Ever pondered why the real estate market hasn't collapsed amid the current pandemonium? Are you curious about how listing prices continue to hold steady, even when all predictions pointed towards a tumble? Join us, David and I, as we scrutinize the compelling research from Realtor.com's weekly housing trends, revealing the unexpected resilience of median listing prices despite the ongoing crisis. Hear us out as we unravel the intriguing facts and trends that point to sellers standing their ground on listing prices and why the anticipated real estate meltdown might just be a figment of our imagination.
In our candid discussion, we also shed light on how market trends vary across regions. Take for instance, the robust market in Utah, an anomaly in the national trend of shrinking active listings. Yet, the homes are sitting longer before finding a buyer. We delve into the significant part new constructions play in sustaining inventory levels and how innovative housing solutions could revolutionize the market. Listen in as we extensively discuss Elon Musk's Boxable, an exciting potential disrupter, and our thoughts on the future of the real estate market.
Link to article: https://www.realtor.com/research/weekly-housing-trends-view-data-week-july-22-2023/
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