New House Sales Crash In October - Biggest Plunge Since 2011
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2018 Nov 28, 9:08am 1,360 views 4 comments
by Patrick ➕follow (55) 💰tip ignore
https://www.zerohedge.com/news/2018-11-28/new-home-sales-crash-october-biggest-plunge-2011
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2
Malcolm
2018 Nov 28, 6:25pm
Malcolm
2018 Nov 28, 6:25pm
clambo says
I was thinking the same thing. I hope they keep raising. It is a good time to be saving and waiting.
he Federal Reserve is going to quit fooling around I bet now.
I was thinking the same thing. I hope they keep raising. It is a good time to be saving and waiting.
4
Strategist
2018 Nov 28, 8:09pm
Strategist
2018 Nov 28, 8:09pm
Relax guys. The only reason housing is taking a setback is because home builders with their limited capacity, mostly built more profitable high end homes. The shortage of homes has not gone away by any means. Builders will focus more on middle priced homes, and eventually on lower priced homes. The key variable is availability of loans. If loans are not readily available for the middle class and first time buyers, the home shortage will only get worse, and rents will continue to rise. Obviously, the median home prices will be affected as more lower priced homes are sold. It won't mean home prices are on a general decline.
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