(CITIZEN WATCH REPORT) – In a candid revelation, 45% of real estate agents admit to grappling with rent payments in November, a 5% jump from October and a hefty 10% increase from September, according to Alignable. The challenges deepen as pending home sales take a hit, experiencing a 1.5% dip from September and an 8.5% drop from the previous year in October — the lowest figure since the National Association of Realtors started keeping track. Now, the burning question is: Are we approaching a tipping point for homebuilder profits after a year of keeping sales prices afloat with tempting incentives?
For real estate professionals, making ends meet has become a tougher feat, with nearly half feeling the financial squeeze. The 5% month-over-month increase and a substantial 10% rise compared to September highlight the growing struggles within the industry.
The dip in pending home sales adds a somber note to the story. A 1.5% decrease from September and an 8.5% drop from the previous year in October signal challenges in the market. This decline, hitting a historic low, prompts us to ponder the factors behind the slump.
Biden has Ruined America !!! Wake Up
Let the schmoozers get a real job.
so thats why a 125,000 house now goes on the market for 346,000
They screwed Many customers out of TOO MUCH COMMISSION !!!!!! Don’t feel sorry for them One Bit !!!!!