Thoughtful Money with Adam Taggart · Wednesday, July 8, 2026
Nick Gerli observes a growing number of distressed sellers in certain housing markets, particularly in the sunbelt and mountain west regions. These sellers, often those who purchased homes after 2022 when prices and rates were high, are now facing higher payments and are being forced to sell. Gerli highlights instances of properties selling for significantly less than their purchase price, with one example showing a $370,000-$380,000 property now listed for $216,000.
“Really, the thing I'm seeing is that if a seller in one of these markets bought after 2022, after both prices and rates went up, that seller has a much higher likelihood of being in a more distress situation, having a high payment, and being forced to sell, right?”
“This house a couple years ago was worth 370, 380,000 in the market. Well, today, what is it worth? It's listed for 216,000. That price point is about a 40% discount to replacement cost today.”