Sales fell in December, when the new tax law was signed, and then again in January, when mortgage rates moved higher. Sales are now at their lowest level since August of last year.
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This is a good thing. Housing Bubble 2.0 has crushed consumer spending power for the working class. These high prices were engineered by the Fed's rediculous and unnecessary dollar devaluation. Quantative Easing is theft via the inflation tax and was a politically motivated decision to bail out Obama's second term.
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