Arrr, me hearties! The scurvy dogs be sayin' that the sellin' o' homes be takin' a dive like a cannonball off the plank!
2024-04-18
Arrr mateys, the scallywags at the National Association of Realtors be reporting a 4.3% drop in existing home sales in March! Ye see, the mortgage rates be climbing like a monkey up a mast, scaring off many a potential buyer. Homeowners be holdin' on tight to their treasure chests, afraid to dip their toes back into the home loan waters. Aye, 'tis a rough sea out there for the landlubbers!
Arrr, me hearties! Listen up ye landlubbers, for I bring ye news of a great plundering in the housing market! In the month of March, existing home sales be fallin' by 4.3%, the biggest drop in over a year! The scallywags at the National Association of Realtors be blamin' it on them pesky mortgage rates, which be risin' faster than a pirate ship in a storm!Many a potential homebuyer be walkin' the plank as them rates be makin' it too expensive to buy a new ship... err, I mean home. And even them homeowners be keepin' a hold of their treasures, afraid to sell and have to deal with them high mortgage rates themselves. It be a real mess out there, me mateys!
So, let this be a lesson to ye all - keep a weather eye on them mortgage rates, or ye might find yerself stuck in a leaky old ship... I mean house, with no way out! Arrr!