“Unexpectedly” to whom? Not to me. Wish I had a penny for every time that word was used in the last 5 years.
I don’t know why it would be unexpected if banks are expecting customers to come up with down payments and other methods of slowing down the ability to finance a mortgage. In the banks’ defense, why should they loan to those who aren’t good credit risks???
If the bulk of houses are on the low price end, and if those loans are harder to get, it doesn’t take a rocket scientist to predict a drop in sales.
These people blow my mind.
“Wish I had a penny for every time that word was used in the last 5 years.”
You beat me to it. How can they keep saying this with a straight face?