In Bloomberg this morning
Bloomberg
US Home Prices Now Posting Biggest Monthly Drops Since 2009
Home prices in the US have taken a turn and are now posting the biggest monthly declines since 2009.
And a Bloomberg Quick Take video with Scarlet Fu titled, US housing prices are finally falling
IN CASE THE LINK IS NOT LINKING >>>https://www.bloomberg.com/news/videos/2022-09-29/us-housing-prices-are-finally-falling
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This is not a surprise, as I mentioned in an October 3rd post:
... a drop [in prices] was inevitable given the withering economic environment we are in. Frankly, I'm surprised prices didn't drop sooner and further. And I believe they didn't because, as I mentioned the other day... "the desirable homes are still going quickly due to a shortage of desirable homes for sale - supply & demand flexing its muscles - which is also helping to prop up sale prices which, given the withering economic environment we are in, is quite extraordinary".
Thanks for dropping by
John Schneider /Realtor®
Tierra Antigua Realty
Catalina Foothills Homes
[email protected]
520 271-4164
see TheFoothillsToday.com
to see all the homes for sale in the Catalina Foothills
(and only in the Catalina Foothills)
