“For sale” signs are multiplying in previously red-hot markets like San Jose, Chicago and Phoenix. The volume of U.S. monthly home sales have
The resulting “affordability squeeze” is keeping many would-be buyers out and leading to fewer deals, analysts say.Rachel Payne, a public school teacher in northern Virginia, says she gave up on her search recently after her dream home fell through. She and her fiancé, a professional poker player, put in an offer of $1.05 million on a four-bedroom house in the Belle Haven neighborhood of Alexandria, but the seller wanted to waive an inspection.
Housing inventory, which refers to the number of active listings, has swelled in some of the country’s most expensive metro areas, according Redfin data. It’s up 47 percent in Denver, 43 percent in Oakland, Calif., and 10 percent in San Jose. After renting for just shy of a decade, Myles Hughes, 32, wanted a place of his own. Late last year, he got married and moved from Florida to Albuquerque for a change of scenery.
Pitting people against each other is what corporate media is for
Recession
LOL yeah right
The market started to cool off in San Diego beginning in April. Houses are being discounted 10%-15%. Regardless of inventory. Phoenix has seen double digit inventory. By December it will be a buyers market.
So the people could buy the house which the budget which they have it on their pocket , think if the properity give their flexible prices i think it will blooming again, like a sun flower blooing on the roof ahhhem