This is a report on how April 2023 seems to be ready to conclude for Single Family Home Sales on 30a. Many of my followers have been watching these for now almost 3 years. You can trace them to today and I can say we are consistent. We look at the data and say what the data says not what we hope for. Reality is a good thing. Here is more or less the month's end for April.
What you will see here is clear evidence that we are now past the wobble and at full stabilization. It is going to take something much more significant than what we have seen in interest rate increases and inflation over desired levels to change the direction of real estate here and with rates likely peaking for now and inflation at least moderating some, the next move on prices is not at all likely to be lower on desirable areas and good new homes. Enjoy the 3-minute video.
