Home Buyers Regret Skyrockets | Shocking Housing Market Trends

My house was the only thing of value I had to pass down to my kids. Something very bad is happening in the housing market as homebuyers' regret surges to historical highs to mind-blowing levels. And today we're going to listen to some of those homebuyers with that regret. And we're also going to unpack Redfin's most recent housing market update to discuss price manipulation, broken methodology, recent leading indicators, and this week's winning and losing metro areas. And I'm going to show you guys once again how terrible and absolutely mindless it is to say, date the rate, marry the house, buy now, because a flood of buyers are coming to take your dream home. Real estate always goes up in value, and it's always a good time to buy. You guys, here's the thing. All of those things are flat out lies being thrown up by tyrants and sales associates looking to make a quick buck off of your bad, uneducated decision. So pay attention, and we can avoid these bad decisions together by using math and trusting absolutely nobody with the largest investment of your life. And welcome back to Real Estate Mindset. You guys already know that this video is going to be absolutely bonkers. Let's start with the opening page of Redfin's article that came out, as you guys can see here, June 5th, titled Some would-be home sellers are stepping back as the market tilts towards buyers. Many prospective homebuyers are sidelined by near-record costs and economic uncertainty, creating a buyer's market in many parts of the country that's deterring some would-be sellers. I put several arrows right here because this is something that you guys really need to understand that, if you don't understand this already, the pendulum is swinging, right? The laws of supply and demand that we've been hearing about for two to three years, that's all changing, and that pendulum is on the other side of that swing. And we know that because of this data right here. While there are hundreds of thousands of more home sellers than buyers in the market and new listings are still rising, the recent decline in listings suggests some of the spring's would-be sellers are backing off. Which is interesting that they would say that because it's higher than it was last year. So they're saying that there's not as many people this year, but it's higher than it was last year. So how does that make sense? The typical home now sells for about 1% less than its asking price. This is the biggest discount for this time of year since 2020. And just about 28% of homes sell above their asking price, and that's down from 32% last year. This is the weekly realtor genius, and I want you to rate their advice below. If a home is in a desirable neighborhood, especially if it's fixed up, it will sell fairly quickly. And this is an agent from Milwaukee. But even that type of home now gets two or three offers as opposed to the offers it would have gotten a few years ago, which they're saying is about 10. Sellers of homes that need work in fringe neighborhoods should be able to find a buyer, but it's important that they come to the table with realistic expectations on price and timing and a willingness to negotiate price within a fair range based on the neighborhood. Understand that buyers will be inspecting the home and be prepared to give concessions. So if you guys can, rate their advice in the comment section below. To me, everything that you just said is common sense that we should all learn in high school. Let's go back into the video that I was playing for you guys at the start of this of a lady that essentially got trapped with buying a home, and she essentially has no way out. Essentially, she's going to explain to you when you start missing your payment on your house, there is no mercy. It is a dog-eat-dog world. My house was the only thing of value I had to pass down to my kids or the sale of the home. If you've watched my previous videos, I am working on a timeline. I'm also going to share all the fees that I had to pay. So my attorney just let Kentucky Housing Corporation pursue the foreclosure while they're racking up attorney fees on me. So I had to pay their attorney fees. Like I said, something is not right. And somebody needs to do the right thing. Somebody needs to do the right thing. But they have such a dry sense of personality. They're heartless. And I don't know about that with the attorneys or whatever. Not all of them are like that. But yes, very, very dry sense of personality on all of their parts. They have no feeling of I feel bad for anybody type thing. I've been a single mom since 2012. It's not easy making it out there, especially with all this crap. We had fricking what egg prices were $6 for the longest time. I mean, people are having trouble making it out there. Okay. So, you know, everybody's like, well, where's your accountability? I mean, I had nothing left. I've heard of people losing things, losing it all, usually because of maybe addiction or something like that. And I don't have any of that. It's really important to try to learn the lessons that I'm teaching you right now before you buy a house, because oftentimes if you buy a house and you run into some problems or you didn't understand something or you expected someone to react a certain way and they don't meet that expectation, it could financially bankrupt you and ruin you. And there's no one coming to save you. Remember you guys, the federal reserve doesn't save us. It doesn't save us from foreclosure. The federal reserve saves the banks from us going into foreclosure because remember they own our houses as well. Our homes are highly leveraged. And that's why this housing market crash pendulum that's swinging is going to be so very devastating, which brings me to the next segment. Let's look at this week's prices. And remember you guys, Redfin uses their own methodology when coming up with the four week rolling median, but here it is. This is for June 1st of 2025. And the new median sales price, as you guys can see here is $393,750. Now this is saying that median sales price is up 1.2% year over year. And remember year over year compares the preceding year to