Home Sales Are Completely Dead (Video)
In this 23 May 2025 video, host Michael Bordenaro talks about the conditions in the US housing market which have been continuously deteriorating and have been swinging more and more towards a buyers market as inventory continues to build, buyer demand continues to slow down, and all of this is happening at a time of year when this is supposed to be the busy housing market season.
https://youtu.be/JAeu1FtcD04
0:00 Latest housing market trends
8:53 Latest Florida housing stats
13:10 Office space real estate has lost 90% of its value
16:06 Portland’s Big Pink problems
19:14 What did you expect?
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Taxes steal the house away from you and the inspection says you can’t live in it and put a big red X in front. And some hacker sells your house claiming they own it.
One has to ask what is the real construction cost of a home? The supply, consists of some bags of cement; some 4X4 beams, plywood, waterproof & plumbing & electrical supply, et cetera. Add the skilled labor and question yourself why does the enormous price attains such heights (!?!). To day there is a scandal about the LVMH hand-bags made in China and sold in luxury boutique with huge mark-up. Is not that the same for the real estate market?