1569 Pending Home Sales Puked In August To The Lowest Month-On-Month Decline EVER: -7.1%, dramatically worse than the -1.0% expected. Over-all, sales are down 18.8% compared to last year. (www.zerohedge.com) posted 65 days ago by rdvs34283 65 days ago by rdvs34283 +1569 / -0 Pending Home Sales Puked In August To The Lowest On Record ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero 328 comments share 328 comments share save hide report block hide replies
Why are the prices not following along?
Inflated..just like the Rates.
Houses are selling for $100k+ over what they're worth in my area and the rates are insane. No one around here makes enough money to pay for these houses. This means the houses are being purchased by wealthier people moving in from other areas.
No. They are being bbought with credit that turns them into own nothing slaves... so long as the jobs are thete