The economy is about to fall worse then 08
This is the canary in the coalmine for the economy. Be ye warned.
The so much winning continues
If people would look to purchase in their price range instead of trying to by something they can't afford there wouldn't be a decline in sales. Sales numbers are such bull.
TurntableKittah What a SHOCK! It's WINTER
I lost my house in 2012 to foreclosure even though I was paying the mortgage. The bank literally took my house and sold it.
Because they're too expensive. 500k for a home built in 1960 with 3 bedrooms in a ghetto and no land.
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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 »
Pending home sales tumble to lowest in nearly five years in DecemberHome contract signings were down 2.2% in December and nearly 10% compared to a year ago, the latest reminder of just how grim housing market conditions have been recently. If the USD keeps falling who has money to buy a home! Higher interest rates typically cool demand in the housing sector
Source: MarketWatch - 🏆 3. / 97 Read more »