 But now they're coming back down to earth and sometimes painfully so, says ReVenture CEO Nick Jurley. These pandemic boom towns, they just got way too expensive over the last two or three years. They're 20, 30, maybe even 40 percent overvalued in some cases. And now that we're seeing the inventory levels spike and the number of price cuts on the market spike, that's the signal for you all out there that the market is shifting down, particularly in Texas and Florida.