There is 'early softening' in housing market: Economist

[@Seanpfree]

First time home ownership is OVER in the US.

[@CaptureCat88]

Shut up Sean. You just doomspost on every channel about housing.

[@Seanpfree]

@@CaptureCat88 copy and paste baybay

[@smileimagirl]

No, you just have to be willing to fix up a small house, same as the previous generations.

[@Seanpfree]

@@smileimagirl "The old days" you're talking about, homes cost 2-3x average annual income back then. Today, a "starter home" costs 6-7x average annual income. Huge difference. These fixer-uppers you're referring to in middle TN are $350,000 at 7%. The average income is $58,000. There are very few first-time buyers that can afford a $3,200 mortgage every month plus HOA, insurance, PMI, & repairs.

[@SwagAli]

Investors are buying everything and turning them into rentals.

[@lokesh303101]

Softening means to say Boost given towards Real Estate to exploit Vertical Space. Moderation of Taxes are Required in Lot Values by the Auctions. Offsets in Manufacturing Activity means to say Moderation of Utility Taxes.

[@Sonofawildanimal4241]

HOMES ARE STILL GETTING CASH OFFERS AND MULTIPLE OFFERS IN DESIRABLE LOCATIONS - THERE IS NO SLOWDOWN FOR USED STARTERS HOMES IN HALFWAY DECENT AREAS

[@zcorpalpha2462]

LOL 😂 Not near me

[@zcorpalpha2462]

Why she sound like she’s in the bathroom 🚽 😂 ❓

[@lokesh303101]

Good!