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Realistbear

New Home Sales Set To Plunge In Former Bubble Markets

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http://www.bloomberg.com/apps/news?pid=20601010&sid=adSkz7WCGd0o

New Home Sales Set to Plunge in Former Bubble Markets (Update1)
By Prashant Gopal
May 28 (Bloomberg) -- New home sales in Phoenix and Las Vegas, two U.S. markets hardest hit by foreclosures, are set to plunge as a federal tax credit for homebuying expires, according to data from real estate researcher Metrostudy.

Our bubble will do likewise--second leg approaching fast. Just goes to show artificial methods to keep a bubble going cannot beat deflation.*

* ;)

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  • 260 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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