Yup, diversify w real estate to protect against stock market declines. The market has made substantial progress in just a month to recover the losses in the October-December time frame. Anybody want to guess how long real estate takes to recover? Hint: it won’t be weeks...
not in LA, folks. People are leaving (I know 20 families who have left) because they cannot afford rising rents, let alone purchasing a home. DontBelieveTheHype
That’s because people are fleeing the socialist policies of the state government.
Just tip of the GOPECONMICSHUTDOWN
Gee, millennials can't afford 500k starter homes and 10k+ annual property tax, while their boomer neighbors relax in homes they paid 50k for and maintain a 1-2k annual property rate.
fakeNews PapaBurgie where’s the I/O loans when you need em’ 😂
Hey why worry about alarmingly weak data? Powell said everythings fine guys!!
Time to look into real estate in SoCal?
GREAT NEWS FOR STOCKS, RIGHT?
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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.
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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
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U.S. pending home sales fall in DecemberContracts to buy previously owned homes fell in December, the National Associati... Because they're too expensive. 500k for a home built in 1960 with 3 bedrooms in a ghetto and no land. I lost my house in 2012 to foreclosure even though I was paying the mortgage. The bank literally took my house and sold it. TurntableKittah What a SHOCK! It's WINTER
Source: Reuters - 🏆 2. / 97 Read more »