The latest from MJ Perry. Low interest rate, tanking housing prices. Ah, if only the macro-economic fundamentals of the economy were sound. Also, keep in mind markets can over-adjust.
My local association of Real-Tors(TM)(C)(Don't use this or we'll own you) has been running radio ads for the past couple of years. Until about two months ago they said "Historically house prices have gained about 10% per year". They finally came down to earth and say "Affordability has increased" in the same breathless booster tone of voice. Yay, secret code words make it all better.
Actually, here in Dallas area, neither was really true...
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My local association of Real-Tors(TM)(C)(Don't use this or we'll own you) has been running radio ads for the past couple of years. Until about two months ago they said "Historically house prices have gained about 10% per year". They finally came down to earth and say "Affordability has increased" in the same breathless booster tone of voice. Yay, secret code words make it all better.
Actually, here in Dallas area, neither was really true...
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