It’s a Bad Time to Buy a Home

by Mike ‘Mish’ Shedlock
The Street

Home are priced for perfection and few can afford them. I expect prices to decline.

The National Association of Realtors will not like this post, but home prices need to come down, and they will.

Even before the Covid-19 pandemic, home prices were on a trend that was unlikely to continue for long.

Median Home Price vs Median Household Income

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