From Dr Eschker and our hard-working friends at HSU. Housing prices are UP but home sales are DOWN. Go Figure.
The Index is HERE.
Redwood Coast Business
Small business and entrepreneurship in Humboldt County
From Dr Eschker and our hard-working friends at HSU. Housing prices are UP but home sales are DOWN. Go Figure.
The Index is HERE.
As housing prices rise the number of people that can afford the houses decline. “Cars Decline in Value, Why Not Homes too?” is an article in the Feb 12, 2017 NY Times which argues that homeowners need to stop thinking of their homes as an investment but rather as a basic necessity. It notes that people are outraged when gas prices increase or when milk costs more, but when home prices increase it is called “a recovery”. This article may still be available on their website.
Thanks! I’ll take a look.