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Archive: https://archive.today/kZhqS

From the post:

>Home sales were down 8.4 percent in January - the biggest decline in four years. This drop - which came amidst frigid Winter temperatures and low consumer confidence - is the steepest since February 2022. According to a report from the National Association of Realtors, sales of existing homes fell from the prior month to a seasonally adjusted annual rate of 3.91 million. 'The decrease in sales is disappointing. The below-normal temperatures and above-normal precipitation this January make it harder than usual to assess the underlying driver of the decrease and determine if this month's numbers are an aberration,' said Dr. Lawrence Yun, NAR's chief economist.

Archive: https://archive.today/kZhqS From the post: >>Home sales were down 8.4 percent in January - the biggest decline in four years. This drop - which came amidst frigid Winter temperatures and low consumer confidence - is the steepest since February 2022. According to a report from the National Association of Realtors, sales of existing homes fell from the prior month to a seasonally adjusted annual rate of 3.91 million. 'The decrease in sales is disappointing. The below-normal temperatures and above-normal precipitation this January make it harder than usual to assess the underlying driver of the decrease and determine if this month's numbers are an aberration,' said Dr. Lawrence Yun, NAR's chief economist.

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[–] • 1 pt

fantastic news. Finally young people might be able to actually buy homes the same way their parents did.

[–] • 1 pt

No kidding. We bought a while back (not even that long). One year later and we would have been entirely priced out of the area. Looking forward to selling and moving ASAP (even if we can't sell for as much as we would have a year or two ago, buying will be cheaper too so it wont matter).

The market has been fucked for a while but depending on where you are and how far you are willing to commute (if you cant work remote) you can buy for under $300k again. Most of the damn world still seems like the "low" end of the market is like $600k which is fucking stupid.