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Home Sales Plunge: A Good Reason to Panic

Home Sales Plunge: a Good Reason to Panic
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On today’s episode of Double Down, hosts Max Keiser and Stacy Herbert are joined by Lee Adler of the Wall Street Examiner to discuss the collapsing volume seen in property sales across the US. Is it time to panic?

Property sales volumes are plunging and some insiders are telling investors ‘not to panic.’ Is this a reason to panic? With the US and Canadian governments cracking down on anonymous all cash buyers and developers stuffed to the gills with ‘luxury’ condos to sell, it looks like the property markets could look set for a big fall. Lee Adler of WallStreetExaminer.com tells Double Down, however, that while the smart money may be selling now, prices might not follow for another year or two.

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