McMansions prove to be poor investment In a shocking turn of events, it turns out Americans don’t want to buy ugly homes after all, according to Bloomberg. The McMansion craze that started in the late 1990s hit its end when home prices with these homes failed to keep up with the rest of the market.
Home sales decrease for first time in months Home sales are down for the first time since November while home prices continue to increase even higher. NAR explains two major factors to the sudden drop in home sales, and what it will mean for the remainder of 2016.
FHFA: Homes are becoming slightly more affordable Home prices aren’t rising as fast as economists predicted. In fact, a close look at the month-over-month price changes during the quarter reveals a potentially significant market shift, according to the FHFA.
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