Heterodox
Existing home sales now down 25% from peak; but price increases keep steamrolling on Although existing home sales are less economically important than new home sales, what has been happening with their prices, given the experience of the housing bubble and bust 15 years ago, is of added importance. The simple summary is that sales have declined precipitously, while price appreciation keeps stubbornly rolling on due to (still!) a severe lack of...
Read More »Existing home sales down 25%; price increases keep steamrolling on
