Tom Keene Talks to Metrostudy's Brad Hunter
Tom talks with Brad Hunter, chief economist of real estate researcher Metrostudy, about home prices, haves and have-nots, and empty nesters
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How do you do your research?
We have about 400 researchers that go and drive every street of every subdivision that we cover. They’re looking for curtains in the windows and welcome mats to really make sure somebody’s actually moved into the house, which is critical information when we’re talking about how much inventory is left in markets.
Will house prices go down further?
I think house prices will go down a bit further, 8 or 9 percent at the most. What I think is happening though is that new home prices in the best submarkets are turning up. So you’ll see price increases even in Las Vegas and in Southern California and Naples and Fort Myers.