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Giuliano Giacaglia
@giu
New house prices are falling at the fastest rate even faster than during the GFC!!
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Akhil Sathyan
@ilovemovies
What could be causing this dip while the supply of new houses YoY is also down?
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Monteluna
@monteluna
It has to be sellers finally capitulating and lowering prices. Rates have been high for a year now, and at least up here in Boston, it's been a cash market. You eventually run out of buyers willing to pay for a house in cash, and it was clear sellers were just refusing to lower prices. Eventually it had to break
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Akhil Sathyan
@ilovemovies
Makes sense. Thanks for explaining!
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