The world's largest real estate franchise by agent count
Not only has
housing not crashed, but it has hardly even budged lower. The median sales
price of new homes is up over the past year. And for existing homes, the median
sales price only declined by about 1%. That comes as a shock to most folks.
They think prices should have plummeted due to soaring mortgage rates and
crashing affordability. But that idea misses a fundamental problem in the