Tale of two markets

From Parcl Labs:

Regional Divide as New Construction Cracks: August Motivated Seller Update

This summer Parcl Labs launched the Motivated Seller Index (MSI): a real-time, 0-10 metric scoring seller urgency based on days on market, price-cut frequency, cut velocity, and reduction size.

Our June research found Florida dominated seller urgency, with 14 of the top 20 most motivated markets in the Sunshine State.

This analysis expands on our June work by examining regional trends, market rankings, and property segment-level motivation. The story has evolved. Florida no longer stands alone.

The South is 20-30% More Motivated Than the Northeast

Regional bifurcation is here. As of late August 2025, home sellers across the South show meaningfully higher urgency than their Northeast counterparts.

The South Atlantic leads regional motivation rankings. MSI hits 4.17, 27% above New England’s 3.28. The rest of the South follows close behind, with East and West South Central both posting MSI above 4.0.

The West South Central region (Texas, Oklahoma, Arkansas, Louisiana) shows the longest marketing times at 69 days and deepest price cuts at -3.0%, a new pressure point since our June analysis.

The West runs close behind Southern urgency. Pacific and Mountain regions both register MSI above 3.9, running 20%+ above Northeast levels.

Sellers still have leverage in the Northeast. New England anchors the bottom at 3.28 MSI, where listings clear in 54 days with minimal concessions. Middle Atlantic follows at 3.39.

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

82 Responses to Tale of two markets

  1. Chad Powers says:

    1

  2. White Trash Eddie says:

    2

  3. grim says:

    buckle my shoe

  4. Fast Eddie says:

    Florida, Las Vegas and Phoenix always have the biggest/fastest run-up and backtrack in RE. It’s a Ferrari that then goes out of control while the northeast moves like a barge.

  5. White Trash Eddie says:

    buckle my shoe

    Antiquated phrase… something a boomer would say. You must be old.

  6. grim says:

    I’d hang up the phone on you if this wasn’t the internet.

  7. Dark Phoenix says:

    Release the Epstein Files.

    Oh, and that 24 hour deal thing, when is it gonna happen? Kiev got sacked again this morning and same with other cities.

    Want a Nobel Peace Prize, you have to create some peace, right??

    Is this still Biden’s war? Was it ever?

    The Trump administration approved the sale of the first lethal Javelin anti-tank missiles to Ukraine in December 2017, and the deal was completed in March 2018 with the delivery of 210 missiles and 37 launchers, valued at $47 million. This was a significant step, as the Obama administration had only provided non-lethal aid, and the Javelins were the first lethal military assistance from the U.S. to Ukraine since the 2014 conflict with Russian-backed separatists began.

    Follow the money:

    The US sells weapons to Europe at a 10% markup, after which they end up in Ukraine. The proceeds can then be used to cover the costs of protecting Ukrainian airspace, according to Finance Minister Scott Bessent on Fox News.

    “We are selling arms to Europeans, who are then selling them on to the Ukrainians, and President Trump is taking 10% markup on the arms. So maybe that 10% will cover the cost of the air cover,” Bessent says.

  8. Dark Phoenix says:

    Chad

    Thanks for your reply yesterday.

    I hope you are well over there always. You are not far from that conflict with the modern weaponry of today.

  9. Dark Phoenix says:

    Breakfast in America. Take a look at my President, he’s the only one I’ve got. Not much of a President, I never seem to get alot:

    Bacon, eggs, Raw Milk and Chlorine bleach.

    The White House on Wednesday fired Susan Monarez as director of the Centers for Disease Control and Prevention after she refused to resign amid pressure to change vaccine policy, which sparked the resignation of other senior CDC officials and a showdown over whether she could be removed.

  10. Juice Box says:

    Subway sandwich tosser might walk. Washington DC Grand Jury refused to indict.

    https://www.cnbc.com/2025/08/27/feds-indictment-grand-jury-sandwich-thrower-trump-dc.html

  11. White Trash Eddie says:

    I’d hang up the phone on you if this wasn’t the internet.

    And then cussing up a storm while trying to fix the rabbit ears on your console TV. You people will never change.

  12. Dark Phoenix says:

    Ooooh, Snap!!!!!

