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Deckard

U.s. Estate Agents See The Light At The End Of The Tunnel

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Home Sales Accelerate as Prices Decline on Sustainable Rebound

March 8 (Bloomberg) -- The third decline in U.S. home prices in three years is driving a pickup in sales as bargain hunters rush to buy before mortgage rates rise, even as values may slump further.

Mounting foreclosures pushed the median price for a U.S. existing home to $158,800 in January, the lowest level since 2002, according to the National Association of Realtors.

At the same time, sales climbed 22 percent from October, the biggest three-month gain since the end of a homebuyer tax credit. The rally began as mortgage rates started to rise from record lows in November and the economic expansion picked up speed.

Lower house prices are good for everyone - including EAs.

Why, oh why does the VI press not understand this simple concept?

And how long can UK EAs survive with transaction levels at historical lows?

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"U.s. Estate Agents See The Light At The End Of The Tunnel"

is that because they are now working as truckers?

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is that because they are now working as truckers?

:D well yes, I expect some of them are.

But for those still in business, lower house prices are very good news indeed :)

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"U.s. Estate Agents See The Light At The End Of The Tunnel"

is that because they are now working as truckers?

No, they are working as railroad porters. That tunnel is a railroad tunnel and the light they see at the end of the tunnel is a train coming at them. That article must have been written by a bunch of democrat propgandists to get Obama reelected.

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  • 312 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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