Buyers giving up?

From MarketWatch:

Bye-bye bidding wars: Housing market becomes more buyer-friendly as more sellers slash prices

Home sellers this spring have been frustrated by a slower-than-normal housing market. That could set up a summer of deals for buyers.

Housing inventory is nearing prepandemic levels, with the number of homes for sale exceeding 1 million, the highest level since winter 2019. The share of homes for sale with a price cut has increased for the last five months in a row, Realtor.com senior economist Jake Krimmel told MarketWatch. 

That means house hunters this year could end up seeing the “most buyer-friendly summer” in three years, Krimmel said.

Across the U.S., many areas are seeing a profound shift as homes increasingly languish on the market. The typical home for sale remained on the market for 38 days this May, six days longer than in May 2024, according to real-estate brokerage Redfin.

More sellers are offering discounts to buyers. Even as competition intensifies, buyer activity has dropped, said Jeremy Applebaum, an Overland Park, Kan.-based real-estate agent with Applebaum KC Homes for the Real Brokerage. He’s writing fewer offers, he told MarketWatch, and homes are sitting on the market longer. 

Real-estate agents on the seller side are telling their clients to face the uncomfortable truth: They might have to slash their asking price even deeper if they want to sell their home anytime soon. 

“Sellers still have expectations that some people call unrealistic. I call it aspirational pricing,” Jeanne Frederick, a Las Vegas-based global luxury-property specialist at Coldwell Banker, told MarketWatch.

Heather Cook, a Charlotte-based real-estate agent with the Curated Group for the Real Brokerage, agreed. “There’s an extreme disconnect between seller mentality versus reality,” she said. “Buyers are absolutely unwilling to overpay for homes, especially ones sitting on the market for over 30 days, which is not uncommon right now.”

This entry was posted in Demographics, Economics, Housing Bubble, National Real Estate. Bookmark the permalink.

87 Responses to Buyers giving up?

  1. Very Stable Genius says:

    “ Housing inventory is nearing prepandemic levels, with the number of homes for sale exceeding 1 million, the highest level since winter 2019”

    We are talking about the liberal Northeast.
    Nobody wants to live in the South for obvious reasons

  2. Very Stable Genius says:

    By the way, wasn’t the Ayatollah a Real Estate expert?

    There’s a massive shortage of affordable housing and the federal government has done nothing to address this problem

  3. Chicago says:

    Damn

  4. Chicago says:

    “Sellers still have expectations that some people call unrealistic. I call it aspirational pricing,” Jeanne Frederick, a Las Vegas-based global luxury-property specialist at Coldwell Banker, told MarketWatch.

    Aspirational pricing?
    Put a sock in it.

  5. Fast Eddie says:

    Across the U.S., many areas are seeing a profound shift as homes increasingly languish on the market.

    Not here. A house is listed, under contract within 72 hours.

  6. White Trash Eddie says:

    Nobody wants to live in the South for obvious reasons

    The Fastest-Growing Places in the U.S. in 2025-2026:

    20. Queen Creek, Arizona
    19. Katy, Texas
    18. Salt Lake City, Utah
    17. Myrtle Beach, South Carolina
    16. Port St. Lucie, Florida
    15. New Braunfels, Texas
    14. Lehi, Utah
    13. Georgetown, Texas
    12. Daytona Beach, Florida
    11. Miami Beach, Florida
    10. Bonita Springs, Florida
    9. Conroe, Texas
    8. San Marcos, Texas
    7. Zephyrhills, Florida
    6. Casa Grande, Arizona
    5. Naples, Florida
    4. Palm Desert, California
    3. Leander, Texas
    2. Hilton Head Island, South Carolina
    1. Wildwood, Florida

  7. grim says:

    Wildwood, Fl in the middle of nowhere, is that the nice place the swingers live when they don’t want to be in the Villages anymore?

  8. grim says:

    Oh noz, we lost the salt cap increase.

    Good luck passing the bloated bullshit bill.

    At least taco is comfortable with being ineffectual.

  9. Libturd says:

    Let’s see how much Trump REALLY is a friend of Israel. Probably MORE lies.

