CNBC: Sales in the West, which has seen a sharp increase in home prices amid tight inventories, plummeted 32.1 percent to a 110,000 unit-rate, the lowest level since July 2014. The percent decline was the largest since May 2010.
Whoops. Of all the bad news, to have California leading another national housing bust is the baddest. Look for construction layoffs.
No comments:
Post a Comment