Prices of Existing Homes Fall 11% from Peak. Sales Hit Lockdown Low. Cash Buyers and Investors Pull Back Hard
by Wolf Richter, Wolf Street: Priced right, any home will sell. But sellers are not wanting to price their homes right. This is getting relentless: Sales of previously owned houses, condos, and co-ops fell by 1.5% in December from November, the 11th month in a row of month-to-month declines, and by 34% year-over-year, to a seasonally […]
Source: https://www.sgtreport.com/2023/01/prices-of-existing-homes-fall-11-from-peak-sales-hit-lockdown-low-cash-buyers-and-investors-pull-back-hard/
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