Higher interest rates typically cool demand in the housing sector
If the USD keeps falling who has money to buy a home!
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December pending home sales drop to lowest point in five years, despite much lower interest ratesHouse hunters signed 2.2 percent fewer contracts to buy existing homes in December, according to the National Association of Realtors. These so-called pending sales are a future indicator of closings in one to two months. That’s what happens when interest rates climb abruptly after being held artificially low for Obama’s entire tenure.
Source: CNBC - 🏆 12. / 72 Read more »
Bruce Willis' New York mansion is on sale for nearly $13 million—take a look insideBruce Willis is selling his New York country estate. The real estate taxes alone are more than $180,000 a year. MakeIt boring MakeIt I remember when Bruce was a bartender in Chelsea. When Chelsea was far from gentrified MakeIt SELL HARD coming to a theater near you
Source: CNBC - 🏆 12. / 72 Read more »