Who would have thought it, that real estate may be the bright spot in the economy in the near future. As the official whipping boys of why everything has gone wrong we now may be the good guys.
Our builders have slowed down and inventory is starting to hit a level that allows price increases. Inventory is at a 10 month supply, that is excellent news.
There was one nugget of good news from the survey. NABE forecasters “see housing demand leveling off fairly soon.” However, “with new home inventories running at 10-months’ supply, it appears that home prices will bear the brunt of adjustment in equilibrating demand and supply,” NABE said via WSJ.
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Richard
262.883.3230