Lee Duna@lemmy.nz to News@lemmy.worldEnglish · 1 year agoPending home sales drop to a record low, even worse than during the financial crisiswww.cnbc.comexternal-linkmessage-square34fedilinkarrow-up1143arrow-down12
arrow-up1141arrow-down1external-linkPending home sales drop to a record low, even worse than during the financial crisiswww.cnbc.comLee Duna@lemmy.nz to News@lemmy.worldEnglish · 1 year agomessage-square34fedilink
minus-squaredeegeeselinkfedilinkarrow-up8arrow-down1·1 year 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.