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Economy

peppertree

(22,850 posts)

3. That - and the fact that existing home sales had risen so much over the past decade

Reply to Laura PourMeADrink (Reply #2)

Mon Mar 21, 2022, 12:38 AM

Mar 2022

Some plateauing in volume (an ultimately, prices) was to be expected. To slip to an annualized rate of 6 million (i.e. 500,000 homes sold in February) isn't bad at all by historical standards.

https://tradingeconomics.com/united-states/existing-home-sales (click on max)

Now, if it falls to 5 million (annualized) or less - that's trouble.

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Existing home sales fall in February [View all] mahatmakanejeeves Mar 2022 OP

The combination of higher mortgage rate and higher home prices: 35.6% higher P&I payment progree Mar 2022 #1

#s make sense but the supply is very low. So there is Laura PourMeADrink Mar 2022 #2

That - and the fact that existing home sales had risen so much over the past decade peppertree Mar 2022 #3

Perhaps. Our hometown agent in CT told me that Laura PourMeADrink Mar 2022 #4