Posted on 10/26/2023 7:37:30 AM PDT by Kaiser8408a
Bidenomics is the gift that keeps on giving … if you are one of the top 1% of income. But if you are in the middle class, Bidenomics is like a horror movie.
Pending home sales fell 7.1% in August 2023, with all four regions of the U.S. posting month-over-month and year-over-year declines in transactions. Rising mortgage rates have reduced the pool of home buyers, who are having to readjust their expectations about the location and type of home they can afford.
Transactions were down 11% from last year.
Pending home sales came off of the lowest print in recent history, but just barely.
(Excerpt) Read more at confoundedinterest.net ...
EVERYTHING about the Biden Regime is like a horror movie!
Not here in Florida (sad face)...
Anyone masochistic enough to follow the DOW and your 401K?
Who can afford them? In my region houses have gone from 250k to over 500k since the kung flu lock downs. Wages have not gone up at all. Add in higher interest rates and who can afford to sell or buy?
Thinks have slowed in the good areas of Phoenix.
Its possible the bad areas are seeing a drop.
Not much inventory as people are NOT moving up.
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