U.S. Home Prices Hit Record in June(wsj.com) |
U.S. Home Prices Hit Record in June(wsj.com) |
Prices being high while volume is low suggests homes are overvalued.
"We may be moving away from a sellers’ market towards balance, and may be entering a buyers’ market.”
When even the NAR's chief economist says the market is softening, I think it's a safe bet that prices will weaken somewhat in the next couple of years.
> Inventory remains more limited in the Midwest and Northeast.
Pretty sure it's just regional demand has decreased in certain areas. If you're buying a house in Florida (good luck with insurance) you can get a deal. If you're buying a house in a major metro area, probably still a lot of money.
I saw nice places sell fast or over asking. Places with problems, next to highways, weird paint, sellers are difficult, all sit for a while. I don't think you could give me a house for free that's next to a highway.
Have never heard this phrase - stealing it!