Chicago, Dallas-Fort Worth, Atlanta, Minneapolis, Charlotte, Detroit, Cleveland.
New York condos, San Francisco, SoCal, Seattle year-over-year gains shrink to near zero. Las Vegas flat for 6th month. Miami & Phoenix at post-Housing Bust highs.
Where are the foreign investors in this phenomenon?
Vancouver prices drop. Toronto down 3.7% from peak, flat for 10 months. Winnipeg plunges most since at least 1990. Quebec City flat for 6 years.
Why a US-Style Mortgage Crisis Can Happen Anywhere.
But this new and horrendous house flipping operation inflated revenues “more than expected.”
Now even the surface of the market has softened, not just the underlying dynamics.
House prices set post-collapse record in Miami, flatten out in Las Vegas, Phoenix & once red-hot Charlotte, linger below Oct 2018 levels in Washington, DC & Chicago. Cincinnati & Detroit in a show of their own.
Condo prices fall year-over-year in New York. In San Francisco, SoCal, & Seattle, year-over-year price gains shrink to nearly nothing. Despite the hype, Boston prices decline. Denver, Dallas & Atlanta eke out records.
So Sales Finally Tick Up.