Who buys a home in Jan in the middle of Global Warming?
Colder than normal winter and higher than normal snow-fall in the North would have a good bit to do with it I would have say.
Between this and the stock market, we could be in for a bit of rocky economic news.
The bubble is bursting?
Just sold my home in Colorado, in the depths of the worst winter in memory. Set a record price for the neighborhood and it sold for 97% of ask. Took 2 months and sold on the only showing.
It depends on the house and the buyer. Overall trends in the country are not a very good indicator IMO for whether a given house will sell or not.
Yawnnnnnn...not breaking and a correction to the housing (or stock market is no big deal. It's expected and common.
I'm surprised the numbers aren't higher considering the number of would be now home buyers who were unfortunately aborted (against their will) by their mothers.
What's going to happen when our parents and grandparents start passing. The reproduction rate has been on the decline with the only factor keeping the real estate industry strong being immigration both legal and illegal.
Someday there is going to be one heck of a lot of empty houses.
"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." - Manuel II Palelologus
Other stats said home sales were up. Man, this thing is certainly "interesting".