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Archive: https://archive.today/cwfWw

From the post:

>The once red-hot US housing market is undergoing a dramatic reversal — and for the first time in years it's buyers who hold the upper hand. Nearly 2 million homes are for sale across the country, but only about 1.5 million active homebuyers are looking. That 500,000 gap marks the largest imbalance ever recorded, according to the real estate firm Redfin. At the same time the total value of homes on the market has hit a record-shattering $698 billion, up more than 20 percent from this time last year.

Archive: https://archive.today/cwfWw From the post: >>The once red-hot US housing market is undergoing a dramatic reversal — and for the first time in years it's buyers who hold the upper hand. Nearly 2 million homes are for sale across the country, but only about 1.5 million active homebuyers are looking. That 500,000 gap marks the largest imbalance ever recorded, according to the real estate firm Redfin. At the same time the total value of homes on the market has hit a record-shattering $698 billion, up more than 20 percent from this time last year.

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Same here. Even if you do want to deal with ghettos the prices are insane. Bankers making a killing. I have been priced out of moving to a better apartment because I am unwilling to downsize yet again. I don't see prices changing any time soon because they are still able to rent and to sell to other banks/investment firms.