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Started By
Message
Real estate groups urged the Fed to stop rate hikes.
Posted on 10/13/23 at 8:12 pm
Posted on 10/13/23 at 8:12 pm
ABC
They sure weren’t complaining over the last 6 years when the fed was keeping the rates artificially low.
quote:
Major housing industry groups voiced "profound concern" in a letter this week urging the Federal Reserve to stop raising interest rates.
quote:
The letter arrives roughly three weeks before the Fed plans to make its latest rate-hike decision. Mortgage rates have reached their highest level in more than two decades and they have continued to rise. Data released on Thursday showed that mortgage rates increased for the fifth consecutive week, according to Freddie Mac.
"The speed and magnitude of these [mortgage] rate increases, and resulting dislocation in our industry, is painful and unprecedented," the letter from the housing groups said.
They sure weren’t complaining over the last 6 years when the fed was keeping the rates artificially low.
18
Posted on 10/13/23 at 8:13 pm to Bayou_Tiger_225
Real state is the single most advantaged industry by the federal tax code - and it's not even close. It's utterly preposterous that they're asking for more.
Posted on 10/13/23 at 8:22 pm to Bayou_Tiger_225
The amount of closings this week in south Louisiana was by far the lowest in the 20 years I’ve monitored such things. This week is literally a 21st century low. And it’s been bad for a year.
Posted on 10/13/23 at 8:27 pm to Bayou_Tiger_225
Everyone is pot stuck
Posted on 10/13/23 at 8:31 pm to Bayou_Tiger_225
Please stop hiking rates so those agents can keep cashing their checks and digging into people's equity!
Won't you all just think of the middle-aged women with no other skills!
Won't you all just think of the middle-aged women with no other skills!
Posted on 10/13/23 at 8:32 pm to Bayou_Tiger_225
Wait a minute, so you are saying that houses aren’t being sold very much anymore?
No way!!!!!
So like, if the interest rates go super high and the houses are outrageously priced that it’s a bad thing?
No!!!!!!!! I would have never ever guessed that.
And to think, all these dip shites that rushed out to buy houses cause the realtors were blabbering on about how hot the market was.
No way!!!!!
So like, if the interest rates go super high and the houses are outrageously priced that it’s a bad thing?
No!!!!!!!! I would have never ever guessed that.
And to think, all these dip shites that rushed out to buy houses cause the realtors were blabbering on about how hot the market was.
Posted on 10/13/23 at 8:39 pm to Bayou_Tiger_225
Did they write letters in the late 1970s and early 1980s?
If not, stfu.
If not, stfu.
Posted on 10/13/23 at 8:53 pm to Bayou_Tiger_225
(no message)
This post was edited on 10/21/23 at 11:13 am
Posted on 10/13/23 at 9:05 pm to Bayou_Tiger_225
NARS lawsuit is interesting
No more Buyer agent commish on the line
No more Buyer agent commish on the line
Posted on 10/13/23 at 9:12 pm to Bayou_Tiger_225
Largest lobbyist group in the US wants favors. Shocking.
Posted on 10/13/23 at 9:25 pm to Bayou_Tiger_225
This doesn't seem to jibe with the news from Krugman the other day that Biden has beaten inflation.
Posted on 10/13/23 at 9:36 pm to Bayou_Tiger_225
Let’s be honest, we’re all fricked anyway. Rates stay outrageous and people won’t be able to afford houses. Rates drop a bit and so many people jump into a low inventory market that the price increases will make your eyes cross. We’re fricked.
Posted on 10/13/23 at 9:50 pm to Bayou_Tiger_225
frick em all!
Posted on 10/13/23 at 10:21 pm to Bayou_Tiger_225
It’s slowed down probably about 20% here but still humming surprisingly.
2019-2022 was insane.
2019-2022 was insane.
Posted on 10/13/23 at 10:41 pm to Bayou_Tiger_225
This purge is harsh, but was absolutely needed.
Also this was coming. They should have been stocking the cupboards over the past few years
Also this was coming. They should have been stocking the cupboards over the past few years
Posted on 10/14/23 at 7:12 am to Bayou_Tiger_225
Jerome Powell is committed to rate hikes because he has been so successful combatting inflation. He’ll keep raising the rate until it works.
Posted on 10/14/23 at 9:21 am to Bayou_Tiger_225
(no message)
Posted on 10/14/23 at 10:34 am to Bayou_Tiger_225
Realtors are the used car salesmen of the 21st century.
Posted on 10/14/23 at 11:54 am to Bayou_Tiger_225
You mean those agents that have been absolutely stacking cash for the past couple of years with insane housing prices?
Nah, they can adjust like the rest of us.
Nah, they can adjust like the rest of us.
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