Assuming this stays in place, a wave of foreclosures won’t lead to a supply spike that puts downward pressure on home prices, but given the situation is fluid, it can’t be ruled out that the federal moratorium is lifted. what does "tanking" mean in "a tanking economy? By their very nature tanking membranes need to be 100% defect-free to achieve their design function of holding back water. Also, can you guarantee that the land drain will remain unblocked and free from defects for the life of the building? So what’s different this time around? We realise that water will try to follow the path of least resistance when it is under pressure. If anything, prices went up. Home Prices May Be Dropping Soon. "In the tank" is a slang term referring to prolonged poor performance. Disclaimer. Generally, home prices have been pushed up over the last 5 years by high demand created by a then-booming economy and a low supply of housing for sale, due in part to relatively low levels of housing construction and available land on which to build. Stay-at-home orders have ground much of the economy to a halt, prompting trillions in stimulus spending by the federal government in hopes of keeping industries afloat. Also provides access to questions tips, exam tips and help with study skills. Are the Wealthy Starting to Leave San Francisco? Demand metrics like mortgage applications are up, and pending home sales have returned close to their normal in cities less impacted by the pandemic. However, pending home sales in cities hit hardest on the coasts remain down significantly year-over-year. Test your knowledge of the English language. • Even when the site investigation indicates dry conditions, the risk of some waterlogging in the future should be assumed. and quizzes, PDF lesson plans, teacher articles and a directory of Questions? • The system depressurises water so it is never subject to aggressive water pressure, • They are designed so that defects in the membrane will not affect the efficacy of the system. To conclude, in our opinion it is safer to assume that water will enter the fabric of a below the building at some time in its existence and it is very difficult to physically stop aggressive groundwater. But while housing demand has dropped substantially, housing supply also dropped in lockstep as potential home sellers pulled out of the market for many of the same reasons buyers are. Redfin reported that 41 percent of offers were subject to a bidding war over the last month, suggesting demand is outpacing supply—just as it was before the pandemic. You know that if you add water to a bucket with a hole in it the water will leak out and its the same with a basement tanking system except that the water will leak in if there is a defect. While 2008 obviously destroyed the housing market, previous recessions have barely moved at all. What does "tanking" mean in the following sentence? A tanking economy means the economy is down and folks are fearing a recession. including advice, tutorials, opinions and lesson plans from various