this price. So it would measure the green line, which is 2025 with the blue line, which is 2024. So it's measuring the difference between these two lines right here for that specific period of time. Now I want to show you guys just real quick, let me zoom in here, what it looks like week to week. So here's the trajectory they're saying as far as home prices, and this is important to understand. So here's what it looks like one week to the next. Okay. So as you guys can see here, and I want you to comment below that is going up slightly. So there appears to be a slight increase from one week to the next. Would you guys agree with that? If you agree that that is going up, please comment below because the interesting thing is, is I pulled last week's median sales price right here. And you guys can see on May 25th, 2025, median sales prices were actually higher at $394,375. And what I'm pointing out here is price manipulation. And this is not the first and only time that Redfin has done this. So in other words, you guys, let me just zoom out here so you guys can see the workup. June 1st, the most recent median sales price was $393. Last week's median sales price on the 25th was $394,375, which was $625 lower. That's right, you guys. And they mentioned nothing about it. Median sales price, according to their own data went down week over week, and they're not reporting it. And not only are they not reporting it, look again at the trajectory. They're showing that prices are still going up. And I'm wondering how many people that purchased homes within the last three years did so because they're listening to people that have their own financial narrative that they're pushing. In other words, just go buy a house no matter what, if you can afford it, but they don't mention what affordability even means from both a price and a payment standpoint. And that's leading again, you guys to historical high home buyers regret. Let's listen to another homeowner who recently purchased and is now regretting that decision. She's literally throwing away all of her equity because she's making emotional decisions, choosing to use places like Redfin and Zillow to help her make her purchasing decisions. And it's in the last three and a half years. And honestly, the thought of moving again right now kind of makes me feel a little sick to my stomach, but I also spend way too much time on Zillow. In fact, I like treat Zillow as a form of social media. And I fear I'm experiencing my first case of home heartbreak since moving to Wilmington because I found a house that I'm just completely obsessed with, but we are just like not mentally in a place to buy another house right now. I feel like when we moved back in December, I didn't really share much of our experience with buying and selling the home that we lived in, in the Raleigh area. Buying that house was a massive financial mistake for us. And obviously hindsight is 2020. We have learned from it, but we also are not rushing in to buying another house. That is for sure. Obviously, if we'd known at the time that we bought the house, that we would be moving a little bit over a year later to Wilmington, we wouldn't have bought it. But we had no idea when we bought the house and we just felt like it was something that we needed to do. We were feeling, I don't know, I think we were feeling a little bit of pressure from people in our lives and just like where we were at in general. It felt like it was just the next step in our life, I guess. And I really wish that we had taken a little bit more time to think about what we were doing and decide if that was really the right decision for us. And I'm not blaming anyone else. We're adults. We made our own decision. It's fine. But I just really wish that we had done things differently. We just bought at, I think, probably the worst possible time to buy a house. And for what we owned, our monthly payments were absolutely insane. Between our monthly payments and then what we ended up selling the house for, we ended up losing thousands of dollars on the house, which is just very unfortunate. And moving forward, it has definitely made us very cautious when it comes to buying our next home. Just the whole process of buying a house and selling a house is something that before we did it, I knew very little about. Alicia acknowledged that they were underprepared for the home buying and selling experience, just like millions and millions of other Americans across the nation, which again, there's no excuse to be uneducated buying a house anymore. We've tried to educate each and every single person that watches our channel and provide you guys free courses, free material, how to find a wedge, how to figure out cashflow, how to leave your emotions at the door and use the math to find your deal. You guys, everything is in one centralized location. There is no other place in this world where you can go to get free material that will put you in the league of champions. Again, realestatemindset.org, go there and empower yourself. Now I want to talk about this week's leading indicators and why Redfin's methodology is broken. This is this week's leading indicator. And starting with interest rates, when we compare year over year to the daily and the weekly averages, interest rates are down. So I just wanted to point out, there is no flood of buyers that came back into the housing market. So if you purchase for that reason, understand that you got bamboozled by someone's financial narrative, which is super heartbreaking. Now on top of that, look at this guys, mortgage purchase applications, they're saying is up massively at 18%. And I want to remind you guys, that's just an application. That's literally just an application. It's not even a pending sale or a closed transaction. Now on top of that, and here's why, again, it's so suspicious how Redfin gets their information because Redfin is saying, Redfin Home Buying Demand Index, it's saying that it is up 1% year over year, which doesn't make sense. And I'll show you that here in a second. Now, this is also saying that Google Homes for Searches for Sale, as you guys can see here, is up a whopping 20%. So they're saying that all of this demand is