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Reply to "House prices falling?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]yeah, there are tons of first time buyers sitting on mounds of cash about to enter the market, they usually represent 40% of existing home sales but have been trending at 29%, sure that return to the mean and shoot up prices.[/quote] Unless they pack up and move elsewhere.[/quote] No other places with cheaper housing have jobs. Mobility in USA is way down from historical norms. http://www.washingtonpost.com/blogs/wonkblog/wp/2013/05/11/why-arent-americans-moving-anymore-heres-a-new-theory/[/quote]
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