Last year’s home sales were the lowest since 1995
Last year’s home sales were the lowest since 1995. This headline paints a bleak picture for the housing market, and it’s a reality that many people, including myself, have experienced firsthand. The input content from various individuals highlights the reasons behind this decline in home sales and offers personal insights and opinions on the matter.
One of the key factors contributing to the low home sales is the high interest rates. As one commenter mentioned, unless interest rates drop or people accept them as the new norm, it’s unlikely that homeowners with low mortgage rates will consider selling their homes. This lack of inventory further drives up prices for the limited properties available.… Continue reading
John Q. Hosedrinker