The S&P/Case-Shiller home-price indexes showed home prices in 10 major metropolitan areas fell a record 17.7% in August from a year earlier and 1.1% from July.
Falling prices will help the market clear the supply overhang and, as a bonus,will make housing much more affordable. Given the likely inflation ahead, it's probably a very good time to start looking for your dream house.
No comments:
Post a Comment