people are cutting prices on their homes. you ve had a record number of people reneging on home purchases because they couldn t qualify or any had second thoughts about the monthly payment this is they were signing themselves up for after they had agreed to buy a home.tg themselves up for after they had agreed to buy a home. so a substantial and quick cooldown. the medicine is working in a sense that it cooled off a very hot part of the economy. and it is not working in the sense that it has made housing anymore affordable if you are interested in being an owner. and then of course rents are marching ever upwards because all the people who can t afford to buy a home are staying or going back to the rental market which is very strong and it is getting more difficult to build and ren natuvenerate rental pro.
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