@WallStreetSilv: US Existing Home Sales decrease - largest ever annual decline🔥🔥🔥
(media.greatawakening.win)
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If that graph is accurate, it means we're less than a third of the way through the same time period of the 2008 crash, while also surpassing the lowest valley of that time.
In other words, the housing market is fucking bonkers, yo!
Lets crash our own home values, then demand a tax re-assessment. Those fuckers keep jacking our property taxes based on what someone else sold their house for!
oooh AND just yesterday (trying to remember where) i saw an article about NEW home contracts having a massively high cancel rate, i think it was over 60%???? will edit or add comment if i can find that article - so if you put those 2 together it's an even bigger shit show
KB homes, one of the largest builders:
https://archive.is/ZlPct
Interesting chart.
Note the bad dip around the beginning of pandemic lockdowns, but that rebounded.
And what's bad about now is that line down is almost as steep as the pandemic lockdown line, but far steeper than the financial crisis of the 2006/8 timeframe. It's just getting started.