Housing Market Takes A Nosedive And Inventory Not Anticipated In The Industry

350 Percent Foreclosure Rates Reported, Housing Purchases Down, New Construction In The Tank

Wage growth is stagnant at best and the 5.1% annual increase in home prices are the slowest pace of appreciation since late 2016. That said, housing prices are still nearly double the rate of wage gains. Sugar high tax cuts for the rich is the legacy of the Trump Administration. And while the national numbers with respect to foreclosures are in decline, that artificial picture painted is not showing the alarming 350% increase in Beaumont, Texas. Savannah, Georgia, came in at a whopping 342% increase. And towns not even remotely impacted by disasters such . . .

 

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