After an unexpected, and small, blip higher in February; US home prices – according to S&P Global Case-Shiller Composite index – were expected to continue their decline in March data released today (i.e. very lagged) and they did…on a non-seasonally-adjusted basis.
The 20-City Composite dropped 1.15% MoM (slightly better than the 1.6% drop expected) on a non-seasonally-adjusted basis but rose 0.45% MoM on a seasonally-adjusted basis.
Let me be clear.
We are doing all we can to have the best Economy, and better than Republicans
🖕 BARRY OBAMA
Go back to sleep.
so a home that is listed for 549,000 that is only worth 223,000 will drop to 500,000. The real estate companies are the ones make up these prices, not real but maybe someone will buy and maybe someone will sell. Think about it if you sell high and go buy something smaller and have to buy it for almost the same price, only the realtor is making money
Homes have been overpriced for years. We’re in the middle of a housing crisis to the point where most people currently under 40 will possibly never be able to buy a home if these trends continue. House prices can afford to come down.