Is the Housing Market Even Worse than it Seems?
If you listen to his arguments (2:14:30 into video of the meeting), it’s clear that he doesn’t understand the housing market.
Tech pressures have risen, venture capital-backed competitors have stormed the market. This seems amazing. I think I’m.
Rather, there seems to be a real rollover in both the applications for housing permits as. of interested investors more so.
· The continued deluge was already expected to weigh on restaurant sales, but it seems the fallout could be even worse than originally forecast. Canaccord on Wednesday lowered its August same-store sales estimate for the restaurant industry to a drop of between 2 and 4 percent.
Even though the housing market likely won’t be the cause of the next recession, an economic downturn would still have an impact on the US real estate sector. The housing market in the U.S. could enter a recession in under five years, with Zillow predicting that it will occur in 2020.
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Housing costs are just one factor in the complex tangle of reasons people become homeless. California actually has fewer people experiencing homeless now than it did a decade ago.
It’s official, the housing market has cooled off, but it will take some time for it to become a buyers’ market. "Now we have seen several months of data that tells me the housing market is.
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