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Thanks for this well cited information. Here in the US we also have a strange habit of describing housing as national instead of local. Even during the housin

by ishjoh 5y ago

Thanks for this well cited information. Here in the US we also have a strange habit of describing housing as national instead of local. Even during the housing bubble pop in 08/09, there were some markets that were hit extremely hard like Las Vegas, and others that were barely impacted like Dallas. I'm in a market that had insane growth over the last few years, and I am now seeing price cuts on lots of houses listed for sale.

rgbrgb 5y ago
One thing to note is that seasonally there are always less listings and less home shoppers at the end of the year. So seeing more price cuts and less new listings is actually pretty normal in October, November, and December. Personally I'd bet on continued growth in January.
nradov 5y ago
Price cuts don't necessarily mean anything. Better to look at the Case-Shiller index if you're in one of the covered metropolitan areas. https://realestatedecoded.com/case-shiller/ https://realestatedecoded.com/case-shiller/