No market shift in the making, says Windermere chief economist

Matthew Gardner responds to Gary Keller's predictions of a potential downturn on the horizon
  • "Inventory that is stuck on the market is not what buyers are looking for."
  • "The number of single family homes under construction in the U.S. is at a level that we have not seen since 2008."
  • "Homeowners are in a very fortunate position right now."

With all due respect to Gary Keller, I am trying to decipher why he believes that we are gearing up for a nationwide housing “shift.” Especially when the data tells us a different story.