbers have all the makings for a nice correction of at least 20%.

💪💪💪

[Evelyn]

With around £120k invested in Tsla stocks, any suggestions for additional stocks to diversify across various markets? Looking for a well-rounded portfolio that balances risk aversion with returns meeting yearly inflation concerns.