Adam Taggart | Thoughtful Money, Released on 8/24/25

Get ready for years of pain for home prices, warns housing analyst Melody Wright. In fact, the correction is already underway. But it’s only just getting started in her estimation. Follow Melody at her Substack at m3melody.substack.com Or on X at @m3_melody

0:00 – Melody Wright discusses housing market trends
1:16 – Announcement of Thoughtful Money Fall Conference, October 18th
2:40 – Housing correction underway, gravity impacting national prices
4:56 – New home prices signal future declines, builder concessions
7:04 – Inventory accumulation in Northeast, Midwest, and resort towns
10:54 – Banks tightening lending standards, impacting affordability
13:35 – Debunking housing shortage narrative, demographic shifts
8:03 – Rising delinquencies in FHA loans and consumer credit
23:41 – Non-bank lenders face liquidity issues, banks may re-enter
29:00 – Mortgage rates may not drop due to tightened lending
31:48 – Multi-year housing correction vs. Ivy Zelman’s outlook
37:22 – Boomer aging-out driving inventory surge
43:07 – Limiting investor purchases to address affordability
50:16 – Migration from high-tax states like California
56:07 – Policy impacts on housing and economic outlook
59:09 – Foreclosure increases signal broader acceptance by June 2026
1:03:17 – Where to follow Melody Wright’s work

Adam Taggart is the Founder of  Thoughtful Money. He is also Co-Founder and former President of Peak Prosperity. Adam is an experienced Silicon Valley internet executive and Stanford MBA. Prior to partnering with Chris Martenson (Adam was General Manager of our earlier site, ChrisMartenson.com), he was a Vice President at Yahoo!, a company he served for nine years. Before that, he did the ‘startup thing’ (mySimon.com, sold to CNET in 2001). As a fresh-faced graduate from Brown University in the early 1990s, Adam got a first-hand look at all that was broken with Wall Street as an investment banking analyst for Merrill Lynch. Most importantly, he’s a devoted husband and dad.

  home prices, housing market, Melody Wright, real estate