Yesterday's comments were about housing sales going up for the past few months. Today's news is that NEW home sales are down a lot. Just another indication that the values available with existing construction are huge.
I don't think that people should ever buy a home with the expectation that the home will increase in value short term (2-3 years) but as the glut of homes disappears and as interest rates go back up (thanks to the government rates are artificially low) homes will increase in value.
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