Quote:
Originally Posted by spinner1001
The sky is not falling.
Compare 2023 to 2022. Focus on market prices. Year-to-date 2023 versus 2022 average home prices are similar (not crashing). Q3 2023 versus 2022 average home prices down slightly (not crashing). If the local market was indeed crashing, it would show up in prices. Everything else goes into making up prices in the market (Economics 101).
The sky is not falling.
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Your 2023 vs 2022 comparison shows 15% fewer New Homes & Villas have closed in 3Q23 than in 3Q22. A 15% reduction sounds like a pretty big drop to me, and I would guess the new homes sales team is getting some pretty significant heat from their bosses...