    Russia has bombed a British Council building and the European headquarters in Kyiv in a ‘deliberate’ double strike during a huge onslaught on the Ukrainian capital that has left at least 17 dead.

    Video shows a missile slamming into the British building in a fireball explosion at around 5.40am before a second followed 20 seconds later leaving it ‘severely damaged’.

    The British Council, which offers educational courses and English language programmes, is run independently but receives sponsorship from the Foreign Office.

    Another building that was occupied by the European Union’s delegation to Kyiv was also hit with European Commission president Ursula von der Leyen accusing Moscow of a ‘deliberate’ strike and ‘targeting the EU’.

  13. Dark Phoenix says:

    White Trash Eddie says:
    August 28, 2025 at 8:40 am

    You people will never change.

    AI says

    “You people” is a phrase used to refer to a group, but it has strong negative connotations in North America, often implying separation, othering, and disrespect, particularly when used by a member of a majority group to refer to a minority group, thus fostering an “us vs. them” mentality. While not always inherently offensive, its impact depends heavily on context and intent, and it’s generally best to avoid it in favor of more inclusive and respectful language.

  14. No One says:

    Rentl0rd: “I’ve never met a totally straight man”

    Maybe you should try broadening your social circle beyond manning the glory hole at a peyronie’s disease convention and lefty social media groups.

  15. SmallGovConservative says:

    Happy football season, everyone! That chill in the morning, the bright, clear days, and weekends full of the only sport that matters from noon until the wee hours of the morning. Glorious!

  16. RentL0rd says:

    9:00, If this wasn’t the internet, I would kick your balls for taking things out of context.

  17. SmallGovConservative says:

    Interesting football-related note for Dark; I’ve heard from relatives with kids in other parts of the country, that youth flag football is booming, and siphoning lots of kids away from kickball (aka soccer). Not sure if that’s a red state phenomena or not, but if it takes off here in the northeast I wouldn’t be surprised if you start seeing more kids with flag football-related injuries.

  18. grim says:

    Q2 GDP (revisions) comes in at 3.3%, above the 3.0-3.1% consensus estimates.

  19. grim says:

    Jobless claims down as well.

    Going to be hard to keep making the rate cut argument.

  20. Chicago says:

    Dark Phoenix says:
    August 28, 2025 at 8:36 am
    Breakfast in America.
    https://m.youtube.com/watch?v=pP8iUyb9Gn8&pp=ygUbdGhlIGxvZ2ljYWwgc29uZyBzdXBlcnRyYW1w

  21. BRT says:

    No rate cuts are warranted, but the conventional case to lower rates was replaced by “something bad might happen if we don’t so lets do it” for 20 years straight.

  22. Juice Box says:

    rate cut argument……It’s was already telegraphed at Jackson Hole. Powell had a tariff epiphany about it causing inflation.

    He can save his legacy, he will be out next year simply do a 1/4 point FFR rate cut every few months…no biggie…

    FFR only really affects short-term borrowing credit cards, auto loans, and adjustable-rate mortgages (ARMs) and short-term Treasury yields….

  23. RentL0rd says:

    After Intel, the small gov party now wants to take stake in US defense companies like Lockheed and Boeing, according to Lutnik.

    POTUS is now also the stock picker in chief.

  24. RentL0rd says:

    Let’s admit it – a rate cut now would be nothing but market manipulation. You can’t say “the numbers are great” and “we need a rate cut” in the same breath with a straight face.

  25. Chad Powers says:

    Dark Phoenix,
    We went on a Donau river cruise last summer and came within 200 meters of the Ukrainian border. We are mainly effected here by Ukrainian refugees and the government spending for them. I honestly don’t know where the increased spending is supposed to come from to support Ukraine. Germany is the locomotive of Western Europe, but the economy here is continuing to contract. A recent poll I saw shows the Ukrainian public wants the confluct to end, rather than continuing to fight until the bitter end. There are no easy solutions, that is for sure.

  26. Juice Box says:

    market manipulation?

    How about election manipulation? Fed cut rates before the 2024 election…

    Rates are however just one side of the inflation equation.

    Fiscal Policy Creates deficits and inflation. Nobody can cut spending even Elon Musk…

    My town experienced quite a bit of inflation this year with their tax increases and spending. State of NJ is not any better.

