Pending Home Sales have fallen to lowest level ever recorded 📉🏡 pic.twitter.com/kIaAk7axF0
— Barchart (@Barchart) March 5, 2026
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State collapse is inevitable when a society’s leaders are insulated from the negative consequences of their bad decisions.
Mike Shelby
3 responses to “Home Sales”
These are aggregate numbers obviously, but two homes have gone on the market in my neighborhood in the past couple of months. The first was under contract in less than a week and closed in less than a month. The second under contract in less than two weeks but not yet closed. I guess location, location, location really means something. And the first home was bought by a real human being, not a bloodsucking corporation. We’ll see on the second.
Yeah, highly desirable locales are still closing sales, but with the general trajectory things are on, I expect those areas will start feeling the pinch as well before too long.
Anyone with an older mortgage with a low rate non-transferable mortgage won’t choose to move unless under duress. Anyone contemplating a purchase of a high priced home with high interest rate should sit tight until prices come down.