NAR roadmap x market report

“The economy is doing great” — Numbers don’t lie, people lie.

This right here is the critical data point. It's boggling to me to watch agents and lenders try to sugarcoat it like this isn't happening.

I see a lot of folks on social media trying to downplay this trend with stoopid memes like "Well, the rates were 17% in 1902 and I still bought a house!"

Before mortgage rates rose last week, we saw a rise in pending contract signings in March.

Home sales cannot be suppressed to 30-year lows, as happened in 2023 when there are 70 million more Americans living in the country now versus then.

Monthly job updates indicate strong performance in Rocky Mountain and most southern states. Home prices tend to appreciate the most in top job-generating markets.

D.C. is the worst performer, with 4% fewer jobs than pre-COVID and the slowest home price appreciation over the past three years.

My favorite part of that NAR email is when Katie Johnson says, "If you have any questions, please don’t hesitate to reach out to me or my team."

Ironically, the email was sent from a ‘no-reply’ address, her contact details are nowhere to be found, and her NAR website profile only lets you book her for speaking gigs. Great!

Thanks a bunch, NAR, for being so incredibly supportive during these crucial times.

Recommended Resources:

Thank you for reading Realtors @ Substack. This post is public so feel free to share it.