Jul. 12 at 2:36 AM
$SPY $DHI $TOL $KBH $KRE
1. This explains part of the reason supply is growing.
2. Home builders are still pumping out supply at the national level adding to the supply.
3. People bought homes in order to rent them out as STR’s. This has already peaked and has began the rollover process. Just wait until The Big Ugly officially drops. STR owners will be losing homes nationwide.
Many people paid premium dollars in order to buy beach condos, mountain cabins and other properties to become short term rental millionaires. Unfortunately it’s going to backfire on them. It’s clearly falling apart.
Navarre Beach, FL has for sale signs everywhere.
Mountain homes all over the northeast Georgia mountains and the Gatlinburg area are just sitting empty. The carrying cost will kill the owners.
People that paid
$600,000 to
$1+ million will not get that money back.
Implosion is building.
https://wolfstreet.com/2025/07/11/inventory-of-homes-for-sale-blows-out-in-texas-price-cuts-spike/
