Morning, Mr. G. Yeah... who are they to judge a tippler's recreational habits? Chilly this a.m. I'm in heaven. You're in hell. It will warm up. Then our positions will be reversed. Thinking about fixing breakfast while I wait for things to dry out around here. My back yard grass will be up to my azz if I don't get out there. Have a good one and will leave you with this... It was in the NY Post last night about affordable housing markets. Lots of pictures at the link.
Bargain bonanza: 15 cities revealed where home prices are falling amid soaring mortgage rates By Mary K. Jacob Published May 10, 2024, 4:00 p.m. ET ... According to a recent report by the National Association of Realtors (NAR), these 15 US cities have bucked the trend of rising home values, offering a respite for prospective buyers.
Topping the list is an upstate New York town steeped in rich culture and history; the roundup also includes three cities in Florida and two each in Texas and Louisiana.
While the nation witnesses a staggering 5 percent year-on-year increase in the median price of single-family homes, reaching a median of $389,400, some areas are swimming against the tide with select neighborhoods experiencing a decline in home values.
NAR’s chief economist, Lawrence Yun, attributes the discrepancy to the pressing issue of housing supply failing to meet burgeoning demand.
“Rising prices are the direct result of insufficient housing supply not meeting the full demand,” Yun explained, shedding light on the underlying dynamics of the market.
Leading the pack of bargain locales is New York’s Southern Tier city of Elmira, once hailed as the stomping ground of literary icon Mark Twain.
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