Home Sales Melt Down Nationally to Depths of Housing Bust 1. Prices -10% in 5 Months. Cash Buyers, Investors Massively Pull Back
by Wolf Richter, Wolf Street: The seller-buyer standoff. Sales of all types of previously owned houses, condos, and co-ops plunged by 7.7% in November from October, the 10th month in a row of declines, to a seasonally adjusted annual rate of sales of 4.09 million homes, nearly matching the lockdown-low in May 2020. And beyond May […]
