“December home sales slump to close out worst year since 1995”
January 22, 2024
“Sales of previously owned homes fell 1% in December compared with November to 3.78 million units on a seasonally adjusted annualized basis, according to the National Association of Realtors. Sales were 6.2% lower than in December 2022, marking the lowest level since August 2010.
Full-year sales for 2023 came in at 4.09 million units, the lowest tally since 1995…”
https://www.cnbc.com/2024/01/19/december-home-sales-slump-to-close-out-worst-year-since-1995.html
Two major things about real estate need to be watched. Commercial real estate and the situation in China. China looks like it’s about to collapse and the majority of their debt is real estate based. How this’ll affect the world is anyone’s guess