I have clients that are waiting for the other shoe to drop. Remember 2008, I do and this is not it. All the Data points to home prices up 7.7 to 8.2% y/y. It’s about inventory and demand. Don’t Wait, the train is leaving the station.

A quote from FHFA “U.S. House prices were largely unchanged in the last four months and remain near the peak levels reached over the summer of 2022, while higher mortgage rates have suppressed demand, low inventories of homes for sale have helped maintain relatively flat house prices.”

Today is National Fun at Work Day and Hot Chocolate Day.