Reply to Remember all the dorks spamming last year real estate was going to crash?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]This is really interesting.
[img]https://pbs.twimg.com/media/GJt_tlLXsAENbVt?format=jpg&name=large[/img][/quote]

Areas not distorted by pandemic-related buying/selling - eg, Connecticut, unsexy parts of upstate NY, boring parts of New England - are seeing the most upward price growth since 2022 "peak" because demand still outweighs supply.

Meanwhile, places with large shifts in prices due to pandemic - SF, Manhattan, Florida, Texas - are getting crush because either supply outstrips demand or buyers during the pandemic bought at unreasonable prices not supported by long term fundamentals. [/quote]

I didn't get the same conclusion. The Mississippi Delta, West Texas/Panhandle and North Dakota have the sharpest falls. Those are far removed from major metro areas and I suspect other factors are at play and it wasn't pandemic demand. Those are pretty isolated parts of the country.

Likewise, Florida seems neutral, with some growth in south Florida and slight declines in other parts of the state.

Northern California is more relevant. Maybe NoCal finally really did hit the wall of growth. But I wonder if it has to do with homeowner insurances distorting that market too, as it's now much more difficult to get insurance in California due to changes in state law. I have friends in the Bay Area househunting and they tell me stuff still sells briskly in good areas, maybe a bit lower than a year or two ago but still sells.

The regions most supportive of your theory is Idaho.[/quote]

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