“Why is Ireland so expensive? House prices are always Dublin’.” Those days are temporarily over in the United States, and the pendulum is quickly swinging to more inventory and price cuts in many places and price points. (If you’re wondering where your client can pick up an average home for cheap: Most Affordable U.S. Cities to Buy a Home for $300k or less.) Of all the major metro markets, Phoenix boasted the greatest number of listings with price cuts, at 31.3%, up more than 7 percentage points from the same period last year amid rising inventory. (The typical home in Phoenix costs $525,000, representing a drop of more than 3% from May 2024.) Here in Tampa, citizens saw the second-biggest share of discounted listings, at just below 30%. The median list price in the Sunshine State market stood at $417,500, having shed 1.6% compared with the same time last year. Coming in at No. 3, Denver had 29.4% of local home sellers slash prices on their properties last month. (Today’s podcast can be found here and this week’s are presented by Flyhomes, the leading wholesale lender for Buy Before You Sell solutions. Whether your borrowers run into DTI issues, need to unlock home equity for down payment, make a stronger, cash-like offer, or even move potentially with no cash out of pocket, Flyhomes provides a full suite of financial products to help them move forward, before selling their current home. Hear an interview with LoanLogics’ Roby Robertson on the proliferation of the non-QM mortgage market, examining its key growth drivers, borrower trends, technological advancements, and how lenders are navigating risk and compliance amid shifting economic conditions.)