US Housing Market Sees Significant Increase in Delisted Homes
According to The Kobeissi Letter, approximately 73,000 homes were delisted in December after failing to attract buyers, marking the highest number in 9 years. This represents a 64% increase from about 44,500 homes removed from the market in December 2023, indicating a potential slowdown in the housing market. This trend may affect investor sentiment and market strategies in real estate-focused portfolios.
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On February 24, 2025, The Kobeissi Letter reported significant shifts in the US housing market, which could have a ripple effect on the cryptocurrency markets (KobeissiLetter, 2025). Approximately 73,000 homes were delisted in December 2024 after failing to attract buyers, marking the highest delisting number in nine years. This represents a 64% increase from the 44,500 homes delisted in December 2023, indicating a cooling trend in the real estate sector (KobeissiLetter, 2025). The delisting of nearly one in ten properties reflects a significant shift in market dynamics and could potentially influence investor sentiment in related financial markets, including cryptocurrencies. This news comes at a time when macroeconomic indicators are closely watched by traders in the crypto space, as they often look for correlations between traditional markets and digital assets (CoinDesk, 2025).
The delisting surge in the housing market could lead to a cautious approach among cryptocurrency investors, particularly those with exposure to real estate-backed tokens like RealT (REAL) and REcoin (RECO). On February 24, 2025, at 10:00 AM EST, REAL traded at $1.25, down 2.5% from its opening price, while RECO was at $0.80, reflecting a 3% drop (CoinMarketCap, 2025). The trading volumes for REAL and RECO increased by 20% and 15%, respectively, suggesting heightened interest or concern among investors in these assets (CoinGecko, 2025). Furthermore, the broader market indicators such as the Bitcoin Fear and Greed Index, which stood at 45 (neutral) on February 24, 2025, at 9:00 AM EST, indicate a cautious market sentiment that might be influenced by the housing market's downturn (Alternative.me, 2025). This sentiment could affect not only real estate-backed tokens but also other cryptocurrencies, as investors might adjust their portfolios in anticipation of economic shifts (Bloomberg, 2025).
From a technical analysis perspective, on February 24, 2025, at 11:00 AM EST, Bitcoin (BTC) showed a bearish divergence on the 4-hour chart, with the price at $45,000 and the Relative Strength Index (RSI) at 60, indicating a potential reversal (TradingView, 2025). Ethereum (ETH), trading at $3,000, also displayed a similar pattern with an RSI of 58 (TradingView, 2025). The trading volume for BTC and ETH increased by 10% and 8%, respectively, compared to the previous day, suggesting increased market activity and potential volatility (Coinbase, 2025). On-chain metrics further support this analysis, with the Bitcoin Network Value to Transactions (NVT) ratio at 75 on February 24, 2025, at 10:30 AM EST, indicating that the network's value is high relative to its transaction volume, which could signal overvaluation (Glassnode, 2025). For Ethereum, the Gas Used metric was at 80% of the total gas limit, suggesting high network activity and potential congestion (Etherscan, 2025). These technical and on-chain indicators, combined with the housing market news, suggest that traders should closely monitor market movements and adjust their strategies accordingly.
In the context of AI developments, the recent advancements in AI-driven real estate analysis platforms could impact the crypto market. On February 23, 2025, AI Realty Analytics announced a new machine learning model that predicts housing market trends with 90% accuracy, which could influence investor sentiment towards real estate-backed tokens (AIRealtyAnalytics, 2025). Following this announcement, tokens like REAL and RECO experienced a 5% increase in trading volume on February 24, 2025, at 9:30 AM EST, indicating a direct impact on these assets (CoinMarketCap, 2025). The correlation between AI news and crypto market sentiment is evident, as AI-driven analytics can provide more accurate data for traders, potentially leading to increased volatility and trading opportunities in AI-related tokens. Additionally, the broader crypto market showed a slight positive correlation with AI developments, with major assets like BTC and ETH experiencing a 1% increase in trading volume following the AI news (Coinbase, 2025). This suggests that traders should monitor AI news closely, as it can influence market sentiment and create trading opportunities in both AI-related and major crypto assets.
The delisting surge in the housing market could lead to a cautious approach among cryptocurrency investors, particularly those with exposure to real estate-backed tokens like RealT (REAL) and REcoin (RECO). On February 24, 2025, at 10:00 AM EST, REAL traded at $1.25, down 2.5% from its opening price, while RECO was at $0.80, reflecting a 3% drop (CoinMarketCap, 2025). The trading volumes for REAL and RECO increased by 20% and 15%, respectively, suggesting heightened interest or concern among investors in these assets (CoinGecko, 2025). Furthermore, the broader market indicators such as the Bitcoin Fear and Greed Index, which stood at 45 (neutral) on February 24, 2025, at 9:00 AM EST, indicate a cautious market sentiment that might be influenced by the housing market's downturn (Alternative.me, 2025). This sentiment could affect not only real estate-backed tokens but also other cryptocurrencies, as investors might adjust their portfolios in anticipation of economic shifts (Bloomberg, 2025).
From a technical analysis perspective, on February 24, 2025, at 11:00 AM EST, Bitcoin (BTC) showed a bearish divergence on the 4-hour chart, with the price at $45,000 and the Relative Strength Index (RSI) at 60, indicating a potential reversal (TradingView, 2025). Ethereum (ETH), trading at $3,000, also displayed a similar pattern with an RSI of 58 (TradingView, 2025). The trading volume for BTC and ETH increased by 10% and 8%, respectively, compared to the previous day, suggesting increased market activity and potential volatility (Coinbase, 2025). On-chain metrics further support this analysis, with the Bitcoin Network Value to Transactions (NVT) ratio at 75 on February 24, 2025, at 10:30 AM EST, indicating that the network's value is high relative to its transaction volume, which could signal overvaluation (Glassnode, 2025). For Ethereum, the Gas Used metric was at 80% of the total gas limit, suggesting high network activity and potential congestion (Etherscan, 2025). These technical and on-chain indicators, combined with the housing market news, suggest that traders should closely monitor market movements and adjust their strategies accordingly.
In the context of AI developments, the recent advancements in AI-driven real estate analysis platforms could impact the crypto market. On February 23, 2025, AI Realty Analytics announced a new machine learning model that predicts housing market trends with 90% accuracy, which could influence investor sentiment towards real estate-backed tokens (AIRealtyAnalytics, 2025). Following this announcement, tokens like REAL and RECO experienced a 5% increase in trading volume on February 24, 2025, at 9:30 AM EST, indicating a direct impact on these assets (CoinMarketCap, 2025). The correlation between AI news and crypto market sentiment is evident, as AI-driven analytics can provide more accurate data for traders, potentially leading to increased volatility and trading opportunities in AI-related tokens. Additionally, the broader crypto market showed a slight positive correlation with AI developments, with major assets like BTC and ETH experiencing a 1% increase in trading volume following the AI news (Coinbase, 2025). This suggests that traders should monitor AI news closely, as it can influence market sentiment and create trading opportunities in both AI-related and major crypto assets.
The Kobeissi Letter
@KobeissiLetterAn industry leading commentary on the global capital markets.