There is no question the media is putting out a story about housing.
That is just not an accurate picture.
I want to give Mike DelPrete a ton of credit for summing it up like this…
If you look at the number of homes that sold in 2021, they were up 18% from the historical average.
In 2020, we saw a 9% bump from the historical average.
The number of homes that we are on pace to transact in 2022 is right at the historical average.
That tells me there’s no housing bubble.
there’s no burst coming.
There’s no decline in sales that are imminent because we still got a supply and demand issue.
Tune into episode 293 of Tom’s Take to find out exactly what all this information means for buyers are sellers are we head to the end of the year and into 2023.