Oh the economy is 'booming'. Riiiiight. - U.S. Home Sales Plummeting

Oh the economy is 'booming'. Riiiiight. - U.S. Home Sales Plummeting 

The U.S. housing market is crumbling--a worrying indication that an economic catastrophe could be brewing. Yet, nobody seems sure why this is happening in an economy that remains hale and hearty by most measures.

But don’t rush to your banker just yet hoping to get an easy deal. Rejections for mortgages and refinancing applications have, unfathomably, shot up to record levels.

https://safehaven.com/news/Breaking-News/US-Home-Sales-are-Plummeti...

This is a classic case of real world (nobody has money) versus media propaganda (the economy is great) colliding head-on! - Mike Rivero

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Comment by Diana on February 8, 2019 at 4:57pm

The Fed has raised interest rates 7 times since Trump has been in office and each time mortgage rates also rise making ownership more expensive.  So even if the economy is doing better, it is becoming more expensive to own.

Comment by Marklar's Ghost on February 8, 2019 at 4:38pm

A regional boom means nothing when talking about a nation. The economy has gotten better under Trump over all but not enough to call anything a boom on the national level. The economy was in such shambles that a little improvement does not equal a boom.

Here in Washington home sales have boomed over the last several years as homelessness has increased by 10 fold. The only reason for the housing boom here is because of Foreign investment resulting in a buttload of Chinese landlords who won't even let you keep your shoes on if you rent from them.

Enjoy that in Texas, the newbs from New York and other Democratic shitholes will not be conservatives just as the Californians that invaded us were not conservatives but just socialists that think they'll do better if they try it again somewhere else.

Sorry, not a democrat,.. guess again.

Comment by Doc Vega on February 8, 2019 at 1:16pm

I don't know where the hell you're living but if you can grab a news paper floating by down the street from you piano box housing you might find that real estate home sales in Texas are booming due to the migration from New York and other blue states with too damn many taxes! Every one of your comments are typical Democrat talking points. try being a little more original.

Comment by Deep Space on February 8, 2019 at 5:11am

   ...and tent cities.

Comment by Marklar's Ghost on February 7, 2019 at 9:45pm

Hence the boom in Van living.

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