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Both extremes tanking nationwide

Started by 30yrs_RE_20_in_REO
over 6 years ago
Posts: 9878
Member since: Mar 2009
Discussion about
https://www.cnbc.com/2019/04/22/home-sales-at-both-high-and-low-end-are-tanking-for-different-reasons.html Sales of the lowest-priced homes—those below $100,000—were down 13% in March compared with a year ago, according to the National Association of Realtors. This weakness on the low end started two years ago, as demand began to soar amid very tight supply. In contrast, sales of high-end homes were surging in 2017. Million-dollar-plus sales were up nearly 31% annually that year. This March, sales in that price class were down 11% annually, even though there are plenty of those homes for sale.
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