Are you worried about slowing home transactions in 2019?

Are you worried about slowing home transactions in 2019?

Member since 2019 · 1 post · 0 votes

I've read a lot about the slowing of home sales and transactions so far in 2019. This article had me more alarmed than others

https://ad-venturing.com/2019/03/26/housing-growth-hits-a-brick-wall/

They have a graph/picture in the article that show National home sales down 8.2% so far in Feb. 

How are you guys protecting yourselves from a possible downturn? What happens if interest rates go through the roof? 

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  • Investor · Las Vegas, NV · Member since 2013 · 8k+ posts · 10k+ votes
    7y

    Don’t worry, you were alarmed by either bad, misleading, early analysis or maybe just click-bait. If their chart showed sales down 8% for February when the correct answer was plus 12% hard to ever listen to them again  

    Try to avoid “news” sites with “ad”(vertising) in the name  

    https://www.cnbc.com/2019/03/22/home-sales-make-record-jump-in-february.html

    Home sales make record jump, proving how sensitive buyers are to mortgage rates
    • Sales of existing homes skyrocketed a whopping 11.8 percent in February compared with January, according to the National Association of Realtors.
    • That is the largest monthly jump ever, with the exception of a change in mortgage policy in 2015 that artificially pushed one month's sales into the next month.
    Haha. I just noticed your entire post was click bait. A fake account to drive traffic to your website. Good one
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