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Realtor.com Says Buyers Are Back. The Data Says Otherwise. | Ep 318

In this episode, a June 2026 realtor.com housing report gets dismantled to show how PR framing masks the real state of the market. The headline (asking prices down 2.5% year over year, pending sales up 3.7% for the seventh straight month) reads bullish until absolute numbers are pulled in: pending sales are sitting near GFC-era lows despite a materially larger US population. Active listings hit roughly 1.1 million, a 92.2% increase since June 2022, while the median sale price still ticked to a record just above $400,000.

We fund larger land deals that others can’t reliably underwrite. With a…

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