“Looks to me like the free market is working.”
That’s what I was thinking. I don’t have a lot of expertise but I thought the supply and demand of free markets make products that are too expensive not get purchased and prices have to follow wherever that takes them. Now markets might tumble here and there but the one thing that can worsen the situation is a panicky government bailout.
When the decreased demand causes mortgage rates to drop along with prices, I may become a buyer.
Exactly
I just got my proposed property tax for the next 12 months. My home value went up 4K. Not a lot, but I wish it went down 27 percent. Why do people want to pay more in property tax? It doesn’t make sense.