Jump to content
House Price Crash Forum
Sign in to follow this  
xux42

Us Home Sales Plunge

Recommended Posts

"Existing US home sales plunged 27.2 percent in July from a month earlier to a 11-year low"

Holy crash Batman

"The plunge was more than double the 12.1 percent expected by most economists"

nuff said really..

...11 year low ...1999...that means it's back to near normal if there is such a thing...it was before the funny money came on the scene...and let's face it.... in a recession and in a land of surplus housing what would you expect....?....a further drop...?... probably....... :rolleyes:

Share this post


Link to post
Share on other sites

I'm looking forward to such headlines in the UK.

I remember when I first bought a house in 1997, I was bricking it for 3 years wondering how much i was going to loose on it !!!

Share this post


Link to post
Share on other sites

Tax giveaways have persuaded a bunch of buyers into the market and now they themselves are high and dry and sales falling as a result of a return to normality - that housing is still way overpriced for a functional economy in the US.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 150 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%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.