  10. grim says:

    Living in a church is too creepy.

  11. grim says:

    Blow up the nuclear sites and then let’s talk ceasefire.

  12. Juice Box says:

    All they have to do is turn over 880 lbs of Uranium and shut down their farms of Chinese-supplied centrifuges…

    Israel will keep hitting those sites until they do or they are destroyed.

    Two bombing missions last night.

    https://www.newsweek.com/israel-struck-centrifuge-sites-iran-nuclear-watchdog-2087204

  13. Fast Eddie says:

    Living in a church is too creepy.

    The original footprint is minimal. Some of the fixtures, flooring and tile work made me go wow.

  14. Juice Box says:

    News also says Israel is running low on missile interceptors. This will be the main reason for US to engage in the next few days to take out the launch sites as well as the Uranium refining. Estimates are Iran fired about 370 ballistic missiles. They may have a thousand or more left.

    10 minutes from launch in Iran to landing…Only a few very expensive missile interceptors can stop the ballistic missiles.

  15. grim says:

    Going to be interesting when Iran resorts to terroristic threats, feels like we’re just about one step away from that.

  16. grim says:

    I thought the idea was that US would supply Jordan with interceptors as an end-around.

    Hasn’t Jordan been downing Iranian equipment?

  17. Juice Box says:

    Just to point out the costs here. SM-3 and SM-6 missle interceptors fired by our Destroyers in the Med and the Red Sea cost about $5 million a piece. We have fired plenty of them over the last few days as we are assisting in shooting down the Iranian missiles. We have other interceptors on land as well.

    Arrow, Thadd, Patriot, SM-3 and SM-6 these are very expensive. Billions…

    Lockheed Martin: LMT
    Raytheon Technologies (now RTX Corporation): RTX
    Northrop Grumman: NOC
    Boeing: BA
    BAE Systems (UK): BAESY
    General Dynamics: GD
    L3Harris Technologies: LHX

  18. Juice Box says:

    grim – US Troops in Jordan man the Patrot battery deployments. Might be 1 battalion in Jordan?

    We don’t have as many as people think. Patrot battery deployments approx 50 worldwide with a total 1,200 interceptors available.

  19. JUice Box says:

    Iran is still counting on it’s deterrent, which is sheer volume of missles numbers which were approx 3,000 at best.

    If we run out of missile interceptors, the bombers and fighters will finish off the command and control. Khamenei and the rest will be removed from existence. There is no stopping the planes now with air superiority. As far as I see in the news they did not even chip the paint on a single F-16.

  20. grim says:

    Would be curious if Ukraine might attempt going after Russian ports on the Caspian in an attempt to disrupt Iran/Russian arms shipments (not sure it’s even happening), in an attempt to tie the two conflicts together.

  21. 3b says:

    Fast: Never say never.

  22. Walking says:

    Tucker Carlson destroyed Ted Cruz on fox debate. Regarding Iran I wonder what Ted did to deserve that? A bit of a circus,

    I don’t watch tucker but this was funny

  23. Juice Box says:

    I don’t see Iran shipping any more weapons to Russia. They will be completely degraded when this one is over.

    The drone piston engines BTW is all they need to take out. Mado Company in Iran for instance produces the engines used in the Shahed-131 and Shahed-136 drones. It’s a knockoff of Bombadier.

  24. 3b says:

    Trump needs to keep the U.S. out of it the Israel/ Iran conflict.

    Germany says Israel is doing the dirty work for Iran s neighbors.

    Fetterman says he hopes the U.S. bombs Iran.

  25. 3b says:

    Juice: Some Iranian experts believe the regime may fall, and that Iran may split along ethnic lines ( Kurds, Arabs, Azeris, Baluchs), apparently there is a lot of ethnic separatist sentiment in the country, that the regime was able to keep a lid on.

  26. Juice Box says:

    3b – Plenty of thugs with automatic weapons in Iran. I would not count on them stepping aside and allowing any real revolution of enlightenment.

