Housing Bubble Getting Ready to Pop: Pending Sales Plunge in June, Inventory Jumps, Price Reductions Spike amid Holy-Moly Mortgage Rates

by Wolf Richter, Wolf Street: Pent-up supply suddenly shows up – those vacant homes that no one was counting as vacant. For the last two years, the story was that there’s no inventory for sale, that there was a housing shortage, and that’s why prices were skyrocketing. Then there were other folks like me that […]

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