I'm standing in one of America's nicest suburbs and home prices here are absolutely crashing right now. In this video, I'm going to show you just how bad the value declines are happening right here and talk to you about a new report from ABC News which is showing that the US housing market is in deep trouble. ABC News is reporting that home sales continue to fall. Buyer demand continues to drop in the late summer 2026. home sales report from the N showed 3.93 million existing sales which was down from last year down month over month and you can see at one of the lowest levels of demand all time in the US housing market in terms of buyers purchasing existing homes.

This indicates that the housing market entering the fall and winter is going to see big big price drops especially in the cities and neighborhoods where supply has gone up most. ABC News mentioned in that article that the months of supply on the market is now up to 4.88 months. That's actually the highest months of supply we've seen on the US housing market since 2015, an 11-year high. Meaning that there is no more US housing shortage, everyone.

That notion that we're short several million homes, that's now over. That's gone. We're actually entering a period now of over supply in the market, especially where I'm standing right now. This is one of America's nicest suburbs. The median income is over 180,000. The schools are a 9 out of 10. And yet, home prices here are in complete freefall. You can see the houses here in this neighborhood are absolutely beautiful.

They're really big. They're nice. The median income in this neighborhood is over 180,000. But that's not stopping situations like this house in front of me. Everyone, the owner on this C house has cut the price. It's a five bed, four bath, $3,800 ft², now priced at $133 a foot, well below replacement costs. And you can see the Zillow value estimate is down 26% in the last 2 years alone. That's a fullscale crash. 26% in 2 years in a highinccome area with nine out of 10 schools.

And I'm going to tell you where I'm standing in a second because this is ultimately like a massive surprise housing crash. I actually lived in this city for about 6 months, four years ago. And I talked to all the locals and they told me back in 2022 that prices would never drop. They were so confident that prices would continue going up because of all the people moving here, because of how good the schools were. Fast forward four years, everyone, it's a bloodbath.

And one of the reasons actually prices now are dropping here is because of the changes in the immigration. There's way less immigration into the US right now than there was 3 or 4 years ago. In fact, we're at almost a 50-year low on immigration, the number of people from other countries coming to the US. And this area was a hotbed for high-end, educated, skilled immigrants coming and buying up homes, often on H-1B visas.

They'd be on temporary work visas and buy up houses with governmentbacked mortgages. and the Trump administration put a stop to that. So that's actually lowered the demand in this area. People on H-1B visas can no longer use FHA governmentbacked mortgages to buy houses, which I think is a good move. I don't know how we ever allowed that in the US housing market. People who are here on a temporary visa to use 5% down FHA mortgages to buy.

Here's another house for sale. This is like three houses for sale in just like a block and a half. You can see they originally tried to sell this one for 750 in 2022. It's now $690, $200 a foot. The mortgage payment on this puppy, including taxes, insurance, would be six grand a month, according to Zillow. I mean, how many people in this economy have six grand a month lying around to buy a house with a mortgage and pay those taxes?

I'm telling you, not too many. The median income in the US is around 85,000. Now, you could think, you know, yourselves, if you make above that, below that, or right at that level, for someone who makes 85,000, the mortgage payment maybe that they could afford, including taxes and insurance, is probably like 2,200 a month. That'd be about 25% payment to income ratio. But yet, here in this North Texas suburb, we have 6,000 a month.

And granted, the median incomes here are 180 grand still, but not enough to afford those payments. And if you guys haven't figured it out already, I'm in Frisco, Texas, which is north of Dallas. This is one of the nicest suburbs in the US. This is like consistently ranked as like number one place to live, number one place for job growth. Plenty of corporate relocations here. Frisco, Plano, and Colin County. We're about 30 minutes north of Dallas.

And you can see these are like the quintessential US suburb, you know, these areas. However, the values are plummeting. In Colin County, according to Daton Reventure app, values are down 10% already from the 2022 peak. That's one of the biggest drops for any large county in the US. Additionally, you could see in these zip codes, zooming in closer, declines as big as 19% from the peak in 2022. And I want you to actually pay attention to this, folks.

I'm going to switch the map from decline in prices to incomes. And you can see all of these areas are high income, which is kind of the crazy thing. Most of the areas I show you on this channel experiencing downturns are lower to middle inome areas. That's where the downturn is hit first. Lower to middle inome areas in Florida, Georgia, Tennessee, Nevada. But this is one of the first examples I found of a highincome neighborhood, a highincome county getting hit really, really hard.

And I think this should scare some people out there who think that their area is impervious to a decline. You know, I still see it in the comment section all the time, folks. Like people who own houses in certain parts of maybe Miami or Vegas or Phoenix or Nashville, they seem to think that the downturn will never come for them because they're in a good school district. They have a high income. But here we have one of the highest income areas in the US experiencing a big drop in prices.

And what's amazing about Texas in areas like this is that they just build these towns pretty much out of nowhere. Like 20 years ago, much of Frisco, much of Little Elm over there didn't really exist in the same way. But they're just building these new retail shops left and right. The traffic here is absolutely insane. Some of the worst traffic in America is here north of Dallas. And so there are clearly people here, but they just don't stop building.

So, there's just more and more supply hitting the market at a time when there aren't as many California buyers moving in. At a time when the uh immigrant home buyer demand has gone way down, and that's just causing a correction. And look at this, everyone. They're clearing even more land here. What are they going to build here? You can see those Texas rooftops in the background. They're building some more stuff here.

There's going to be more retail. There's going to be more homes for sale. Looks like there's a sign for mixeduse development across the street. And remember folks, the values are already plummeting. The values here are down 10 to 20%. In the last four years, and they're going down even more just relatively in the short term. So what are these builders doing? What are these developers doing? Well, folks, this is just what they do in Texas.

