• Sep 28, 2021
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  US home sales have turned negative

  
  

  Tight supply pushed prices up. Sales of homes under $250k fell compared with a year ago, although those over $1m rose 40%.
  

  
  

  First time buyers are having a hard time with higher prices. Home prices are up 20% over the past year. Median price is $356k (I think). First time home buyers are half the percentage of the market they used to be. Sticker shock?

  
  

  Fed is doing this, according to Josh Brown, with 'mindless asset purchases,' like mortgage bonds of $40b a month, harming the first time buyer.

  
  

  If rates rise further, which is speculated, it might slow home buying even more. Some experts think this will affect second house buys and more expensive house buys, rather than first home buys, because Americans still seem to like the idea of owning a home and putting their money into this investment, whereas people who already have a house will be less likely to buy a different one.
  
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  <div><b>US home sales have turned negative</b></div><div><br></div><div>Tight supply pushed prices up. Sales of homes under $250k fell compared with a year ago, although those over $1m rose 40%. <br></div><div><br></div><div>First time buyers are having a hard time with higher prices. Home prices are up 20% over the past year. Median price is $356k (I think). First time home buyers are half the percentage of the market they used to be. Sticker shock?</div><div><br></div><div>Fed is doing this, according to Josh Brown, with 'mindless asset purchases,' like mortgage bonds of $40b a month, harming the first time buyer.</div><div><br></div><div>If rates rise further, which is speculated, it might slow home buying even more. Some experts think this will affect second house buys and more expensive house buys, rather than first home buys, because Americans still seem to like the idea of owning a home and putting their money into this investment, whereas people who already have a house will be less likely to buy a different one.<br></div>

  US home sales have turned negative

  
  

  Tight supply pushed prices up. Sales of homes under $250k fell compared with a year ago, although those over $1m rose 40%.
  

  
  

  First time buyers are having a hard time with higher prices. Home prices are up 20% over the past year. Median price is $356k (I think). First time home buyers are half the percentage of the market they used to be. Sticker shock?

  
  

  Fed is doing this, according to Josh Brown, with 'mindless asset purchases,' like mortgage bonds of $40b a month, harming the first time buyer.

  
  

  If rates rise further, which is speculated, it might slow home buying even more. Some experts think this will affect second house buys and more expensive house buys, rather than first home buys, because Americans still seem to like the idea of owning a home and putting their money into this investment, whereas people who already have a house will be less likely to buy a different one.
  

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