06/08/2022
***READ THIS ARTICLE***
This article is by far the best synopsis I have seen regarding the current state & direction of the housing market.
It clarifies the data, rather than trying to convert it all into sensational, fear invoking headlines & highlights.
If you are concerned about the floor dropping out on home prices & days of doom and gloom ahead, that’s due to lack on good data and viewing things through the lenses of the early 2000’s housing & financial crisis.
There is NO crash coming for housing! Zip. Zero. Zilch. It isn’t happening.
A slowing in the pace of appreciation is NOT a reduction in prices & values. We NEED a slower pace of appreciation, because what we all witnessed the past two years, especially in 2021, is not sustainable. That doesn’t mean prices/values are anywhere near threatening to depreciate.
Here’s the link to the full artice. Seriously, read it.
https://fortune.com/2022/06/07/housing-market-inventory-levels-are-rising-again-breakdown-in-americas-400-largest-markets/amp/