  27. Ex says:

    How about market management. Allowing the real estate market to flounder and freeze in slow motion isn’t in anyone’s best “interest”.

  28. Juice Box says:

    Flounder? Is that your name from College?

    Housing Starts 2025: 1,428,000
    New Apartments 2025: Expected to surpass 500,000 units this year

    Realtor.com 4.07 million sales for 2025, a 1.5% increase from 2024.

  29. RentL0rd says:

    >> My town experienced quite a bit of inflation this year with their tax increases and spending. State of NJ is not any better.

    I wonder if this has anything to do with tariffs.. hmm? It’ll get worse…. and trump knows that his actions are going to make our lives a lot worse.. so he wants market manipulation.

    And Juice, you can’t follow that by saying the housing market is flourishing (a nice name for any college).

  30. Dark Phoenix says:

    As things get new, are they really new?

    New Apartments 2025: Expected to surpass 500,000 units this year

    Well we’re movin’ on up, to the east side
    To a deluxe apartment in the sky
    Movin on up
    To the east side
    We finally got a piece of the pie
    Fish don’t fry in the kitchen;
    Beans don’t burn on the grill
    Took a whole lotta tryin’
    Just to get up that hill
    Now we’re up in the big leagues
    Gettin’ our turn at bat
    As long as we live, it’s you and me baby
    There ain’t nothin wrong with that
    Well we’re movin on up
    To the east side
    To a deluxe apartment in the sky
    Movin on up
    To the east side
    We finally got a piece of the pie

  31. Dark Phoenix says:

    To the young’uns, that’s the theme song from the Jeffersons.

    It’s a banger.

    No Auto-Tune.

  32. Dark Phoenix says:

    RL,

    Gas and Electric up for you, they are up for your state government as well.

    Oh, and they don’t believe in conservation, if they are cold, the thermostat cranks.

    The lights can stay on all night, you are paying for it, not them.

    You compress your Natural Gas and send it to Europe, supply and demand, price goes up, right?? Basic economics. So you pay more, and so does your local government.

    Just focus on those egg prices, which were temporarily expensive and were going to come down naturally, just like your temperature once your illness passed. That was going to be normal predicted behavior.

    The worst is yet to come. And I ain’t no economist. You don’t need to be one.

  33. Chicago says:

    Ten 421

  34. White Trash Eddie says:

    Hey, do Black lives still matter? What about the #metoo thing? Resolved now? Are women still dying in hospital parking lots? And why are corps backing away from DEI initiatives?

  35. BRT says:

    Let’s admit it – a rate cut now would be nothing but market manipulation.

    Setting rates from a central location is the definition of market manipulation

  36. Juice Box says:

    Tariffs?

    Nope it was a choice made years ago, actually. The choice was not to have more babies. This year we were going to close two grammar schools that were half full and combine them into a larger middle school to cut a $10 million dollar budget deficit. Our town moms were up in arms about it. End of the story was BOE voted no school consolidation and no layoffs and no cost cutting by closing schools and a $1000 tax increase for me and everyone else.

    Height of fiscal madness. Those school classrooms are getting even smaller and smaller.

    I like many others will be hanging up the realtor shingle and moving to a lower tax jurisdiction in the future.

  37. SmallGovConservative says:

    White Trash Eddie says:
    August 28, 2025 at 12:00 pm
    “…backing away from DEI initiatives?”

    DEI Hall of Shame, brought to you by the Dems…
    – Got to start with the tranny that SlowJoe put in charge of nuclear waste disposal; you know, the guy that liked to steal women’s clothing from airports
    – Certainly Lisa Cook has earned spot; given a spot at the Fed because she was an ‘expert’ in economic race inequality
    – And don’t forget Pete Buttplug and his toxic train derailment and port of LA backlog
    – Oh, and who can forget Lloyd Austin, Biden’s SecDef who went AWOL and Joe never knew

    Dems have gone insane, Ed.

  38. RentL0rd says:

    Lisa Cook has a PhD in economics. Trump has no rights to remove her in order to manipulate the market. If he has cause he needs to go to the courts instead of crying like a spoilt baby.

    And you are too stupid to realize it.

