The Condo Selloff Is Gaining Speed
Condo prices are breaking faster than most investors expected, with values already down 12% to 30% across 28 major markets.
What started as higher HOA fees and soft demand has turned into a full-blown exit rush, especially in Florida, Texas, and California.
As investors bail, listings pile up, price cuts stack, and lenders are quietly absorbing the damage.
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Oh Deary, Condo Prices Already Dropped by 12% to 30% in these 28 Bigger Markets
Condo prices are sliding fast after years of speculation. In 28 major markets, prices are down 12% to 30% from their peaks, led by Florida, Texas, and California cities. Higher HOA costs, fading investor demand, and rising competition are accelerating the bust.
Lennar Further Cuts Average Sales Price of New Homes, to Lowest since 2017
Lennar is cutting prices hard to move homes. Average sale prices are down 25% from the 2022 peak and headed to their lowest level since 2017. Builders are choosing volume and affordability over margins, pressuring both profits and resale sellers.
Top 10 Markets Where Prices Will Rise and Fall in 2026
Home prices are expected to barely rise in 2026, but the story varies by market. Zillow sees gains in affordable Midwest and Northeast cities, while overheated Sun Belt and West Coast markets face declines.
Mortgage Rates Move Higher After the Fed Rate Cut, Causing Loan Demand to Drop
Applications to refinance a home loan fell 4% for the week and were 86% higher than the same week one year ago. Last year at this time, the rate on the 30-year fixed was 37 basis points higher.
How Can Pittsburgh Have 20,000 Vacant Homes and a Housing Shortage?
Pittsburgh has more than 20,000 vacant housing units, according to U.S. Census Bureau estimates, about 15% of its total stock. Thousands are unlivable or so-called “dead-end” properties, for which the owner died or departed without making arrangements to transfer ownership and left a “tangled title.
Top 10 States with the Highest Share of Home Flipping Activity
In Q3 2025, flips made up 6.8% of sales and returns fell to 23.1%, the lowest since 2008. Activity remains highest in the Southeast, but margins are tightening everywhere.
