May
25

Domicile Decisions

couple buying a home While April existing home sales were down 2.3% M-o-M and up just 1.6% compared to 4/16, it’s due to limited inventory. While inventories rose 7.2% M-o-M, April marks the 23rd consecutive month of Y-o-Y inventory declines! As for new home sales, they rose just 0.5% Y-o-Y and new home inventory at 5.7 months is almost back to normal, despite subdued volume. New homes must get cheaper for volumes to rise!

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Comments

  1. I M Solutions says:

    The problem for buyers is simply this. It takes time, but eventually people learn. What do they learn? They learn that buying houses when they are overvalued by demand, is not wise. Why not? Well as we have seen in the 2007 -2008 market crash… what goes up….comes down. As such, people are not inclined to invest capital into real estate, only to see that capital, turned to equity, diminish when the markets correct themselves, and their equity is gone. We as a society, really never learn from history. That is why I refer to America as a society of educated dumb people. We don’t think for ourselves and we continue to repeat the same mistakes over and over, perhaps expecting other results, but I just think we are educated dumb people.

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