04/11/2023
Zillow Is Peddling Some Real Nonsense, Again!🤭
The real estate news can no longer sell a coming crash, it is both exhausted and no longer gets attention. So, what does the real estate press promote? Mostly nonsense.
Before we get into that, let's, as always, start with the data. Mortgage rates closed at 6.34%, about the same as it has trended most of this year.
Inventory: nationally, housing stock continues at record lows for periods other than during the Pandemic, and has declined to match the rates of 2021. As I have repeatedly said, as long as inventory is low prices cannot go down much.
So, are housing prices going to crash?
The data is starting to show after a significant concession over the past 6-9 months, the market is returning towards a more regular level of incremental increases. Black Knight's Housing Price Index increased in February and remains positive for the past 12 months at 1.9%.
Source: https://www.youtube.com/watch?v=8JNYttVFeqY
⚠️⚠️For all your real estate needs, please Call The Carter Team today at 770-495-5050 Ext 5404 and Start Packing!⚠️⚠️
Don’t see what you want? Contact us. With a shortage of homes on the market, we can search our database of Sellers and off-market properties to see if we can find a match for you!
The real estate news can no longer sell a coming crash, it is both exhausted and no longer gets attention. So, what does the real estate press promote? Mostl...
