Housing’s Recession Already Happened! Eastside Real Estate Market Update 7-26-2023 🏠
In this eye-opening market update, Tony Meier, a real estate veteran with 34 years of experience at Windermere Real Estate, breaks down the recent events in the Eastside housing market and discusses why he believes the ‘housing recession’ has already happened.
Link to Wall Street Journal Article mentioned: https://www.wsj.com/articles/housings-recession-already-happened-26bbb505
In this detailed analysis, Tony delves into five key areas:
1. Interest Rates: Learn how the current interest rates are influencing the Eastside housing market and affecting both buyer activity and affordability.
2. Active Listings: Gain insights into the number of active listings and what this implies for the supply-demand dynamics in the market.
3. Pending Sales: Understand the recent fluctuations in pending sales and what these indicate about the market’s momentum and potential future sales trends.
4. Months of Inventory: Get an up-to-date view of the months of inventory, a critical indicator of market balance, which can guide your real estate decisions.
5. Closed Sales Price: Review the recent closed sales prices and their trends, providing a clear picture of the market’s pricing direction.
Whether you’re a home buyer, a seller, or a market observer, this video is packed with valuable insights to help you navigate the Eastside real estate landscape. Don’t forget to subscribe to our channel for more thorough real estate market updates from Tony Meier and the Windermere Real Estate team.
If you have any questions while navigating your real estate journey, we’re here to help! Tony Meier & Team – Windermere 🏡