Zillow Confirms 53% of Sellers Are Losing Value
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Zillow Confirms 53% of Sellers Are Losing Value
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We are now seeing the biggest condo downturn in America since 2008. During the pandemic, people bought condos they couldn’t really afford, and now many are being forced to sell. As a result, condo values across the U.S. just posted their sharpest one-year decline in 15 years. In several states, condo owners are liquidating faster than at any point in the last decade and a half. So when will it actually be a good time to buy a condo, especially in a state like Florida? Cities such as Cape Coral,
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We are now seeing the biggest condo downturn in America since …
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Reventure Data on Instagram: "How are layoffs going to impact the housing market next year? We’re seeing a massive surge in corporate layoffs heading into the end of 2025 — the biggest in more than 20 years — with companies like Verizon, UPS, and Amazon cutting tens of thousands of workers. At the same time, U.S. hiring rates are near the lowest level since 2008, which signals tough conditions ahead for home prices in 2026. Fewer buyers, more sellers, and more stress in the market. We’re also se
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Some people say there’s no housing market downturn — but when you actually look at real listings on Zillow, it tells a very different story. Sellers are getting desperate. Take this three-bed, two-bath flip in Atlanta — the price was cut by $200,000, now listed at $250,000. Or this home in Phoenix, originally priced at $390,000, now reduced to $320,000 — less than it sold for two years ago. Across the country, home values are declining in roughly 15 states year over year, while prices in much of
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