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follow tovarichpeter 2017 Jan 11, 9:46am
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.
House sale agreements falling apart nationwide
OMG we are crashing.
I pray for the day my house drops to about $120K in a sellers market.
I didn't buy my house to get rich, and it will belong to my kids someday.
May it never be worth more than that for them.
Truliaâ€™s data only go back two years, so they donâ€™t indicate what rate is historically normal. Lyle Elliott, branch manager for Berkshire Hathaway HomeServices office in Ventura, Calif., didnâ€™t think his metropolitan areaâ€™s fail rate of 11.6 percent was particularly surprising. â€œWeâ€™ve had a robust year,â€ he said. â€œWhen you have more sales, you also have more sales that donâ€™t complete.â€
The houses are undervalued.
Who wants to buy into an asset class that doesn't double in value by the week?