
Thoughtful Money with Adam Taggart Home Prices Will Be Heading Lower For Years | Melody Wright
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Aug 24, 2025 Melody Wright, a housing analyst known for her expertise in real estate trends, warns that home prices are set for a significant decline. The correction is just beginning and could last until 2025. She discusses the surprising drop in new home prices below existing ones, demographic shifts driving housing changes, and the market's challenges from tightening lending standards. Melody also explores the implications of inherited homes and migration patterns on the housing market's future.
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Family Refinance Shows Appraisal Drop
- Melody related a family refinance where the appraiser marked the home $20,000 lower than a year earlier.
- She uses this to show appraisals and valuations are starting to tighten and reveal falling prices.
Housing Shortage Narrative Is Misleading
- Melody says the 'housing shortage' narrative is false because demographic shifts and investor selling are increasing available supply.
- She points to household consolidation and booming institutional buy-ups reversing into rising inventory.
FHA Support Has Been Masking Distress
- FHA loss-mitigation changes masked distress but those supports are tightening and many FHA borrowers are fragile.
- Melody warns delinquencies and foreclosures will rise once government forbearance/workouts are restricted.

