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Tuesday, 05/24/2022 4:53:11 AM

Tuesday, May 24, 2022 4:53:11 AM

Post# of 29816
Housing crash stay tuned…Meanwhile, with mortgage rates at 5.4% to 5.7% a sustained housing sales slump is an easy call. 
Prices will come down, the pertinent question is "how fast?" 
discounts in Austin.
Lennar Homes Austin, TX keep increasing
• April 26 - $10k home buyer incentives
• May 10 - $15k home buyer incentives
• May 17 - $30k home buyer incentives
Incentives always increase before prices decline. Price markdowns are coming and that will pressure existing home prices as well.
The NAHB Wells Fargo Home Builder's Index Is Sinking Spectacularly….
The housing bust is just getting started.