Good news for home buyers, things are moving in their direction for the first time in a while.
Will those layoffs put us above 4% unemployment which is the standard full employment number? We’ll have to wait for the next number on that I guess.
Good news?
Not in my neck of the Upstate NY woods.
Most of the places up for sake are not starter homes. They are overpriced and overtaxed McMansions.
The few starter homes up for sale are either reasonably priced sweat equity types or way overpriced dumps.
Very little is moving, and the few homes that do sell are going for less than the listing price.