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REPORT COPYRIGHT VIOLATION IN REPLY
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Message Subject
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Sales of existing homes fall for 11th consecutive month
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Poster Handle
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Anonymous Coward |
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Post Content
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"The average median existing home price increased 2.3% in 2022, from $358,800 in December 2021, to $366,900 in December 2022."
Quoting: MadCitySleeper house prices went up, not down. you're welcome.  Right, this fact is contrary to the GLP notion that there will be some crazy crash in prices. But, there's no inventory, inflation affects almost all assets, new build is greater than the mean average of a house in the USA, and many buyers are still paying cash. My market is extremely busy, in the off season. 4 buyers to 1 house. There’s plenty of overpriced houses on the market, a house is worth what someone will pay, not what inventory says. The bubble popped, why deny reality. The people who were willing to pay $10,000 a month mortgage for a starter home, are all idiots dying from the vaxx.
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