Housing in the US is an unusual market, as housing prices tend to be “sticky” far more than in other consumer markets. Which is why, despite the worst sales slump in 10 years, asking prices for existing homes continues to rise. Sales of previously occupied US homes fell in October for the ninth month in a row to the slowest pre-pandemic sales pace in more than 10 years, as homebuyers grappled with
good catch.
i hear blackrock has a new division called bear stearns. what better way to snare homeowners in a debt trap?