I’m confused. We have an affordable housing crisis and sales are falling. Would that not lead to falling prices, curing the affordability problem?
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Slowest home sales in over three years could help buyers this springReal estate agents and analysts have long been blaming weak sales on too few listings and rising rates. “Low Morgage rates combine with low home prices” ,relatively , not really !! Increased Morgage rates “caused by inflation+greed” slowed the market , then Prices fell as a result ,, only with a decent down payment, it’s the time to buy ,, I wouldn't want one of those enormous homes at the same price as a smaller one. More and more people think that way. Unless you are all about spending time on your house, who needs it? As an older couple with grown children, our one bedroom condo is easy and cheap.
Source: CNBC - 🏆 12. / 72 Read more »
US existing home sales fall sharply to 3-year lowThe U.S. housing market has been stymied by a sharp rise in mortgage rates since 2016 as well as land and labor shortages. And so it starts down the slippery slope start of the end Things to know when Selling a Home 🏡!
Source: CNBC - 🏆 12. / 72 Read more »
Existing-home sales fall for third-straight month, hit a 3-year lowSales of previously-owned homes declined for the third month in a row, price growth is tepid, and properties aren’t flying off the market the way they used to - all signs of a cooling housing market. The question now is, will it perk up in the spring? what about non-existing sales-like non-farm payrolls eh? Mortgage rates are rising and qualifications are stricter than ever . 'Prices grew at the slowest pace since 2012. That can’t be good'. So higher house prices are good?
Source: MarketWatch - 🏆 3. / 97 Read more »