Overbuilding, Short Sales & What’s Next (Melody Wright)

The U.S. housing cycle is entering what analyst Melody Wright calls the “Bulldozer Phase.” After years of cheap credit and speculative building, cracks are spreading across Dallas, Miami, Phoenix, LA, and beyond. Melody returns from Dallas and a national default conference with ground-level evidence: builders competing with themselves, $50k price cuts, FHA buydowns as low as 3.75%, and even giveaways like free fridges just to move inventory. Short sales are spiking, institutional landlords are quietly unloading properties, and municipal stress is starting to bite. Who is Melody Wright?Melody Wright is a nationally recognized housing and mortgage strategist, and the writer…