Makes sense. West had the biggest price increases. The data is thru December 2022. Houses available for sale continue to be low. The overpriced trash houses continue to sit unsold. Well priced houses under a mill go into escrow in 45 days or less. I still don’t see any good deals out there ( SoCal). Patience. Let’s see if Inventory and the Feds plan to put more Americans out of work start to show in the Spring and Summer. Keep an eye on Phoenix, Vegas and the IE.
Here are some interesting comments by Powell. Im sure the labor shortage he speaks of is for skilled workers.