    Hasn’t happened in Iraq, Afghanistan, Syria, Libya, Yemen, Lebanon etc. All these places have had our Military interventions in the last two decades. I really don’t think we can spread our Western values in the Middle East at gunpoint.

  27. 3b says:

    Juice: True. And I don’t think we should be spreading our western values there. Let them live how they choose to, and or let them fight out internally with each other. We tried it with young Bush and it was a disaster. I hope Trump stays out of Iran conflict. We don’t need any more wars.

  28. Fast Eddie says:

    Who on this forum is a practicing musician?

  29. Hold my beer says:

    Fast if you mean skilled then not me. Beginner level guitar player who practices 1-2 hours a week.

  30. RentL0rd says:

    At 33 yo, the older folks in the NYC mayoral race just need to move aside and the baton to someone like Mamdani.

    Sanders and AOC have given their endorsement. And listening to him speak is refreshing.

  31. 3b says:

    Fast: I am.

  32. Libturd says:

    I play the trumpet and mess around on keyboards. I also beatbox and occasionally play the skin flute.

  33. Libturd says:

    Rent Lord. Just like in NJ, the anointed candidate will win. In this case, the best the establishment Dems could do is get behind the 13 times sex offender. In NJ, they chose the seasoned gravy train rider instead of Fulop, which might cost them NJ. Hard to complain about grabbing them by the pussy when the mayor of New York was found guilty of actually doing it instead of just bragging about it.

    Dems taking the high road again, I see.

  34. VSG says:

    “How many people live in Iran, by the way?” Carlson asked the Texas Republican.

    “I don’t know the population,” Cruz responded.

    “At all?” Carlson asked, prompting Cruz to reiterate that he did not know.

    “You don’t know the population of the country you seek to topple?”

  35. VSG says:

    Hahahah….

    man, this is unreal

  36. VSG says:

    Tucker Carlson just completely demolished Ted Cruz.

    “YOU DON’T KNOW ANYTHING ABOUT IRAN! You’re a U.S. senator and you don’t know anything about the country you want to topple.”

    Tucker might have just ended his career.

  37. 3b says:

    Lib: Either the sex offender Cuomo, or the nut job Zoran? That’s all the Democrats can offer, and they are supposed to be the party of the educated, and rational.

    Zoran was a mortgage foreclosure counselor, whatever that is, and then ran for NYS assembly and won. Now he wants to be mayor? Zero qualifications running a massive city like NYC. Who knows what kind of damage he will do if elected. He makes Di Blasio look like a hard core conservative. Endorsed by AOC, another clueless wonder. Graduates from Boston U, and worked as bartender before running for U. S. Congress and winning. According to her bio, she took the bar tending job to help her Mom avoid foreclosure. That is noble, but you would think as a BU graduate with a degree in economics, that perhaps she could have gotten a job that would provide some real experience, and knowledge on various subjects. Bar tender to US Congresswoman to a potential candidate for U.S. president in 2028.

    The madness continues on both sides.

  38. Libturd says:

    Trump didn’t know the difference between Taiwan and Thailand. So, nothing that comes from MAGA surprises me.

    In other news, the Trump Instant Pot is coming out soon. No, I do not make this shit up.

  39. Libturd says:

    From Eater:

    Trump loyalists have demonstrated an incredible willingness to spend money on pretty much anything Trump-branded, so why wouldn’t the most cynical among us seek to profit from that? Just in case the hats, the t-shirts, the sneakers, the flags, the bumper stickers, and the Lenox china weren’t enough, now you can display your unhinged love for the president in every single facet of your life. It’s almost as if everyone, even the home appliances crowd, realizes that the MAGA fans will buy damn near anything, even if it is a total piece of garbage.

  40. 3b says:

    Lib: I read the highlights of the Carlson/ Cruz interview, and Carlson destroyed him. But, just goes to show the ignorance of so many of our elected officials, and on the Democratic side as well.

