From the Washington Post:
Sales of New Single-Family Homes at 16-Year Low
I wrote ten years ago that residential construction was THE leading indicator. And Ed Leamer says housing IS the business cycle. Yikes!
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So let people build homes the size they can afford already. They will then buy furnishings for their new homes, and the economy will thrive.
The changes in the real estate assets are always enlightened by the media outlets, but you have to keep in mind that even in the area of the decreased real estate market there will be some properties having increased market rate. If you are not aware of the real estate market change then are performing a non sense act of measuring the wider market rate. When you are discussing with the asset owner about the property sale then you should know about the value of David Lindahl scam.
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