![]() Using ’s public March 2021 data, we can paint a pretty clear picture of the situation. If those of us in the industry are to make forecasts - it’s not going to be made on median home sale price alone.įurthermore, price instability and the upward trend has stopped people from being able to buy, as affordability is out of the question in many markets for the majority of potential movers. Those of us who’ve been in the industry for more than a hot second understand that sustained housing volume is what makes a strong housing market and feeds mortgage, title, real estate, photography, inspections, and repairs to name a few. Obviously this type of statement is ignorant and misguided. I believe they are taking a very narrow-minded look at the market.įor starters, some projections are typically only looking at price. Why then are some looking at our industry with rose-colored glasses? Is the glass really half full? Some prognosticators are still predicting the “housing market will be strong in 2021,” and this baffles me. As the inventory continued to fall in the winter months, however, we did not see this continuing to fall at this rate well into the spring sales season. The timing and scope of the prediction was accurate to start. In September, we predicted a nuclear winter for the housing industry, and much of that prediction has come true.
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