    If you want to stand up to your “small gov” name, you should look at govt getting into public companies and growing bigger.

  39. Juice Box says:

    re: “no rights to remove her?”

    Fraud is a “good cause” removal standard Dude…

    As a professor at MSU at the time and a PHD in economics how could she not know know this was a fraud?

    She committed fraud by taking out two mortgages weeks apart and claiming both were her primary residence.

    June 18 2021 – Cook obtains on a $203,000 mortgage for a property in Ann Arbor, Michigan.

    July 2 2021 – Cook obtains a $540,000 mortgage for a condominium in Atlanta, Georgia.

    There is no way someone with a PHD in economics could not know or did not know this was a fraud. Also she was not moving to Atlanta her job was in Michigan….

  40. RentL0rd says:

    Fraud needs to be proven, not tweeted.

    Did you forget “innocent until proven guilty”?

    The easiest thing Cook could do is resign, but she is standing her ground and fighting the good cause.

  41. RentL0rd says:

    And bullying is certainly not a democracy should work. And if you don’t get it – it’s because your intelligence is clouded by cult mania.

  42. White Trash Eddie says:

    Lisa Cook has a PhD in economics.

    And my dog can smell a mor0n three blocks away.

  43. Juice Box says:

    Rent – It’s the reason for removal and nowhere in the statute does it say you need to be criminally convicted. It is a legitimate concern and not an arbitrary action. Yes you can fight it in civil court. How long should that take? Generally, years in a civil case.

    Let’s see if it rockets magically to the top of the dockett. Also next to impossible for Lisa Cook to appeal this to the Supreme Court without someone paying her lawyers. Abbe Lowell charges $1500 a hour. I don’t see a go fund me link, so who is paying?

  44. Ex says:

    12:51 it’s how he recognizes YOU….

  45. Ex says:

    Oooooo siiiiick burn

  46. RentL0rd says:

    Looks like you believe in kings and not the american rule of law.

    First he goes after Powell. Can’t touch him. Then after the building expenses to tsrnish his image. When that failed after the governor. All to have them bow to him and get the Fed under his control – a bit like the supreme court, except with even bigger impacts globally.

    All to further his own needs at the expense of americans.

    But of course your love is blind.

  47. RentL0rd says:

    We should be grateful to great Americans like Powell and Cook for standing up to bullies and not giving in. America is great because of people like them.. not the wannabe dictator.

  48. Dark Phoenix says:

    RL

    Did you forget “innocent until proven guilty”?

    Do you really believe in that? it’s one of the biggest lies ever perpetrated on the American public.

  49. Dark Phoenix says:

    RL

    America isn’t a democracy. Don’t fool yourself.

    Freedom is done here, the principles of the constitution and law are circumvented by a paid off congress and private corporate control.

    Stop living in the past.

  50. SmallGovConservative says:

    Has anyone installed/replaced garage door openers recently? Anyone have thoughts on whether it’s worth an additional $200 (for both doors) to upgrade from 1/2HP chain-drive to 3/4HP belt-drive?

  51. Libturd says:

    Truth is, fraud is not acceptable. But neither is sacking ever person in DC to stack the cards in your political favor. The Trump Show rolls on. See all of the new White House photos? More old tires to throw on the tire fire that is this administration. Everything for shoe while Trump and crew breaks every grifting record at a thousand times the level of everyone who proceeded him.

  52. Chicago says:

    Nice one

    Federal Reserve Governor Lisa Cook’s lawyers suggested that an unintentional “clerical error” may have been behind the mortgage dispute over which President Donald Trump wants her fired.

  53. JUice Box says:

    Smalls – DC motor over AC. Newer option is quieter and uses a belt drive, easy to buy one with a a battery backup if you don’t have a generator. Lots of other bells and whistles these days with apps and remotes etc.

    Belt + DC quieter than Chain +AC…..

  54. Chicago says:

    If you’re underqualified and we’re given a job for crap reasons, of course you don’t resign because you’re never gonna get as good as job again. It has nothing to do with standing up to a bully.

    RentL0rd says:
    August 28, 2025 at 12:43 pm
    The easiest thing Cook could do is resign, but she is standing her ground and fighting the good cause.

