Sales of Existing Homes Drop to Worst March since 2009. West, South, Midwest, Northeast All Get Crushed. Supply Surges to Highest since 2016

Housing market inventory with a price cut just hit a decade high

Want more housing market stories from Lance Lambert’s ResiClub in your inbox? Subscribe to the ResiClub newsletter. Just because a home listing gets a price cut doesn’t necessarily indicate that the home actually sold for less than its comps. Some real estate agents use pricing strategies that intentionally list too high to test the market or create negotiation room. After all, even during the pandemic housing boom—when home prices were surging—…

The Collapse Of US Home Sales Is Here

This is a very difficult time for real estate agents and homeowners that are trying to sell their homes.  As I have documented below, sales of previously-owned homes in the United States just fell to the lowest level that we have seen during the month of March since 2009.  Needless to say, in March 2009 …

The Collapse of US Home Sales Is Here

This is a very difficult time for real estate agents and homeowners that are trying to sell their homes. As … Read More The post The Collapse of US Home Sales Is Here first appeared on Charisma News. The post The Collapse of US Home Sales Is Here appeared first on Charisma News.

The Collapse Of U.S. Home Sales Is Here

by Michael Snyder, The Economic Collapse Blog: This is a very difficult time for real estate agents and homeowners that are trying to sell their homes.  As I have documented below, sales of previously-owned homes in the United States just fell to the lowest level that we have seen during the month of March since […]

Sales of existing U.S. home down in March, but prices were up. Here's the latest data

Sales of existing homes in the U.S. were lower last month, while the median home price rose above $400,000 for the first time in March.

Sales of Existing Homes Drop to Worst March since 2009. West, South, Midwest, Northeast All Get Crushed. Supply Surges to Highest since 2016

The 3-year 50% price explosion caused epic demand destruction. Prices way too high. But mortgage rates back in the historically normal range above 6%.