What hot micro-markets tell us about housing in the U.S.

  • Hot micro-markets can generate a very strange picture of average national home appreciation of about 6 percent, made up of many places at zero and a few on fire.
  • Every locality reports low inventory, obviously drawn down in the hot places, but the strangest single phenomenon continues: Where is the new construction?

The premier event for luxury agents and brokers
Luxury Connect | Oct. 16-18 | Beverly Hills

No matter how many markets in which any real estate pro has worked, we always know our home towns best. And my market today is in a situation common to most hot markets in the U.S., shedding light on distorted national housing data.