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Reacting to “Home Sales FALL Off a Cliff: When Will Prices Follow?”

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Reacting to Home Sales

Today I’m reacting to the YT Video, “Home Sales FALL Off a Cliff: When Will Prices Follow?” I want to see if it’s actually providing good information or just scare tactics to get lots of viewers. Let’s take a look!

About Eren Millam Realtor

Hey its your favorite local Realtor, Eren Millam w/ Premiere Property Group. I specialize in all things Lewis County because it’s where I live, work, & play. I’ve been in the industry almost a decade, much of that time spent setting the bar for customer service, social & digital marketing, and shattering pricing records.  I do 1-2 videos a week covering the market, reacting to real estate gurus, educating and informing you to make the best financial decisions when it comes to real estate. Without further adieu, let’s dig in!

Another Doomsday Video

Today we’re going to be reacting to another potential doomsday video, Home Sales FALL Off a Cliff: When Will Prices Follow? This one comes from Bigger Pockets. It’s a well-known investment website and Youtube channel. Below is the original video’s description.

Home sales and housing prices depend on two things: supply and demand. Usually, when one goes up, the other goes down, but this isn’t happening in the 2023 housing market. With mortgage rates shooting back up, buyers have been pushed out of the market, but even with homebuyers fleeing, housing inventory is stagnating.

This is NOT what usually happens, and it’s why so many investors are constantly confused by this one-of-a-kind housing market defying all types of economic logic. But there’s a simple answer to why this is occurring, and it could be the key to uncovering when home prices are set to rise or fall in the near future. Dave Meyer, VP of Data and Analytics and fellow investor, has been trying to crack today’s real estate market code.

With so many contradictory data points, trying to pin down what will happen next seems like an impossible task. But, thanks to some recent data, he may be one step closer to understanding why this bizarre housing market is moving in seemingly random directions. Stick around if you want to know exactly how this will impact your investments and future wealth.

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If you’re thinking of buying or selling your home in the west Lewis County area, contact me today! I’d love to hear from you! Eren Millam – Managing Broker Premiere Property Group, LLC WA License No. 26933

Chehalis, WA 98532 | Centralia, WA 98531 | Adna, WA 98522 | Boistfort, WA 98538 | Napavine, WA 98565 | Onalaska, WA 98570 | Rochester, WA 98579 | Toledo, WA 98591 | Vader, WA 98593 | Winlock, WA 98596

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