New Signs The Red-Hot Housing Market Is Cooling

There are more signs that the turbulent housing market could be slowing down. Existing homes are selling at the slowest pace in nearly seven years, with the exception of the start of the pandemic, according to an industry report.

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[worthlessgarbage]

I hope the housing market completely tanks

[victimoffame]

Cooling is not sufficient, it should go into deep freeze

[MrWaterbugdesign]

If a single woman working a low paying job can afford a condo then plenty of people can. The reason sales are down is people are scared. Look at buyer confidence surveys.

[TheEnd-egwq]

You live in Chicago, short life expectancy.

[MAJ]

Average home 300k, peak = 500k, cooling down = still 475k. Lol still to high.

[jimmyhurley]

If shes working 2 jobs she can't afford her home...she's probably going to lose it when the bottom falls out.

[lucyameliaflynn]

Starting early is the best way of getting ahead to build wealth, investing remains a priority. The stock market has plenty of opportunities to earn a decent payouts, with the right skills and proper understanding of how the market works.

[dunggg]

That social worker was willing to take a second job to make her housing payment… that’s a lot to do to afford a house

[yohaneschristianp]

It's pretty understandable why, the price is just too high and it is not that worth it anymore.

Price manipulation might finally end.

[newb]

About time! More real people will buy houses 🏠 not investors.

[chuckles]

GOOD people in general just need to STOP buying stuff they're being over charged Or at least slow down ... The more you're willing to pay the more they WILL charger..People are buying themselves right into a Great Depression . To the point where you can't even afford things anymore

[David-pmmn]

I can't wait til these fools that payed way over asking price are upside down and owe more than the homes value. Hard lessons

[RR-zqmk]

Prices can come down but what everyone wants is for home values to plummet. A home valued at $250, 000 in 2020 probably sold last year for $425, 000 with a value of $375, 000. Now that stupid owner believes they can still sell their house for at or more then they paid for it. Value needs to drop drastically and I hope it stings those greedy buyers where it hurts.

[romesking]

BlackRock has entered the chat:
What unaffordable houses? 👋🤣
You work for me now!

[mahermaher]

Thats good news for people but still crazy high in Texas

[peterinbrat]

Well yeah, corporate buyers inflated prices and gamed the system and houses have been overvalued for over five years. We're overdue for a reset.

[houghtonstreet]

My house is worth $100k!!!! I am so so so rich

[TheeRighteousOnee]

Interest rates are almost at 6% though. Crazy.

[DIVISIONINCISION]

She isn't a Licensed Clinical Social Worker, and that's why she's struggling financially. A LMSW is basically a Master's level Social Worker but they aren't qualified for Clinical Mental Health settings like a Psychologist or Mental Health Counselor is. There's no point in getting a Master's degree in Social Work unless you are going to level up to LCSW where you can actually make a decent wage. To be honest, you don't even really need a degree to go in to Social Work. Many caseworkers don't have degrees.

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