Existing Home Sales in the United States decreased to 3890 Thousand in June from 4110 Thousand in May of 2024. This page provides the latest reported value for - United States Existing Home Sales - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.
Demand for good, affordable, and well-designed housing hasn’t crashed. Demand for horribly inflated, built-for-bullet-points spec’d, balloon-framed McMansions has crashed.
Sort of like how “no one wants to work anymore (For $11.50/hr)!!!” Slash the prices on the houses to pre-pandemic levels and I bet they’d sell.
Demand for good, affordable, and well-designed housing hasn’t crashed. Demand for horribly inflated, built-for-bullet-points spec’d, balloon-framed McMansions has crashed.
Sort of like how “no one wants to work anymore (For $11.50/hr)!!!” Slash the prices on the houses to pre-pandemic levels and I bet they’d sell.