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Category

😹
Fun
Transcript
00:00First things first, the housing market, it's still doing okay, especially in terms of prices
00:04because they're up year over year. But my general sense is that we're going to have a continuing
00:09softening market. Inventory is going up. And as I said, we'll see what happens with buyer demand.
00:14But my gut tells me that we're going to continue to see some softening prices. Does that mean the
00:18market's going to crash? No, I still don't see any evidence that that's happening anytime soon.
00:22I think the market is softening. We could see prices go flat. They could even go
00:26modestly negative at some point. But I just don't see this risk of a huge sell-off or huge drop-off
00:33in buyer demand. At least as we stand today, that's the data says. Is there a bigger chance of a black
00:39swan event or the market crashing now that the stock market is really volatile and we've seen
00:44huge declines? Does the chance of a crash increase if there is a recession? Perhaps, but not necessarily.
00:52I think we have to wait until we see evidence of that. And until then, I'm sticking with the trend.
00:57I'm sticking with my original predictions. Nationally, we're probably going to see home
01:01prices continue to move towards flat. Now, regionally, of course, that's going to be super
01:05different. But that's what the data still says. Could change my forecast, but that would just be
01:09acting on fear and not on data or actual information. And I prefer to act on actual information
01:15rather just gut reaction to what's happened in the last week or two.
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