up, their own metrics of demand is up. But yet, we also have data, as you guys can see right here, that's saying pending sales, not even closed transactions. So this is just someone that put an offer on a house, the house went to escrow. These people still have to close a loan. And a lot of people don't close a loan. And we've had a cancellation rate sometimes at 25%. So it's actually less than this. But pending sales, you guys see, are down 0.4%. So how can Redfin say that Redfin Home Buying Demand is up 1% when the truth of the matter is, pending sales are still down, unless it was for financial bias, and unless it was because their methodology is broken. It frustrates me beyond measure because these massive conglomerates, these giant data companies have an obligation of caution and transparency to their readers and to their members. And to say things like home price are still going up, covering up data, making it seem like demand is up, but yet it's actually down. It's very frustrating. And all that does is cause mistrust from data providers and realtors by Americans. You guys got to start coming to the table with truth, honesty, and transparency. And you got to start warning these people. People don't understand just how bad it is to buy an overpriced house from both a payment and a price standpoint, and on top of it, to settle for something that you don't want to even live in. One more homebuyers regret video, and then we'll move on. The past two months, it has been hell, and I lost control, and I was just able to gain back control. There's nothing that sucks more than working so hard to achieve a goal like this. And to not even feel at home in my own house is absolutely heartbreaking. Like I worked so hard for this house, and I've been homeless before, and I should be grateful, and I am, but with everything going on, it's kind of hard to, but I'm ready, and I have a mindset to completely take ownership of this house and move forward from here on out. I wanted to do everything at once, which was a big mistake. Every single house owner that I've spoken to just told me the same thing. It's a process, it's baby steps, and you're not going to get everything done in one day. Give yourself grace, just focus on the things you need to focus on, and the rest will fall into place. Yes, but the really, really important thing there is to do those things before you own the house and have a mortgage, because now you have no choice. You're literally a prisoner in your house, and now you're house poor, so you can literally do nothing else with your life except pay a mortgage note to a bank. And there's so many people out there, oh, you're making your landlord rich. Well, guess what? If you own a house, you're making your bank rich, and you're making the government rich, because they still collect money off the land. You don't really own the real estate. If you stop paying your property taxes, people with guns will come in and take it from you. Just remember that, guys. Now, I want to talk about my leading indicators. We just went over their leading indicators, and there's a few things that I want you guys to look for, especially in your own localized communities. Remember, you guys, even though I'm going to go over national trends right now, real estate is about hyper-local analysis, and using the math to find the wedge, and the cash flow, and leaving your emotions out the door. But here's my leading indicators. I like to go over price cuts, DOM, or days on market, as well as new listings, and months of supply. The reason why months of supply, because it looks at both demand and active listings, and basically tells us where we're at in the housing market. But take a look at this, guys. Starting on the left side, which is price cuts. It's historic. Again, these are my leading indicators. This is nationwide trends from Redfin. Price cuts right now are absolutely through the roof. 6.8% per week of inventory is having price cuts. That's a historical high, and look at how high it is, you guys, year over year. Price cuts right now are absolutely out of control, because sellers want to get rid of their houses, and the only way sellers can get rid of their houses in a market like this is to reduce the prices of their houses, which changes the entire housing market. Because remember, value is obtained by comparable data, which is a house that sold. So once three houses sold for under market value, guess what? That's the new market value. Get it? The other thing is days on market. The longer a house sits on the market, the more likely it is that the price is going to go down, and the easier it is for you to negotiate with the seller. If it's only one day on the market, it's a lot harder to negotiate. If it's been on the market for 120 days and they're paying a mortgage, trust me, it's more likely that they will negotiate. But we have a new, first of all, record high price cuts, surging trajectory. We also have record days on market for this time of year. Year over year is from this to about this. It's up about 4.5 days year over year. So again, leading indicators, both historical highs. When we look at new listings, new listings is also up 6.3% year over year. Okay. So it's up a little bit from here to here, but here's what I don't like about new listings. We're still under where we were pre-pandemic, which was right about there. And another thing I don't like is the downward trajectory because that's been happening for two weeks in a row. So although it is up year over year, which is good, it's not up to the levels that I would like to see. And it's certainly not showing a sudden surge of distress selling. We should be able to see any type of surge of distress selling or collapse inside the new listing data. It's not going up as much as I would like it to, but at least it is up year over year. What is up is the months of supply. Again, you guys, a new record high for this time of year. We have four months of supply. You guys can see that right here and here's what it is year over year. Okay. So we have 2.8 more weeks of supply year over year. This is a very good thing because if you look historically, a buyer's market is four months. The thing is, is we