Top-heavy housing market is crowding out the little guys

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From Bloomberg: Top-Heavy U.S. Housing Market Is Crowding Out the Little Guys. The U.S. housing market is looking a little top-heavy these days. Beneath a steady May existing home-sales number that helped put to rest fears that the busy selling season had perhaps hit a lull, the lingering supply issues haunting the industry could be making the market less stable as it continues to limit entry.

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The U.S. housing market is looking a little top-heavy these days. Beneath a steady May existing home-sales number that helped put to rest fears that the busy selling season had perhaps hit a lull, the lingering supply issues haunting the industry could be making the market less stable as it continues to limit entry for lower-end buyers.

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Though Michigan law requires municipalities to reassess real estate values every five years, the city of Detroit did not do so once between 1995 and 2015, with the consequence that after the housing.

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Top-heavy U.S. housing market crowding out the little guys. However, there are some exceptions. For instance, the market isn’t coming close to squeezing out well-off little guys like Tom Cruise and Michael Bloomberg, which, btw, happens to be where this report originates.

These all-cash buyers may be crowding out traditional. housing prices over the economic cycle. And it works in the other direction when home prices are relatively soft and rents are high: investors.

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