Isn’t this a bit of good news? Housing has gotten beyond the reach of many middle class families in many parts of the country. A correction or decline in prices will help such people afford to buy or rent.
definitely is good news, just surprised that NAR is willing to admit this.
“Isn’t this a bit of good news?”
Of course it is. The complainers complain about everything.
In 2005 a friend wanted to start flipping houses. He said this was the best market ever. Up up and away, prices will never fall.
Then last winter I was talking to a young realtor who said this was the best market ever. Up up and away, prices will never fall.
Bet about 20 years from now you’re going to hear the same thing.
People just get dollar signs in their eyes and lose all sense of reason.