SeattleRain@lemmy.worldM to Housing Bubble 2: Return of the Ugly @lemmy.worldEnglish · 4 months agoUS home sales crumble in May on higher rates and record prices, says Redfinwww.reuters.comexternal-linkmessage-square4fedilinkarrow-up12arrow-down10
arrow-up12arrow-down1external-linkUS home sales crumble in May on higher rates and record prices, says Redfinwww.reuters.comSeattleRain@lemmy.worldM to Housing Bubble 2: Return of the Ugly @lemmy.worldEnglish · 4 months agomessage-square4fedilink
minus-squareRestrictedAccount@lemmy.worldlinkfedilinkEnglisharrow-up0·4 months agoThis headline is misleading Af The number of homes for sale remains roughly 25% below pre-pandemic levels, according to Redfin. People not wanting to sell is not anything like a collapse of a market. It is the opposite. It shows the true utility of the good is below the price.
minus-squareSeattleRain@lemmy.worldOPMlinkfedilinkEnglisharrow-up0·4 months agoSales are way down as well as a percentage of home that are for sale on the market.
This headline is misleading Af
People not wanting to sell is not anything like a collapse of a market. It is the opposite. It shows the true utility of the good is below the price.
Sales are way down as well as a percentage of home that are for sale on the market.