N.A.R. REPORT: HOME SALES DROP UNPRECEDENTED 10% IN FEBRUARY!
Sales are down and prices are down...like a...rock? PRICES BACK DOWN TO 2002 LEVELS AND LOWER!
N.A.R. REPORT: Fewer Americans bought previously occupied homes in February and those who did purchased them at steep discounts. The weak rate of sales pushed home prices down to their lowest level in nearly 9 years.
The National Association of Realtors said Monday that sales of previously occupied homes fell last month to a seasonally adjusted annual rate of 4.88 million. That's down 9.6 percent from 5.4 million in January. The pace is far below the 6 million homes a year that economists say represents a healthy market.
THIS IS THE TIME TO BUY APARTMENT BUILDINGS! THOSE WHO BUY NOW WILL HOUSE THE DISPLACED FORMER HOMEOWNERS FROM THE "GREAT RECESSION OF 2006 - 2020?".
Many families who lost their homes will VOW "never to lose another home"...which means, lifelong renters.
CONTACT ME TO PURCHASE GREAT SOUTHERN CALIFORNIA INCOME PROPERTY!
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