Market Breadth Weakens Quarter-over-Quarter

List of the 187 DECLINING
U.S. Real Estate Markets
Currently, 187 markets (46% of all U.S. real estate) experienced ‘real’ (inflation adjusted) declines over the last three months. In the previous quarter, 148 markets (37%) had Q-O-Q declines.
(See the entire list of declining markets below.)
‘Quarterly’ home price comparisons are more volatile than ‘Annual’ but also act as early indicators,
Market Breadth Improves Quarter-over-Quarter

List of the 58 DECLINING
U.S. Real Estate Markets
Compared to last quarter, the total number of Qtr-over-Qtr declining markets has improved significantly!
Currently, 58 markets (14% of all U.S. real estate) experienced ‘real’ (inflation adjusted) declines over the last three months.
(See the entire list of declining markets below.)
In the previous quarter,
Market Breadth Improves Year-over-Year

62 U.S. Markets Lost Value Yr-over-Yr
Compared to last quarter, the total number of Year-over-Year declining markets has improved significantly!
Currently, 62 markets (15% of ALL U.S. real estate) experienced ‘real’ (inflation adjusted) declines over the last year.
Our last Y-O-Y report showed that 102 markets had ‘real’ home price declines (they didn’t even keep up with inflation).
Quarterly Market Data

Published July 18, 2017
List of the 171 DECLINING U.S. Real Estate Markets
Compared to last quarter, the total number of declining markets has improved slightly, but it’s still very alarming.
42% of all U.S. Real Estate Markets Declined Q-o-Q
Currently, 171 markets experienced ‘real’ (inflation adjusted) declines over the last three months.
Market Breadth Continues to Weaken Year-Over-Year

1/4th of U.S. Markets Lost Value Year-over-Year
It doesn’t feel right.
102 out of the 400 major real estate markets in the U.S. experienced ‘real’ decline in home value Year-Over-Year… they didn’t even keep up with inflation.
NO ONE is talking about this.
I’m not saying the sky is falling,
Quarterly Market Data

List of the 199 DECLINING U.S. Real Estate Markets
The previous Market Report caused lots of questions about when to use “Year-Over-Year” vs. “Quarter-Over-Quarter” data. When analyzing YOUR local market, you need to look at BOTH; they produce very different results in rapidly changing markets (that’s a good thing!).
Half of all real estate markets lost value Qtr-over-Qtr
Almost 1/5th of all markets lost value Yr-over-Yr
You can see from the two headlines above,
Market Breadth Getting Weaker

Half of all real estate
markets losing value Qtr-over-Qtr
Almost 1/5th of all markets losing value Yr-over-Yr
I just got back from a real estate mastermind conference; lots of very smart investors. NONE of them knew that nearly 1/5th of all major US real estate markets are now in decline.
They were blown away when I showed them the list (scroll down).
Real Estate Cycles

You’ve always heard real estate moves in cycles… but what does that mean?
More importantly, how can YOU profit from it?
As a general rule, prices for most things are stable (not cyclical) because changes in demand are quickly offset by adjusting supply. If you’re a widget manufacturer and more people want widgets,
Was the Last Real Estate Crash Truly Unique or Just a Blip On the Radar?

If you have lost significant money as an investor or personally, I know it never feels small. I’m sorry that happened to you.
There is something much bigger going on beneath the surface. Painting the recent real estate downturn as the “event of the century,” screaming that this has never ever happened before and that we will never ever recover from it makes for good headlines,
The 600 Lb. Gorilla Falls – Part 2

The 600 Lb. Gorilla Falls — How A Simple Glimpse At THIS One Picture Could Have Saved Him His Shirt (And How It Can Save You Yours, Too!)
Part 2 of 2
Here he goes. The 600 lb. investing gorilla has made his ascent. And he is about to fall, big time. (Here is Part 1 in case you missed it.)
Now remember,
How All Real Estate Owners Lost $45k The Last Few Years

Why It Had NOTHING to Do With Your Investing Strategy
Did you lose a lot of money in real estate during the last down cycle? The answer, in all likelihood, is yes, you did. You didn’t have to!
See why here on my latest Real Estate Market Report
Look – there’s a time to be actively,
My Home Is Going To Double In Price And My Neighbor’s Will Be Worthless In Just 12 Months!

Zillow, Not Just A Crazy Name, It’s A Crazy Way To Look At Home Prices
Besides Fundamental Analysis, the other major blunder is trying to use “median” home prices to forecast local real estate cycles.
It’s what everyone tries to use because those numbers are readily available, and free. It was the only game in town.