Click on the image to expand it for viewing.After months and months of insane appreciation, I do believe housing will become affordable again. This is good news for everyone. Sellers might not be happy that their homes only appreciated 5% this year but, puh-leez, if anyone thinks 19% is healthy for our economy, let's go to lunch and I will convince you otherwise.
This graph is taken from our mls. The red line is home sales; which are at a 5 year low. the blue line is average home sale price; finally coming down. The green line is the killer. This is the number of homes for sale. As you can see, last year and at the start of this year, every other home in the valley was for sale. That is no longer the case. What does this mean? Stabilization, baby! The closer that green line is to the red line the better the market is for sellers. The further away they are, buyers reap.
1 comment:
Hi Babe! Just checking to see if you ever check your comments! Love ya!
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