  55. Ex says:

    2:34 that’s one way to look at it…

  56. Juice Box says:

    Lib – Why does every administration ask for the resignation of the US Attorney for each state when they start?

    Bill Clinton in 1993 and Donald Trump in 2017 ordered the mass resignation of all remaining U.S. Attorneys that did not resign at once. Bush and Obama and Biden did fire some but allowed others to wait until a new one was appointed, only in rare cases do they ever remain.

    Justice is a very powerful part of government, and it’s entirely run by political appointees, which is probably the worst way to run it.

    Simple reason is to control who gets “Justice” tightly and appoint only loyalists to their dogma.

  57. Ex says:

    Thirty-seven percent of voters approve of the way Donald Trump is handling his job as president, while 55 percent disapprove. In Quinnipiac University’s July 16 poll, 40 percent of voters approved and 54 percent disapproved.

    In today’s poll, Republicans (84 – 9 percent) approve, while Democrats (98 – 1 percent) and independents (58 – 31 percent) disapprove.

    Voters were asked about Trump’s handling of six issues…

    crime: 42 percent approve, while 54 percent disapprove, with 4 percent not offering an opinion;
    talks to end the war between Russia and Ukraine: 40 percent approve, while 52 percent disapprove, with 7 percent not offering an opinion;
    foreign policy: 40 percent approve, while 56 percent disapprove, with 5 percent not offering an opinion;
    the economy: 39 percent approve, while 57 percent disapprove, with 4 percent not offering an opinion;
    trade: 38 percent approve, while 56 percent disapprove, with 5 percent not offering an opinion;
    the Israel – Hamas conflict: 34 percent approve, while 53 percent disapprove, with 12 percent not offering an opinion.

  58. Juice Box says:

    Chi – “clerical record”

    Do they mean that notarized occupancy affidavit?

    It may vary from state to state but normally you sign the document in front of a notary public, who verifies you identity and witnesses the signature. Then there is the whole part that states you swear or affirm that the statements in the affidavit are true.

  59. Walking says:

    I replaced an opener myself at my rental, wasn’t to bad about an 2 hours as I was doing this first time. Had my bil to help out with a couple of parts when hanging the motor. YouTube is your friend on this one. Lots of good videos. If you are going with a contractor I have used precision doors out of ponpton lakes? to change my doors and one opener. The new opener is belt driven and quiet. It’s been trouble fre for 18 years (chamberlin) The old one is probably 50 years old and still working and I have not changed it out but it gets much less use.

  60. Juice Box says:

    Garage door springs are not your friend… That is one thing I would not touch..

  61. Chad Powers says:

    The problem that the Democrats have is that they normalized Lawfare against political opponents. For example- Trump off the ballot, try him for fraud using an old consumer protection law when no one lost money, find him guilty of numerous felonies for what amounted to misdemeanors that were beyond the statue of limitations, New York changing the law on the statue of limitations in order for a sexual abuse case could be brought against him, etc. Well guess what? If a former president can be brought up on dubious charges then no one can really question Trump going after his enemies on actual cases involving mortgage fraud or other illegal activities.

  62. hughesrep says:

    I changed my garage door springs, it’s not bad. Make sure you do it when the door is up., and wear gloves so you don’t get pinched.

    The noise they make when they go will get you up off of the couch though. Something fell, got tangled in the cable / pulley, spring stretched beyond its capability and snapped. Really loud.

  63. RentL0rd says:

    2:34 – do you really want to talk about the qualifications within the trump’s cabinet?

    And if you want to fire someone for not being qualified, then go to court about it. You dont fire a fed position by cooking up stuff.

  64. Ex says:

    Thirty Seven Percent and heading dowwwwwn

  65. BRT says:

    I didn’t have issue with the springs. You put them on unstretched and the weight of the door will stretch them out on it’s own.

  66. RentL0rd says:

    Most of the newer garage openers have an app to control them from anywhere. I find mine handy to let people in remotely.

  67. VSG says:

    “Industrial policy” was once anathema to the party of Ronald Reagan.
    No Longer.
    The Trump administration is increasingly stepping into the domain of free-enterprise in a bid to further its strategic ambitions.

    – Bloomberg

  68. VSG says:

    Lots of examples in history of governments attempting to manage the economy.

