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New and resale house sales slump in 2014 prime house selling season
invite response
2014 Jun 19, 12:54am 3,149 views 3 comments
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1
bubblesitter
2014 Jun 19, 12:55am
bubblesitter
2014 Jun 19, 12:55am
Whatever. This won't stop shacks from appreciating 20% every month.
2
Facebooksux
2014 Jun 19, 3:08am
APOCALYPSEFUCKisShostikovitch says
Only ASSHOLES! buy houses.
Real oligarch just kick down the door of any house that is interesting, rape the owners, shit in their pool, eat all their food and leave.
They live en route to more pleasure. . .
You forgot to mention that they then rent the house back to the inhabitants at a 25% yoy premium.
3
MAGA
2014 Jun 20, 9:58am
MAGA
2014 Jun 20, 9:58am
But our local Realtor's are saying that it's a great time to buy. Don't tell me that they are lying. OMG!
http://ochousingnews.com/blog/new-resale-home-sales-slump-2014-prime-home-selling-season/
In the prime of the home selling season, new home starts and existing home sales both retreated, a sign of ongoing weakness in the housing sector.
Sales are not supposed to slump in May or June. The prime home selling season generally peaks in July before slowing to a seasonal low on December 31. The last time home sales hit a weak patch in the prime selling season was 2011 after the expiration of the tax credits pulled demand forward in 2010 and left the market bereft of buyers. Prices fell in 2011 and on into early 2012, but with the diminished MLS inventory, price declines are unlikely, but continuing slow sales is nearly certain.
Source: http://ochousingnews.com/blog/new-resale-home-sales-slump-2014-prime-home-selling-season/#ixzz3564xdSUS
#housing