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

The U.S. Housing Market Crash Is Officially Here

Recommended Posts

https://www-ccn-com.cdn.ampproject.org/v/s/www.ccn.com/u-s-housing-market-crash-officially-here/?amp_js_v=a2&amp_gsa=1&usqp=mq331AQCKAE%3D#referrer=https%3A%2F%2Fwww.google.com&amp_tf=From %1%24s&ampshare=https%3A%2F%2Fwww.ccn.com%2Fu-s-housing-market-crash-officially-here%2F

Sales of new single-family homes in the US fell in September by 0.7 percent to 701,000 units. The August reading also witnessed a downward revision to 706,000 units as compared to the originally reported 713,000 units.

But what’s alarming is that the monthly price decline was the biggest seen since September 2014 despite tight inventories, a sign that a US housing market crash is here. The median price of a new house slid 8.8 percent year over year in September to $299,400. The month-over-month decline came in at 7.9 percent

It all started in America. Again.

Share this post


Link to post
Share on other sites

I understand that year in year house price increases are over, and the mindset has changed so lower much lower prices are in order 

Share this post


Link to post
Share on other sites

The US economy is definitely heading for a slow down. And when houses fall it is baked in. 

The weird looking thing in the US economy is that all the pundits are trying to pump stock markets. My guess is that this is an attempt to allow some of the insiders to get out before things tank there too. Right now trading volumes are very thin, and unloading large positions is slow. They are keen to keep the drip drop of new money from punters coming in so as to offload.

The same applies to houses, all builders and estate agents will tell you it is a great deal. But at some point there is market price discovery! 

 

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.

  • 296 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.