Record listings. Six-figure price cuts. Rising foreclosures. Welcome to housing Demonetization.
I live in Florida, where "for sale" signs are piling up and some sellers are cutting six figures off their asking price. But here's the tell: the statewide median is still technically "up" about 1.8 percent, while inflation ran 4.2 percent. That gap is the whole story. My new piece on how your house became a broken savings account, why flat prices are a real loss you can't see, and what actually fixes it.