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Started By
Message
Home prices are now contracting at levels only seen 2 times
Posted on 9/23/23 at 11:16 am
Posted on 9/23/23 at 11:16 am
Both ended in deep recessions
Yes I understand all markets are local but national trends still mean something
Yes I understand all markets are local but national trends still mean something
38
Posted on 9/23/23 at 11:22 am to stout
DFW isn't seeing it.
Posted on 9/23/23 at 11:23 am to stout
I’d like to see the data where it is falling. In ATL prices are still nuts.
Posted on 9/23/23 at 11:24 am to stout
Prices are still up 40% from 5 years ago and interest makes the same prices unaffordable
Posted on 9/23/23 at 11:28 am to stout
This is localized. Prices in Houston are still going higher. It’s crazy what my neighbors continue to get for their homes
Posted on 9/23/23 at 11:47 am to stout
Tell that to my insurance company for my rent houses that this year, in the middle of our agreed upon contract, decided my houses were worth more than a couple of months prior. Therefor I needed more coverage. Therefor I owed them more money in the middle of our contract even tho I paid the year in full. They also went up at the beginning because of reasons. 
Posted on 9/23/23 at 11:47 am to stout
The graph you posted is not home prices.
It shows the rate of change in home prices year over year. Big difference.
It shows the rate of change in home prices year over year. Big difference.
Posted on 9/23/23 at 11:51 am to stout
I mean San Diego just broke 1mil for the average home price
Equity is on pace for 7% growth this year
Equity is on pace for 7% growth this year
Posted on 9/23/23 at 11:54 am to stout
Yes We are headed for deep recession. Credit card debt at all time high, car loans and CC bills delinquencies up, and savings dwindling. Plus student loan payments now due. It ain’t gonna be pretty
Posted on 9/23/23 at 11:56 am to stout
It's hard to draw conclusions because you see how high the graph went from 20-22. That combined with the increase in interest rates from basically nothing to the historical norm and who knows what it all means.
Posted on 9/23/23 at 12:03 pm to stout
There are 4 or 5 new homes near Dutchtown in the $530K range that have been sitting for a while.
Posted on 9/23/23 at 12:06 pm to stout
Biden’s fault
Posted on 9/23/23 at 12:09 pm to stout
I mean a 5-10% drop after going up 20–40% isn’t a huge deal.
Posted on 9/23/23 at 12:12 pm to stout
Yes, but neither of those (1970, 2008) had the 25% spike the year or two prior.
Posted on 9/23/23 at 12:13 pm to stout
MY SIL purchased brand new in Maryville Tenn. for around $300,000 2years ago. She just got her Tax bill and her house is valued at $450,000...
Posted on 9/23/23 at 12:14 pm to stout
I used to work in real estate and all but a few of the dumbasses voted for Biden.
Posted on 9/23/23 at 12:15 pm to stout
Building Back Better right?
You fricking dumbass progressives.
You fricking dumbass progressives.
Posted on 9/23/23 at 1:14 pm to stout
quote:
Home prices are now contracting at levels only seen 2 times. Both ended in deep recessions
Does this mean I'll be able to build a shop at normal prices?
Posted on 9/23/23 at 1:26 pm to stout
Just wait until Biden gets mortgage rates up to 12% - 16% like during the Carter administration.
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