I find myself frequently repeating the advice that in today's highly bifurcated economy, it's critical to understand the difference between the mean and the median in order to get a true picture of what's going on.
And the housing market is no different.
On the mean, or average, level, US home prices are at a record high.
But in a growing number of markets, a number of them red-hot until recently, prices are down by double-digit percentages. And inventory is spiking.
To make sense of the growing divergences and find out where prices are most likely headed from here, we're fortunate to welcome back to the program housing analyst Nick Gerli, founder of reventure Consulting and creator of the new reventure app.
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