  41. Juice Box says:

    3b – NYC should give Curtis Sliwa a shot

  42. Libturd says:

    Well as the voting public continues to lower their expectations of what is acceptable behavior by politicians, the learnedness of candidates was certainly going to drop. Heck, remember when Obama wearing a brown suit, or didn’t have a flag pin was considered unacceptable? Now, you can pretty much lie all of the time, get felt up in public, lie some more and the say, “this is what you voted for,” and all is better. Heck, as a foreign leader, it’s now acceptable to tell 17 million people to leave their homes or else. And to accept a 747 from Muslims who you used to ban from traveling.

    This is America today and a ton of people are incredibly proud of it.

  43. Libturd says:

    Curtis Sliwa would probably be a great mayor. Will never happen.

  44. Boomer Remover says:

    Most recent note from Howark Marks of Oaktree Capital: h**ps://www.oaktreecapital.com/insights/memo/more-on-repealing-the-laws-of-economics

  45. Walking says:

    Lib, another example of where we came from – debating brown suits to normalizing a sitting president saying he won’t call that loser mike waltz regarding he states tragedy over the weekend. Trumps responded that , it’s mike ‘s fault for hiring that nut case he deserves this, I won’t call him.

    Wow. But then again Trumps brother had a disabled child and needed assistance, to which trump replied ” why not just let Fred die? “

  46. RentL0rd says:

    Mikie Sherill is not a bad choice. Definitely not at the same level as electing cuomo again.

    Mamdani is no nut job. He’s been raised by some of the most intellectual and honest parents out there. His mom – I just looked happen to look up, is Mira Nair, cosmopolitan, grounded woman, who is very very well regarded and an awesome woman.

    I think NYC will do themselves a favor by electing Zoran Mamdani.

  47. VSG says:

    why nobody asks stupid Ted to become plumber?
    we need more plumbers ain’t

  48. chicagofinance says:

    I’ve been working and also at my son’s track meets….. fuck off…

    grim says:
    June 18, 2025 at 8:13 am
    I thought the idea was that US would supply Jordan with interceptors as an end-around.

    Hasn’t Jordan been downing Iranian equipment?

  49. BRT says:

    I’m out of the market for now. Too much political/geopolitical risk for my appetite.

  50. VSG says:

    Tucker Carlson: “Senator, I actually have a blank map of the world here. Please just point where you think Iran is. I’ll give you 2 guesses”

    Sen. Ted Cruz: “Tucker- look, I-I’m not going to point at a map like a high schooler, OK?”

    TC: “frankly, a middle schooler could find it”

  51. America First says:

    Best investment ever? AIPAC wins. By donating a modest amount to our so-called politicians, the USA launders money back to Israel with a multiplier effect. We also fight their wars for them, running up trillions in debt. This despite the fact a significant portion of Americans are against aid to Israel and are against our involvement in wars in the Middle East.

  52. VSG says:

    Ted is another ignorant neoliberal elite who gets us into very expensive wars financed by the working class

    Maga has nothing to say about Republicans massive increase in crushing national debt? Y’all can’t find Canada in a map

  53. chicagofinance says:

    You are an ivory tower high-minded punk with a serious virtue signaling problem.

    RentL0rd says:
    June 18, 2025 at 10:45 am
    At 33 yo, the older folks in the NYC mayoral race just need to move aside and the baton to someone like Mamdani.

    Sanders and AOC have given their endorsement. And listening to him speak is refreshing.

  54. Juice Box says:

    Chi – Just sing the Imagine song. The actual election is in November.

    People might even re-elect Mayor Adams..

  55. RentL0rd says:

    12:28 – that’s smart.

    “Nobody knows what I’m going to do next” – DJT

  56. Fast Eddie says:

    Re Musicians: I have a Les Paul Studio guitar for a decade and it never felt right. There’s nothing wrong with the axe, it just didn’t jive. Fast forward to now and I bought a new amp. It’s an HT Venue Series Stage 60 212 MK III with twin 12 inch Celestion speakers. Okay wow, the Les Paul likes it and all of a sudden I’m getting sounds and moves out of the Paul. I also have a Telecaster Deluxe and that one feels the best in my hands. The other amp, A Mesa Boogie Dual Rectifying amp is 20 years old. It’s awesome but the tubes are fading thus, the push to try something new. I’ll get the MB new tubes anyway. Just talking music here.

