I wish they’d make up their minds. Housing prices UP, housing prices DOWN, etc.
Glad someone noticed.
Housing has to be the most emotionally driven, irrational market out there.
In manufacturing we have forecasters who base production off population statistics, that is how old people are, the income level in the different countries, etc.
But in housing the whole model unravels into a mess. It’s to the point these days that I can’t even find a new house even near the size I need. Nothing is built that’s less than 7,500 square feet, much too large for a single parent with only one kid left in the house.