Supply-Side Economics

[Chicks]

The housing market is slowing down, and that's a bad sign for the economy

Huh. Whell assured us everyone would have a huge bump in salary from the tax cut, and everyone is employed, right? That means lots of home sales, ‘cause everything is just hunky dory! Oops. Gosh, it must be so nice in Trumpkin moron world!

https://finance.yahoo.com/news/housi...103833729.html

[whell]

Originally Posted by Chicks

The housing market is slowing down, and that's a bad sign for the economy

Huh. Whell assured us everyone would have a huge bump in salary from the tax cut, and everyone is employed, right? That means lots of home sales, ‘cause everything is just hunky dory! Oops. Gosh, it must be so nice in Trumpkin moron world!

https://finance.yahoo.com/news/housi...103833729.html

More hot air from Captain Know-Nothing. Housing inventory is down, both existing and new home inventory. Its totally a sellers market right now. Rates are still near historic lows.

https://seekingalpha.com/article/419...economy?page=2

But by some accounts, the housing weakness is less about economic conditions in general vs. issues tied to real estate. The slowdown in housing appears to be a reaction to rising prices, says Adam Contos, CEO at RE/MAX, a real estate firm. "Year-over-year prices have been climbing for more than two years now, which is great news for homeowners and sellers," he observes. "The slower sales figures we're seeing are tied to inventory more than anything else."

Suggestion - try reading with comprehension. You'll get a lot more out of some of these articles by paying more attention to what actually is happening in the market versus your undying focus and allegiance to the breathless nay-sayers, some of whom make a living out of predicting and writing about doom and gloom. Also, multiple data points versus a single data point is helpful. Even in the article you post, there's a pretty signifcant - though slanted - qualifier:

“Chronically low inventory is choking sales,” said Jonathan Miller, president and CEO of Miller Samuel Inc., a real estate appraisal firm, adding that higher-cost housing markets such as New York City and San Francisco are seeing a slowdown in sales more so because of homebuyers’ uncertainty over the Trump administration’s federal tax reform.

Maybe that's what folks in NY and San Fran are talking about - thought I doubt it - but most folks that I know who are looking for homes are concerned about lack of availability than they are what Washington is doing.