News

What Happens When Housing Prices Go Down (because they are)?

July 25, 2025/

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What happens when prices actually start to fall?

Because that’s not just a hypothetical. It’s already happening in places like Phoenix, Atlanta, Miami, Dallas, and more. And the response hasn’t been to declare victory. It’s been panic. Builders are walking away. Lenders are tightening. Policymakers are rushing to backstop the system.

The theory says we should be celebrating and accelerating home production even more to get prices to levels that would actually be affordable. The reality demonstrates otherwise.

 

Charles Marohn


Click here to read the story.

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