I haven’t seen a comp bomb yet. I have witnessed showings, offers, and interest going down across the board. Not just in my area, but in many places throughout the country. No emotion about it. We will see a dip in home values. Historically steep rises result in steep falls, gradual rises in home prices result in a gradual fall. We can’t appreciate year after year at 20%. It’s not sustainable.
@@TheHomesTeam No one said we will continue at 20% growth. That's ludicrous. But, a 20% drop in prices? Demand and transactions will crash for sure. Other than 2008, when were these other steep rise/steep falls. I seem to recall one in LA maybe 30 years ago. Others?
