U.S. existing-home sales fell 4.9% in March from the previous month to a seasonally adjusted annual rate of 5.21 million, the National Association of Realtors said Monday. Sales were down 5.4% from a year ago, marking 13 straight months of annual declines.
Can you say Trumpcession?
Bad neighborhoods
If owning a home and deducting mortgage interest and property taxes is no longer helping us on taxes, why bother buying a home? repealtrumpstaxlaw
Effectively, under the GOP Middle Class tax increase, there is no tax deduction on the first $550,000 to $600,000 of a mortgage for a married couple. Buying a home is just not as good an investment as it used to be 🤷🏻♂️
Maybe bc families have to make a mortgage payment for daycare
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Existing-home sales slide nearly 5% in March as the on-again-off-again housing market retreatsThrough the recent noise from the tax law changes and mid-term election angst, the housing market remains chronically under-supplied, particularly at the low... Good article - matches what we see... We buy and flip houses and we can't find enough of them to meet demand. Entry-level houses priced below median are still HOT in most markets.
Source: MarketWatch - 🏆 3. / 97 Read more »
Home sales fall 4.9% in slow start to spring buying seasonSales of existing U.S. homes fell in March after a huge gain the previous month, held back partly by a sharp slowdown among the most expensive properties. And so it begins.. uh ohhhhhhhhh how a 1950s ranch that cost $12K new is worth $250K now is insane.
Source: CNBC - 🏆 12. / 72 Read more »
Sales of the cheapest and swankiest homes are tanking, but for very different reasonsSales of existing homes were weaker than expected in March, but behind the headline numbers, an even more disconcerting dynamic is playing out. Both the high end and the low end of the market are faring worst due to completely different factors.
Source: CNBC - 🏆 12. / 72 Read more »