Friday, October 26, 2018

Housing Is Tanking in the Northeast. Guess Why. - Bloomberg

Housing Is Tanking in the Northeast. Guess Why. - Bloomberg



...There was one region of the country, though, where home sales were definitely down by a lot. That would be the Northeast, where new home sales fell year over year at a rate somewhere between 31.2 percent and 71.4 percent (midpoint: 51.3 percent):

Not Buying in the Northeast

Percentage change in sales of new single-family houses, Sept. 2017-Sept. 2018
Source: U.S. Census Bureau
Why might this have happened?

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