More homebuyers are backing out of deals, showing potential signs that the red hot housing market is cooling. Nationwide, about 60,000 agreements fell through in June, according to real estate firm Redfin. Las Vegas, New Orleans and many areas in Florida are among the most affected.
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Why Torrance CA is still pricy?
Housing mafia, forget about the middle class. I bet whoever owns the houses don’t even dare to sell their house in this market – they are too afraid to get even their prices ‘em house at their sold price. Shame to be in this situation.
Houses are way overpriced
Think about it… Asking a realtor for advice on buying a home? Do you really think any realtor is going to say don’t buy a house? They only have one answer… Buy! The stupidest thing you could do right now is buy a house in this market… The crash is coming… Save your cash for the crash
#Housingcrash
Winter Park, FL Housing Prices Crater 14% YOY As The Bottom Drops Out Of US Housing Market
you mean that house that sold for $150,000 3 years ago isn't really worth $400,000 now?
The problem is we're treating things like housing and healthcare as commodities- corporations have a chokehold on these spaces and have the sole goal of making as much profit as possible. What if the goal was to get everyone housed? What if the goal of the system was to get everyone healthcare? How different would these look to our current predatory systems?
Cannot afford the new house with bidens plundered economy backing out of deals isn't a good thing media spins into such lol
“Maybe cooling?” Please, Its dead! The values are too high, hence the fed will bring values back down to earth through increasing cost to borrower and , in some areas, that can be 100’s. As a seller, you missed the window for wish pricing.
Potentially cooling? You're weeks behind on this story.
Investing in crypto now should be in every wise individuals list, in some months time you'll be ecstatic with the decision you made today.
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Sad situation about housing deals falling through. When so many people are trying to stay away from becoming homeless..
Okay, but can Canada make the same realization that housing costs are FAR too high? Not to mention rent?
With our fake president in office its all going to crumble, no question, the only hope we have is in november and thats a long time off, Joe can screw up a bunch of shi- between now and then
It is called a Economic Collapse for a reason. Imagine how people would act if they knew that the stock MARKET is less than 5k right now. At least there are no MEAN TWEETS,………. do not worry he IS COMING back to take his place. Keep running that propaganda brainwashing machine to divide the people for the Wef New World Order agenda CULLING Great RESET. 😉
Always happens after overinflated prices..
About time
Needs to crash…
Inflated costs, failed government policy and incompetence nationwide at a all time high! This is America after all!
Pleaseeeee! I bought my second house during Boeings boom period at 15 1/2% and locked it in cause it kept going up! However, the prices of 3 bed 2bath, split level 1/4 acre washington in 1982 was 65k???
Im shocked no one is talking about Wall Street over speculation of oil fueling Russians war and destroying America why here we go again wake up America it’s Wall Street
It's gonna crash and need Government to bail it out again lol
Because of interest rates. We will have a depression. Joe Bidens big fat ignorant depression.
Bought my first home with a 9% interest rate on a VA loan. We forget how good we have it now compared to those days.
News caster is hot!
People finally coming into reality that prices are way too HIGH.
Yes the market is cooling and dropping for sure and this is good news.
❤️ please, type in Greta Thunberg connects climate, ecological, and health crisis.
We'll see if it drops rents too.
The Fed needs another basis point hike. Mortgage rates under 6% is a relatively low rate compared to the past. The prices on the homes really need to come down and anyone saying otherwise is just a greedy seller or realtor. No realtor will say the truth: “Wait out the market until the prices correct themselves.” That will never be uttered lol. If the payment is too high, use common sense