SCOUT· 67%1h 14m·2026-07-19·MoneyNext Big Downdraft For Housing Market To Start Soon | Melody Wright
Housing analyst Melody Wright expects home prices to start notably softening later this year.Why?Because a wave of distressed sellers looks very likely to hit the housing market by then.So far, sellers have largely tried to resist lowering prices. "Rage delisting has become a trend where, rather than bring down their…
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What people are saying
“I bought a home this summer, and the majority of the homes I have seen sell underwent significant price reductions. The one I bought was competitively priced out of the gate, but another that I had been looking at dropped 125K before it sol…”
“Stop with the intervention. Let the market correct itself and income to home value ratio with stabilize where it should be. I don’t care that my house doubled in value since Covid unless I sold it now. Property taxes and insurance increased…”
“NYC property manager here. Some clarifications: the rent freeze only applies to apartments that fall under rent stabilization law which is a state law. There are luxury rent stabilized apartments (new buildings from the past 20ish years tha…”
“Melody has been getting grief from the real estate sell-side hacks recently, calling her a "doomer" among other things and getting more hyperbolic each week. Watch how quickly these same hacks go from calling her an "irrelevant doomer" now,…”
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