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kitelooper t1_j2vt651 wrote

Surprised to see real estate going down. I thought the housing bubble was still getting pumped?

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julietOscarEch0 t1_j2vyapt wrote

Why do you think that? The economy and rates/mortgages are pummelling it.

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PixelatedPanda1 t1_j2wn3eu wrote

House prices are down maybe 8% so far from an all time high according to case shiller (has a lag)

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anoretu t1_j2wndoi wrote

Did you live in a cave for last 8 months ?

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skilliard7 t1_j2wyoc4 wrote

Real estate is more than just housing. Think commercial properties, industrial, farmland, cell tower cites, etc. REITs are down about 28% on average.

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kitelooper t1_j2xj70f wrote

That makes more sense now. Because housing is still up, right? (Im not from the States, and here in EU residential prices have not suffered)

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