  57. No One says:

    Rentlord,
    I was going to watch his mom’s movie Kama Sutra A Tale of Love, but then remembered I don’t like Indian softcore porn. I wonder if Zorhan watched it with his mom.
    I also wonder if Cuomo is asking his female employees to watch it with him for opposition research.

  58. White Trash Eddie says:

    Who’s this Zoran Mamdani dude? He wants free city buses, a forever rent freeze, universal childcare, city-owned grocery stores, $30 minimum wages, renovating 500 city schools with ‘green’ infrastructure, enforce sanctuary city status and give free baby baskets (supplies) to new mothers. Holy shit. You got a business in NYC? Buh bye. Wow.

  59. Dark Phoenix says:

    No One says:
    June 18, 2025 at 1:26 pm
    But then remembered I don’t like Indian softcore porn.

    You are right. I distinctly remember you posting you prefer male hardcore porn.
    😁

  60. Libturd says:

    BRT,

    Gimme another 5% (based on the charts) and I’ll be out too. It’s clear housing is collapsing. If my company is a proxy of the greater economy, we already did incentives for early retirement and am now making drastic software cuts. Was told, outside of the printing lanes, no more Adobe Acrobat. PDF Exchange will work just fine for most needs. We are definitely NOT hiring. Then the tariffs actually kick in in another 6 business days. Consumer sentiment is in the pits too. Oil prices have made inflation seem tame, but groceries and housing costs are still moving up. Now with war on in the Middle East, crude is rising again making FED cuts even more unlikely. Really, there are way more headwinds than tailwinds. And of course, there is also Trump’s collapsing approval rating. I think I will move some out tonight. Plus, I’ll be on the Icon next week making trading difficult if shit hits the fan. I think the tariffs kicking in alone might tank the markets, regardless of Bibby and Donald idiocy.

  61. RentL0rd says:

    1:30 Trash –

    In any other part of the world, people would cheer for the guy who wants to give a break to citizens and be on their side of the economy. But not in NYC, not in America.

    You care more about businesses in NYC?!! really? Trust me, they are fine with their share of lobbyists.

  62. Dark Phoenix says:

    B Ball. Damn these other women did her wrong. Just for being better.
    What happened to femininity and sportsmanship?

    https://www.reddit.com/r/PublicFreakout/comments/1lelib8/wnba_throwing_it_down/?utm_source=share&utm_medium=web3x&utm_name=web3xcss&utm_term=1&utm_content=share_button

  63. Dark Phoenix says:

    RL,
    Look at my two posts.

    Even the women are nasty today. And they are the softer, fairer sex.

    You see anything softer in either of the linked posts?

    Empathy is long gone here. You could save someone’s kid and they wouldn’t even want to be in a picture wiith you if you aren’t in the same social sphere as them.

    The Divded States of Amerikkka.

    Eminem, you got it right in those lyrics.

  64. BRT says:

    Dark,

    women’s sports have always been like that. In high school, the girls want to be the star. Totally different dynamic. Even the girls that can’t make the varsity team would rather sit on varsity and never play rather than play on JV. When my wife was pitching her way to a state title, her entire team despised her even though she was the one notching up all the shutouts. These girls hate Caitlin Clark because she’s that much better than they are and because she achieved superstardom before ever turning pro. It’s jealousy central. They’d rather pull her down that have her lift the whole league up.

  65. RentL0rd says:

    That’s crazy DP! The question is why are you following “Public Freakout”?!

    Reddit, like every other platform now gains by promoting these touchy videos. A little detox from social media isn’t a bad thing for personal sanity.

  66. RentL0rd says:

    1:26 – Is that your position on Kama Sutra? You should encourage uplifting content and opposite research.

  67. RentL0rd says:

    A bit of history on US toppling Iran’s govt –

    https://www.cnn.com/2025/06/18/middleeast/us-toppled-iranian-government-before-hnk-intl

    Very similar to what the US did with Karzai in Afghanistan after toppling the Taliban.

