Top 2 takeaways this month from Mike Orr, Director of ASU’s Center for Real Estate Theory and Practice in the W P Carey School of Business
- The median single-family-home price was up 27 percent, to $200,000, since last October, but price increases are slowing down.
- Demand is rapidly dropping, and the supply of homes available for sale is quickly rising.
All is as I have foreseen.