I hope you’re right, Nick, because right now it appears things are going in the wrong direction.
Home sales fall to lowest level since the financial crisis - POLITICO
The housing market had its worst March since the global financial crisis, weighed down by high borrowing costs and falling consumer confidence in the economy.
Home sales fell to their lowest annual level for March since 2009, dashing hopes for a rebound this year. Sales of previously owned homes plunged 5.9 percent from February to an annualized rate of 4 million units, according to data released Thursday by the National Association of Realtors.
You probably already know this…
Politico is a Op Mockingbird DS TDS mouth piece.
TDS is a serious disorder.
I’m seeing less homes sold, but the ones that are selling, are still at really high prices. I find that interesting given the high interest rates . . . You could buy the house I bought in 2020, but your mortgage will be double of what I pay per month for the same house.
Houses in my neighborhood have (almost) doubled in price in the last 5 years, so now alot of people are trying to cash out. So we’ve seen 8 homes hit the market as of late, and all have sold for double.
I’m guessing cash buyers.
And, now the people have to find somewhere else to buy or live at higher costs, n’est pas?
Agree on both fronts!
Crack baby, crack.