The Sky is NOT Falling!
August 12, 2019
No Housing Collapse: The underlying housing fundamentals have stabilized significantly compared to last year’s slide.
For buyers or sellers wondering if there are any monsters lurking around the corner, they can be rest assured that the sky is not falling, there are no surprises on the housing front anytime soon. Reports from the housing trenches are that many buyers expect the market to drop like a rock and that is when they will finally be able to purchase. That simply is not on the horizon. Sitting back and waiting on the sidelines will prove to be a waste of time.
This year, from May to the start of August, the active inventory has remained unchanged, demand has only dropped by 2%,…