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US Housing Market Posts $2.3 Trillion Drop, Biggest Since 2008 (archive.ph)

submitted 2 years ago by [email protected] to c/[email protected]

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[–] [email protected] 2 points 2 years ago (1 children)

Does this mean Americans will finally be able to buy a home again in the near future or just lower prices for Corporate America?!

[–] [email protected] 1 points 1 year ago

Absolutely not. Prices dropped a bit because rates went up and buyers and sellers balked. However, buyers are coming back out now and at least where I am at, the market is back to just 2 weeks of inventory. That means prices will start marching up again.

It was a shock, not a systematic plunge. I promise it’ll recover soon.