Lee Duna to News@lemmy.worldEnglish · 9 months agoPending home sales drop to a record low, even worse than during the financial crisiswww.cnbc.comexternal-linkmessage-square37fedilinkarrow-up1157arrow-down12
arrow-up1155arrow-down1external-linkPending home sales drop to a record low, even worse than during the financial crisiswww.cnbc.comLee Duna to News@lemmy.worldEnglish · 9 months agomessage-square37fedilink
minus-squaredeegeese@sopuli.xyzlinkfedilinkarrow-up7arrow-down1·9 months agoI mean… it happens like this at the end of every credit cycle. The most desperate sellers take price cuts. Prices slowly come down a teeny bit while inflation eats away at the affordability problem and rates gradually fall back down. In 3 years the market will be healthy again.
I mean… it happens like this at the end of every credit cycle.
The most desperate sellers take price cuts. Prices slowly come down a teeny bit while inflation eats away at the affordability problem and rates gradually fall back down.
In 3 years the market will be healthy again.