And the effect immigration has had?
I’ve never known house prices to go down here in upstate NY
1) Soft on crime policies reduce supply by making many starter homes in unlivable high crime areas. Lower supply --> higher prices elsewhere.
2) Illegal immigrants increase demand for starter homes. Increase demand ---> higher prices.
3) Section 8 money (HUD) for single family dwellings (houses) increases demand for houses. Increase demand ---> higher prices.
So many young people vote Dim, then complain that boomers are messing up the housing market. When it's the Dims that's making starter home prices unreachable.
1.8 percent increase year-over-year is actually below the rate of inflation and is good.
Don’t count on a huge drop.
Things went soft 6 months ago in Scottsdale but now speeding up again.
My place will probably be up 10% in the next year.
When will so called MAGAs take off their gloves and treat Trump policies objectively? Hard working families are struggling like never before on my sixty years of living. Cost of living unmanageable for most. Step 1) stop playing to Israel. 2) turn use billions earmarked to Israel and invest in American infrastructure.
Jobs would be created. Let Israel put on their big boy pants. They can hoist in their petard.
Another great for Seniors, horrible for young people statistic. This is why young people are giving up hope of having a future of buying a house to start a family. And why some are turning to Socialism.
Please! Freepers from lib states...move to South Carolina to keep this state RED! Home prices are escalating, but you can still get a band for your buck here.
Paying way more for crappier new homes.
Yes, today’s new homes are COMPLETE CRAP.
Thanks to never ending inflation and regulation, I think the only time prices actually went down was during the 2008 crash.
Generally, what happens is that the market shifts from that of a buyer’s market to a seller’s.
In the buyer’s market, prices go up at a slower rate.
You will see more people cutting list-prices during a buyer’s market but that is because they priced it too high for that very market. The average price of resulting sales still goes up.
Is this good or bad?
Not even covering inflation. The term “a new high” is meaningless.
Texas and other markets went to high, too quick.
* 30+ Trillion Big Un-Beautiful Bill(s)Signed by Trump, (and his predecessors,) Bills. Starting with Mr.”read my lips”
* Everything is up, in this counterfeit economy.
* So called stock “market”. 40k, absolutely ridiculous.
* Wheelbarrow for tangible assets.
* And ⛽ 📈, Hormuz, deflection from the real cause: 30+ Trillion Dumping ✖️