need to maintain four months across the nation. And as you guys know, the housing market is extremely bifurcated. We can see how bifurcated it is when we look at this week's winners and this week's losers. And this is the top 50 populous metro areas. Now on the right here, you guys see, I put California, Florida, and Texas, because they are certainly leading the way. Now, personally, I think that as far as price decline and crisis as far as the housing market, I think that Texas is going to be first, Florida is going to be second, and California is going to be third as far as devastation and price decline. Now, Melody thinks that Florida is going to be first. I think Texas is going to be first. Comment below. Let me know what you think. But let's start with this week's winners. Number one performing metro area is Philadelphia, up 11.4 percent year over year. Number two is Detroit, up 10.6 percent. Three, Pittsburgh, up 7.4. Miami, still on this side, is so crazy. Right now, it's up 7.1 percent year over year. I'm not saying buy Miami. It's very interesting. Now, New Brunswick, New Jersey, is also up 6.9 percent year over year. When we go to the loser column, you guys can see California is leading the way. Oakland down, geez, imagine that. Oakland down year over year, 8.5 percent. Number two is Dallas, actually. So Texas down 4.5 percent. Number three is Jacksonville, Florida. So you guys see what I'm saying? California, Texas, Florida, Jacksonville, number three, down 3.6 percent year over year. Number four, my own metro of Houston, down 2.4 percent year over year. And number five, this used to be always number one, which is Austin, down 1.6 percent year over year. When it comes to new listings, the markets that we kind of should be paying attention to is my local market here in Houston. I told you guys, and guess what? It's leading the way. So Houston is leading the way. I've been telling you guys on my live videos that I do in the mornings, usually Monday and Friday, how much my market is exploding with inventory. I mean, we have so much inventory. It's leading the way. But I highlighted as well, Washington, D.C., because somehow Houston's above Washington. I'm watching Washington, D.C., because they have more layoffs than any high concentration of layoffs. And the labor market affects the housing market. So I'm watching that. Number three, new listings is Montgomery County, P.A., up 13.2 percent. Number four is actually Seattle, West Coast, up 12 percent. And number five is Cincinnati, up 11.4 percent. Another leading indicator is new construction. The data that we went over is mostly existing, although they've sprinkled in new construction, which taints the data even more. But regardless, you guys, another indicator is living in a metro area surrounded by high concentration of new construction. And what I want to do is give you guys an example of how many new homes are in Houston and what some of these builders are offering. And the reason I want to point that out is, is even though they're offering these crazy incentives, they still can't hold their value. The name of this website is New Home Source, as you guys can see right here. And I typed in Houston and it gives me this map. And all of this that I'm circling are new homes. And first, again, you guys have seen me on the road. I'm telling you right now, this is underestimated. They probably have some of some of these, not all, some of these, many of these subdivisions have two to three times more inventory than what they're reporting. And they're reporting in Houston. OK, look at this. Twelve thousand eight hundred and ten new homes. And I want you guys to understand that are just sitting there waiting for some sucker to buy them. And I'm going to tell you, these four hundred thousand dollar houses, the average family, they can't afford that. And the other thing is they're trash. Here's another reason I know, at least in many metro areas, that when rates go down, there's not automatically going to be this flood of buyers. There may be little bubbles here and there. But the problem is, is unaffordability, both from price and payment. And look at what Lenara is offering in Houston. They've been offering stuff like this, guys, for three years and it's changed nothing. They're offering a three point seven five percent FHA fixed rate. You can't get that right now. The only way you get a three percent to four percent interest rate is by new homes because it costs these guys twenty to forty thousand dollars. OK, so it costs them. OK, twenty to forty. You guys think I'm joking. I'm not joking. Twenty to forty K to offer that interest rate. And they're supposed to report that because there's law called I P C's, which stand for interested party contribution that they can't exceed in a forty thousand dollar rate buy down. Surely exceeds that. But that's not all. They're also offering six thousand dollars towards closing costs. So not a lot out of your pocket to move in. But that's not all. A fifty thousand dollar price reduction and a move in ready appliance package, including a refrigerator and washer and dryer. And as you guys can see here, as long as you close by July 31st, that is what they're offering. In conclusion, I'm going to keep this extremely, extremely simple. I hope what is happening right now and what you're doing right now is you're remaining patient. And this is a big one. You're protecting your purchasing power so that you can take advantage for the lower prices, in my opinion, on the other side of this pendulum swing. So you want to protect your purchasing power. You want to be patient. You want to improve your credit, your income and your assets. And you want to improve your comprehension of your own local market trends and analysis. And if you guys are wondering what I'm talking about, don't wonder. Just go to the links in the description and take the free how to do a market analysis and put yourself in a situation to where you have a low likelihood of buyers regret. Now, other than that, guys, let me know how I did on this video. Let me know if you liked it. And if you're out there investing in real estate, you guys already know. I wish you luck and I hope you win.