Texas is a state that just builds and builds and builds. And that's part of its character. That's part of its persona. That's actually a good thing in the long run because it's going to mean cheaper, more affordable prices. It's one of the reasons why a market like Austin has crashed and become way more affordable. Home prices in Austin are down 27%. Apartment rents are down 21% from peak. Austin is now one of the more affordable areas in America to rent an apartment.

That's going to mean people moving back to Austin. That's going to mean more business growth in the long run. We're starting to see the same thing happen here north of Dallas. We're also seeing San Antonio go down. We're also starting to see Houston go down. So, this is actually all good news, everyone. And I want you all to understand that this is great news to Texas housing market correction. It's proof that building homes and apartments works in terms of improving affordability and that more states should be like Texas in terms of allowing development to take place.

Maybe one of the reasons California remains so expensive is because they only permit half the homes that Texas does despite the fact that California's population is bigger. You know, if you if you guys are in California, if you are in New York and you're scratching your head like why are prices not dropping in my area? One reason is they restrict building there. They make it really hard to develop. They charge crazy impact fees.

There's burdensome environmental processes. But in Texas, it's pretty easy to get a permit. It's pretty easy to build. Folks, I want to show you what that building is now doing to prices. This is another example of a huge, huge discount happening here north of Dallas. This house behind me, three bed, three bath, 2800 ft². Big house, nice house when you look at the pictures. Well, it is down 20% in value in the last 2 years.

They've cut prices 80,000 already. And you could see here at 380 is getting closer and closer to where this sold for in 2019 prior to the pandemic at 290,000 was the 2019 price. So 290,000 in 2019, 380,000 in 2026. You guys can let me know how much more you think the price of that house needs to drop before it sells or before it's a fair value. The interesting thing is that's about right now if it sells at current list 31% appreciation over 7 years which is a little more than 4% a year which is almost about what the inflation has been in the economy since 2019.

So that house back there adjusted for inflation has not appreciated a current list. It might drop by even more. And so this is the thing I want you all to understand like this downturn is happening folks. I hope my videos can help prove that to you all because I I know there's a lot of people who are still like skeptical of it. I even, you know, meet people on the street sometimes and they watch my channel and they say, "Hey, Nick, love your content." But then they seem to doubt that prices are dropping and will drop.

Folks, every single city I go to, I'm showing you houses with huge discounts. I'm showing you houses where sellers are taking losses. This is happening across Florida. This is happening across Georgia. This is happening across Tennessee. This is happening across Texas. This is happening across Nevada and this is happening now not just in lower to middle- inome neighborhoods. It's happening in higher inome neighborhoods.

And I expect these price declines to continue in these parts of the country because the fundamentals still don't make sense. Home prices are still overvalued by about 8 to 10% in much of Colin County and parts of Frisco. Meaning we could see another 10% correction. And if we see another 10% correction over the next year, that's going to bring the total declines to like 20 to 30%. Which people would have told you was unfathomable four years ago.

But a good question is when do you get in and when are other buyers going to start jumping back into the market? Again, people in housing like the mainstream housing analysts that, you know, the part of what I call the real estate mafia, you know, they try to tell you still that there's no decline and they would have told you that, oh, if there was a drop, people would just jump back in to buy. But the other interesting thing is prices are dropping here and no one's seems to be jumping back in.

The sales in DFW are still pretty low. The sales in Texas are still pretty low. Texas's migration still down 70% from its pandemic peak. So we have values dropping, but the the demand isn't really surging. And you know, I think we're just going to see more of this in the future. Again, you go back to that ABC News article, right? This all comes back to the fact that demand is in the tank. Sales were 3.93 million in August 2026.

That was the second worst August in the last 30 years for sales. There's no demand in this market. And as long as there's no demand, as long as people aren't buying, as long as there's a buyer boycott, we're going to continue to see price cuts. That's just logical, right? If you look at this graph on home sales, it's logical that home prices are going to have to drop to bring demand back into the market. The question is, how much are they going to drop?

And when should you strike? When should you start making offers on homes like this? And when should you try to secure yourself a deal? Well, folks, I would say right now is the great time to actually start making offers. Now is a good time to start getting in there and putting offers out there below list price. Because while I'm not going to say it's a good time to buy, I am going to say if you live in Texas, if you live in Florida, Nevada, Georgia, Tennessee, Colorado, one of these states in blue on this map where we're forecasting prices to drop in 2027, get out there and make offers and zoom in into your neighborhood actually and see what the price projections are for your neighborhood.

If you see a big downward forecast for your neighborhood like we have here in north of Dallas, that's great news. If you're a buyer, that means lots of leverage, lots of homes for sale. That means sellers are starting to figure out it's a down market. That means you could potentially slide in there and make a significantly below market offer and have it accepted. That's what I did earlier this year in Atlanta. I bought a house in Atlanta that was a 2021 build.

I bought it for 160,000 less than the owner paid in 2023. That was a 35% discount. Again, people would tell you that that's impossible. You know, the average realtor would say, "No way could you get a house for a 35% discount in 2026." I did it earlier this year using this data. You guys can do it, too. And the next two months, October and November, are going to actually be great times in most of these markets to submit offers on a seasonal basis.

Just make sure you don't get too in over your head. Make sure you don't overpay and make sure to get a big big discount. To do that, go to ww.reventure.app, app. Sign up for our premium plan to unlock all of our tools to help you unlock our 2027 price forecast and unlock unlimited use of our listing tool analyzer so you could see how much to offer on these homes.