Then, as if someone flipped a switch, the trend shifted into reverse. Not just in the US but nearly everywhere. This list of recent headlines tells the tale:
Housing demand sees biggest drop in more than 2 years
Hamptons property sales slow as caution spreads to the wealthy
Home Prices Are Falling in One of America’s Richest Suburbs
First Time Ever, More Chinese sellers than buyers
Record Drop in Foreigners Buying U.S. Homes
Australian home prices take biggest dip since 2011
The End of the Global Housing Boom
Manhattan Real Estate: Prices Plummet, Sales Tank
What’s happening and why is it happening now?
Several things came together pretty much simultaneously to turn houses from must-have-at-any-price necessities into completely optional and maybe not even desirable:
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Several things came together pretty much simultaneously to turn houses from must-have-at-any-price necessities into completely optional and maybe not even desirable:
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