House Prices
In the You never KNOW department
I figured demand would dry up and prices would drop
Just spoke to my realtor and prices are up substantially in our area.
Wow !
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Yep. A couple weeks back.. my old realtor told me they had 7-15 bids for most houses in my sector… he had never been this busy. Starter homes especially.
So.. that is “inflation” …. mmmmm
And shelter is a HUGE part of the CPI pie… more mmmmmmm
My sister in law just got 4 offers on her house first day on the market last week. Monument CO, north of CO Springs. List price 529K, full price offers
Doesn’t sound like the End of the World to me .
Not looking so good in America
https://stockcharts.com/h-sc/ui?s=%24HGX&p=M&yr=18&mn=0&dy=0&id=p04591218571
Is that index for housing or commercial and riets
It is comprised of stocks of home makers. So it is forward looking.
So homebuilders stop building..therefore existing RE goes up …?
Dear George Gammon on Real Estate market.In new post??
There is no housing market in the UK. The whole sector has been shut down and banks are no longer lending for property purchases. This is likely to last for 2-3 months minimum. People who were about to move out or in to a new property are completely stuck, even if they had just loaded up the truck with all their possessions.