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Realistbear

Leading U S Property Bull Turns Bear

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http://freeserve.advfn.com/news_Investment...e_14588762.html

InvestmentU.com: The Housing Chill Is a Bear, Not a Bubble

NEW YORK, March 14 /PRNewswire/ --
There's no question about it: the U.S. housing bull market has turned into a bear. New home sales have dropped to 2004 levels and are continuing to decline. Price hikes have slowed. Buyer cancellation rates are up 30% in some areas
.
What's more, many potential homebuyers can't afford the price of a new home; they're opting to rent until the market bottoms out.
This may sound like grim news, indeed. But is the housing market bubble about to burst? No. "It's a slowdown, not a collapse," says Dr. Mark Skousen, Chairman of
http://www.investmentu.com/' rel="external nofollow">
.
"The housing market has slowed for one simple reason: Prices are simply too high for most investors to find any value in the housing market," Skousen says. Investors who flocked to real estate just a few years ago have curbed their appetite for rental units because cash flow from rents doesn't cover exorbitant mortgages.

Some remarkably similar statistics for the UK market regarding affordability and new home sales. The only difference in the US is the vanishing denial.

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  • 301 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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