    It looks like we never really learn.

  68. Dark Phoenix says:

    Geezer captured. And a lady who covered up the evidence.

    Sleep well buddy.

    https://www.cbsnews.com/amp/losangeles/news/riverside-police-search-for-driver-who-crashed-into-protester/

  69. Dark Phoenix says:

    That’s crazy DP! The question is why are you following “Public Freakout”?!

    It’s the news that the “news” doesn’t want to report.

    It’s real. Unlike our current news, which is all infested with bias.

    Shows you the true side of people. Not the side they try to fake you out wtth.

  70. Walking says:

    Regarding K Clark, It was Bill Burr that stated the reason women enjoy reality TV so much (Reality Housewife series, etc) vs sports, is because the show features women putting each other down. They are never there to support each other just talk behind each others back. So teamwork and adversity out, and backstabing in.

    Or Kate Clark just made a ton more $ than any other WNBA player made, and they all hate her for that,

  71. Very Stable Genius says:

    Can’t make money with peace, need war to become rich

  72. VSG says:

    Deficits no matter if the Ayatollah calls for war

  73. Walking says:

    for dark, karen Read was acquitted in trial. I just started watching the series on HBO. What I can’t shake out of my head is why a male cop and his girlfriend in their 40s went to another police Captain’s house to meet up with him and his wife and another male at midnight after drinking in a couple of bars all night. Beer tequila shots and vodka and water. Is this that common to do?

    these days I’m out after 2 glasses of wine,

  74. No One says:

    White, non-lesbian, outplaying them, and getting more attention than them. Makes them angry. But I still am uninterested in watching basketball, and women’s basketball even less interested.

  75. Dark Phoenix says:

    Walking

    Most are boozers, like plenty in my profession. But they don’t have to worry about DUI, things like that. Laws don’t apply to them, just look, them and their familes all have tinted windows here, no one gonna bust ’em.

    The lead investigator should have resigned himself. Let an independent agency handle it.
    Made for too much reasonable doubt, easy to claim a coverup.
    I never watched anything about it, maybe the drunk dolt just fell and she flattened him.
    Or maybe she did it on purpose. Who knows. Women do kill.
    Probation. Probably gonna get his pension now, and do the badge bunny thing all over again. Not the worst looking lady, she has money and a house now, plus his insurance, some guy will slip right in.

  76. Dark Phoenix says:

    ! Spoiler alert !

    Guy dies.

  77. RentL0rd says:

    The news we consume can be very lopsided.

    I was listening to Scott Galloway’s podcast – who I respect and agree with mostly except his underestimation of Iran. He said Israel’s operation was so good that almost no Iranian civilians were killed. That’s total BS – but we also have very little news from Iran. Considering today’s wars are as much propaganda wars as physical, it is truly hard to expect that when you throw bombs at 90 Million people no body is going to get hurt.

    Anyways, here’s another POV on the war that Israel started (got to say it as it is):

    https://www.aljazeera.com/news/2025/6/18/how-has-iran-managed-to-pierce-through-israels-air-defence-systems

  78. Walking says:

    Dark, my take is they all got drunk, he thought he could take her over to captains house for a night of fun , she backs out of the idea , they start to argue and runs him over for thinking she would go through with it.

  79. VSG says:

    TECH

    Trump’s $499 smartphone will likely be made in China

    PUBLISHED TUE, JUN 17 2025 7:17 AM EDT
    UPDATED TUE, JUN 17 2025 2:41 PM EDT

    MAGA fans purchasing the T1 may not realize they are buying a product that was manufactured abroad. The Trump Organization’s press release about the device claimed that it is “designed and built in the United States,” and its website boasts that the company operates on “All-American Performance.”

  80. Dark Phoenix says:

    Certainly a possibility…

    Walking says:
    June 18, 2025 at 5:45 pm
    Dark, my take is they all got drunk, he thought he could take her over to captains house for a night of fun , she backs out of the idea , they start to argue and runs him over for thinking she would go through with it.

  81. Juice Box says:

    Phoenix – going to have to ask you to keep things current.

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