    From Mao, Che Guevara and trump

  69. VSG says:

    Structural contradictions of late stage capitalism

  70. Juice Box says:

    Lots of examples in history of governments attempting to manage the economy.

    Inflation reduction act of 2022 comes to mind….

  71. hughesrep says:

    Trickle on economics

  72. White Trash Eddie says:

    Add Bill Gates to the list of rich people who are done supporting the democrat party. But as far as polls go, Cumella was tied or ahead in many polls, leading to false hope that she might win. When the dust cleared, she got beat like an ugly stepchild. All swing states weren’t even close, the popular vote wasn’t even close, the electoral college wasn’t even close. By 11:00 PM ET on the east coast, it was over. A swift death to the left amid their anguish. Glorious.

    What’s left? Daily whining, no direction, multi-faceted freaks of nature crying for attention, men longing to be women being supported by men too afraid to take that transitional step themselves. All replaced by leadership not afraid to drop the hammer of common sense. Why, as a rich person would you back mental midgets in an insane asylum when you know there isn’t a chance they’ll present a cogent message?

    Is it any wonder the liberal hermaphrodites are hemorrhaging voters and money? The party has gone from citizens of hard work and progress to a case study in psychopathology. They went from engaging in debate to fighting off a straight jacket on 100 mg. of mirtazapine.

    I’d offer compassion for them but it’s too amusing to see them suffer.

    Lol.

  73. Ex says:

    Medicare Will Require Prior Approval for Certain Procedures
    A pilot program in six states will use a tactic employed by private insurers that has been heavily criticized for delaying and denying medical care.

  74. chicagofinance says:

    I was shocked how heavy a real garage door is. I helped a contractor I know fix the springs, replace the hardware, and rewire the springload. The springs I saw are solid metal and are not to be stretched out, they would crack first. The springloaded mechanism is a genius design. I had no idea.

    BRT says:
    August 28, 2025 at 4:13 pm
    I didn’t have issue with the springs. You put them on unstretched and the weight of the door will stretch them out on it’s own.

  75. Data says:

    https://paulkrugman.substack.com/p/why-arent-markets-freaking-out/comments

    Ivy Zelman recent discussion on housing (SF, Multi-Family, rates, mtg mkt & consumer stuff) with Willie Walker. Speed it up to 1.25, still easy to understand.

    https://youtu.be/ka0lWBL0d8M?feature=shared

  76. Dark Phoenix says:

    You think garage door springs are bad, try doing struts with an Autozone strut spring compressor.

  77. Brt says:

    Other than his money, Bill Gates is useless. He’s a megalomaniac with bad ideas left and right. I’d love to administer him a high school bio exam to prove a point.

  78. Ex says:

    If you get the chance check out the Billy Joel documentary.

  79. OC1 says:

    Re Lisa Cook:

    If she commited mortgage fraud, she should face the consequences.

    But I am wondering- how did Bill Pulte (Director of the Federal Housing Finance Agency) get hold of her mortgage application?

    The FHFA doesn’t issue mortgages (it regulates Fannie and Freddie).

    Maybe you guys with mortgages can tell me- would that signed “Certification of Primary Residence” statement be part of the public mortgage info that gets filed with the county clerk?

    The few times that I’ve researched property records the public mortgage info I came across only included the amount of the mortgage, the holder of the mortgage, and stuff like that- not more detailed stuff that would be part of the application.

    So how did he get a hold of it? Does the FHFA have authority to request a copy of the mortgage application from the entity that issued the mortgage?

    If so, why did they request Cook’s mortgage? Is the FHFA reviewing the mortgages of other government officials? If so whose mortgages, and and why?

  80. RentL0rd says:

    Corruption using “rapist immigrants” as a boogeyman.

    https://apnews.com/article/trump-immigration-detention-camp-contract-army-ice-3595746cd420c6f83c4ffd0b331ae056

    $1.2 Billion – poof!

  81. Juice Box says:

    OC1- re: “Maybe you guys with mortgages”

    Eh? Is that a brag?

    loan-level records easy peasy..Not only is most of it public it’s all sold too.

    My personal opinion is the government should not be in the mortgage guarantee business.

  82. OC1 says:

    Eh? Is that a brag?

    Only if being a dirty renter is a brag.

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