We now track, analyze and score median rents paid for Single Family Residential (SFR) properties. We also compute the rental growth RATES for virtually all State, City, County and Zip Code level markets.
We then score and rank each market based on its rent growth and compare it to where it is in its appreciation cycle.
43% Of US Housing Markets
Currently, 175 markets (43% of all U.S. real estate) experienced ‘real’ (inflation adjusted) declines in property values compared to the prior Quarter.
For the same period last year 146 markets (36%) saw Q-O-Q declines.
Note: Because of seasonal variations between quarters,
47% Of US Housing Markets
Currently, 189 markets (47% of all U.S. real estate) experienced ‘real’ (inflation adjusted) declines in property values compared to the prior Quarter.
For the same period last year 187 markets (46%) saw Q-O-Q declines. While the ‘total’ number of declining markets are roughly the same,
26% Of US Housing Markets
Currently, 104 markets (26% of all U.S. real estate) experienced ‘real’ (inflation adjusted) declines compared to the prior Quarter.
In the previous quarter, 73 markets (18%) declined.
148 markets (37%) saw Q-O-Q declines in the year ago period. (Because of possible seasonal variations,
61 U.S. Markets Lost Value Year-Over-Year
Currently, 61 markets (15% of ALL U.S. real estate) experienced ‘real’ (inflation adjusted) declines over the last year.
In the previous quarter, 68 markets had annual home price declines (they didn’t even keep up with inflation).
(See the entire list of declining markets below.)
In addition to the list of declining cities below,
Here’s another quick screenshot of our new micro maps, this time of the 9 hottest COUNTIES for real estate.
There are more than 3,000 counties in the U.S. Many are strong investment markets right now.
Some of these counties are just now emerging,
This quick screenshot shows the weakest COUNTIES for real estate in the U.S.
Note how they’re widely dispersed across the U.S. (The 22 weakest counties are in 17 different states).
That’s not a good sign for any real estate investor in today’s markets.
We’re now able to filter through thousands of zip codes and rank them in a single click. It may be the most powerful tool we’ve created in the last 12 years.
All EXISTING PRO members get this new zip code tool (at no extra charge).
If you’re not already a member,
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,
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,
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,
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,