I would say to the chorus of sarcastic “unexpected” mockery, “If it’s so easy to get these numbers right every time, you should go into the business because you would make a whole lot of money if you’re always right.”
Ok, so how about this magnitude of miss?
Given the backdrop of sharply rising mortgage rates (and expectations for continued inflation) that 4% prediction seems ridiculously low. It was so low in fact that it was off by a whopping 155%! Predicting is never easy, but this one wasn’t even in the ball park. Many predictions suffer from various forms of bias and other influences.
I’m no expert but do watch RE activity in two parts of the country and have seen a significant decline in sales lately.
You've been here long enough, you know how this works.