Subject: Re: Control Panel: Market front-running the Fed agai
https://www.fastcompany.com/91...


Sun Belt housing markets are so weak that homebuilder Lennar’s average home price is down 22%
Lennar spent an average of 14.3% of its final sales price on incentives in Q3 2025. That’s its highest incentive rate since 2009.


I had a headline last week that YoY July prices had declined in 38% of the largest 200 real estate markets in the US. That, of course, does not include markets that currently are falling but did not have a negative YoY July 2025 number.