The housing industry has been a subject of controversy in recent months as the media discusses the impact of government programs for home buyers and students. A recent Wall Street Journal editorial piece cited a stat to say home prices are 13% below last year, but this statistic has been proven to be blatantly false.
In reality, home prices remain just fractionally above where they were a year ago. It is important to note that the housing industry was not drasticly impacted by the government programs; the programs did not cause any major disturbances in pricing or cause the stat provided to be valid. While the editorial piece was intended to create a sense of urgency and worry among the public, the reality is that the housing industry is doing well, with prices staying just fractionally above what they were prior to the programs.
Main Points:
• The Wall Street Journal editorial piece cited a stat that home prices are 13% below last year
• This stat has been proven false
• Home prices remain just fractionally above where they were a year ago
• Government programs for home buyers and students did not cause major disturbances in pricing
• The reality is that the housing industry is doing well, with prices staying just fractionally above what they were prior to the programs
You can read this full article at: https://www.housingwire.com/articles/home-sales-dip-but-prices-are-holding-steady-for-now/(subscription required)
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