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It’s easy to blame red/blue or whatever state differences here, but I wonder if it’s as simple as: there’s *normally* net migration from NE to sunbelt; but the cost of new mortgages stopped most of it, and the relative difference in home building inertia persisted
21.7.2025
Really wild how there are two housing markets now.
If you live in the northeast or Midwest, prices are rising, everywhere around you.
If you live in the south or west, prices are falling, everywhere around you.
And if you live in Florida, the bottom’s falling out.
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