Nick Gerli (@nickgerli1)

A mass homebuyer exodus is hitting Miami. Transactions have fallen 47% from their pandemic peak. From 3,600 in August 2021. To only 1,900 in August 2026. This represents the lowest sales activity Miami-Dade has seen since the end of the last housing crash. In fact, sales today are about 25% bel...

Florida's housing downturn is entering a new stage: severe mortgage distress. It now ranks #1 in the U.S. for foreclosures. And we're starting to see listings like this, where the homeowner is trying to sell for $130,000 less than they paid in 2022. That's a 40% loss in just four years. Many peo...

Stocks and housing have never been this expensive relative to the U.S. economy. Stock market value: 250% of GDP. Housing value: 146% of GDP. This is the first time in modern U.S. history both have simultaneously approached record valuations. In 2000, it was mostly stocks. In 2006, it was mostly...

The housing market has never been this unaffordable in U.S. history. With inflation-adjusted home prices setting a record over the last three years. We're now in the biggest housing bubble of all-time, and the only period that came close was 2006, before the big crash. Many people like to tell yo...