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 of the M3 Melody Substack. She is known for her on-the-ground reporting from housing markets across the U.S. and her sharp analysis of credit, lending, and demographic shifts. Her work bridges Wall Street data with street-level insight, helping investors and families understand what’s really happening in housing markets. Melody’s commentary has been widely followed for her clear, candid assessments of where the housing cycle is headed.
In this interview we cover:
Why builders are overbuilding and competing with themselves
The shocking incentive packages (price cuts, buydowns, free perks)
The surge in short sales and what it means for comps
Why institutional landlords are now net sellers
Regional hotspots: Dallas, Miami–Fort Myers, Phoenix, LA, Midwest, and Northeast
How demographics, insurance, and municipal issues compound the pressure
Practical steps for families to avoid FOMO and protect themselves
This is not just a market cycle—it’s a reset.
