Is the Omaha, Council Bluffs and surrounding area residential real estate market CRASHING?

Is the residential real market CRASHING?
Cory Harter:
Hello everyone, I was looking at some real estate information here this evening from November 2021 at the residential housing information. It was pulled from showing time, which is a pretty good indicator of trends in the real estate market, and I wanted to share that with you.

My name is Cory Harter. I’m with Homes by Chris Harter, brokered by eXp Realty. I’m out here in Dallas, Texas, over the next few days at a National Association of Expert Advisors meeting, and I had some extra time this evening. I was just browsing around and saw a pretty cool slide that I wanted to share with everyone. There is a lot of information regarding real estate that we here on a daily basis , and a lot of it’s negative toward the residential real estate market, and in real estate in general. And I don’t think that’s really true. I’m going to share this slide with you and I’m going to let you make that decision for yourself, but it’s pretty encouraging, I think.

If you look at this slide, a lot of the information and news out there is saying that the housing market’s slowing down, we’re going to crash, a lot of foreclosures. A lot of that is just misinformation and totally wrong. You can look here at this slide. If you go to the far right, for 2021 in the blue here, the last couple of months, October, November has dropped off of 2020, and it’s leveled off for a little bit in November. We’ll see what December brings, but we went down and leveled off versus 2020 COVID. But if you look at the numbers pre-COVID here in 12019, 2018 and 2017 in the orange, we’re actually still above the pre-COVID numbers, which is good, which means our real estate market really is growing, taking out the 2020 in the COVID shutdown and things.

So if you look at sales, nonseasonally adjusted in September, were 2.7% below the sales in September of 2020. Now, if you exclude last September, because that’s when it was distorted and the seller season was delayed because of COVID. So nonseasonally adjusted sales for this season, we’re actually the strongest since 2005. So again, our real estate market is not looking as bad as the mainstream media and a lot of people out there are predicting and want you to think. The media today want headlines. They want to terrify versus clarify. They’re looking for some type of clickbait to get people to click on it, and what’s the best way to get clickbait, is to put out terrifying information and misleading information, instead of the truth. So I wanted to share this positive information with you.

To all my real estate agents out there, hope this helps you out with keeping your clients informed, and most importantly, as real estate representatives, as realtors, we need to stay informed. We need to keep ourself educated, so we can get the best information that we can give to our clients out there.

So I really appreciate your time listening. I hope this helped everyone. If you found some value to this, please like the button below. If you care to share it too, that would be awesome.

Again, I thank you very much for your time. I hope everyone is doing well. Have a great day and God bless.
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