Fake News !!
EVERYDAY THE HOUSE PRICES INCREASES LIKE BUBBLE
Most Americans have ZERO saved. Doesn’t matter what the mortgage rate or home price is. The US penalizes savers. Instant gratification country.
Could it be a lack of confidence in Trump and his effect on the economy.
Must be the broke brokers wondering why they suck,,, no slowdown in the CA bay area market..🙂 hot spots, Santa Clara county and the average priced homes are $1M....
Interest rates?
It’s not that hard to figure out . Stocks tanked. Those that were looking pressed pause. And everyone else enjoyed the holidays . However I had a good month
That’s what happens when both prices and rates are high!
TrumpShutdown causing huge ripples. This is one of many important data-points that pegs it as such.
Hmmm.. Let me think.. House prices in my area are higher per sf for a home that needs to be completely rehabbed or even torn down than they were in 2008 for a house that needed no work.. 100+% increase in housing costs and nowhere near that in income increases on average.
Because the media keeps hinting at a recession that according to all the data is nowhere in site?
Real property is driven by rates = demand = confidence ...
Yeah, what a mystery.
Overpriced...by real estate brokers?
We had the same thing happen last year but it was for the upside, revision came in knocked off headline print, trend sales the prior two months were actually decent, stock market drama probably had a tiny impact purchase apps last two weeks at cycle highs
In December the stock market dropped to level seen in July 2017...loosing all gains. Who wants to buy a house when their dollars are turning to pennies.
Stock market decline.
Yun, here's the math: It takes 150k jobs a month just to keep up with population growth. If that just held steady, there would have been 32.4 million jobs created since 2000, but you said only 20 million were created. There's the answer to your 'dilemma.' Do some math!
What’s to figure out? Pay from jobs aren’t keeping up with rising housing and rent costs. Pretty simple. Make housing more affordable. -from a realtor 😉
Real estate brokers need to find a new line of work! Technology says we don’t need them and the No sales are proving it! 6% commission will soon be History! It’s disruption! Better get used to it! Sorry, Gotta go Uber is here!
1. Market tanked in Dec. And 2. Who wants to move into a new house when its 19 degrees outside?
Ahh... Interest Rates going up?
Well I’m Austin I can prob tell you it’s because they won’t stop building new houses! They are everywhere
Shutdown.
People don’t want to buy high
Political uncertainty?
Likely because of the stock market dip? People had started freaking out a bit.
Recession is................. C O M I N G ....................
Maybe because 2/3rds of the country is broke 🤔
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