Phoenix MLS inventory reaches a new high and breaks the 55,000 mark. According to M:
Total number of properties found: 55,063
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NAR: It’s always uphill from here
Every month the National Association of Realtors puts out their U.S. Economic Outlook. It’s a cheerful, upbeat report that would make Goldilocks proud. When the NAR releases this report every month, they conveniently use the same URL, and do not archive their predictions. [Almost as if they worry that someone might look back and check their performance.]
The NAR may not archive these forecast, but I’ve been plugging them into Excel monthly . [We wouldn’t want them to get lost!] While I missed July, I have graphed here their year-over-year price projections since April, and I spotted an interesting trend:
