👉 Goldman Sachs Analyst had to moderate his previous call for home price declines. The housing market is demonstrating remarkable resilience. This is encouraging news for sellers, highlighting the ongoing stability and value of their properties due to inventory shortage everywhere.
We are seeing more revisions and adjustments, in light of the increase in cash offers and severe competition for homes, all due to extreme low inventory of homes to purchase. Contrary to predictions higher mortgage rates would destroy the housing market.
Housing is hyperlocal, pay attention to local experts who are experiencing transactions real time. Not journalists or analysts crunching data from hundreds of miles away.
If you're considering selling your home, now might be an opportune moment to attract potential buyers who are competing for homes due to inventory shortages.
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