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Message
re: Home prices are dropping...still nobody buying.
Posted on 3/31/25 at 2:47 pm to sidewalkside
Posted on 3/31/25 at 2:47 pm to sidewalkside
quote:
Boat prices are dropping too...nobody buying.
I'm not aware of a drop in new boat prices, as labor and materials have all seen steady increases for the past few years. The used boat market remains slow since this past fall.
0
Posted on 3/31/25 at 2:48 pm to RLDSC FAN
quote:
I've been told tariffs are going to supercharge our economy.
How many have been implemented so far?
Posted on 3/31/25 at 2:48 pm to sidewalkside
There are no jobs, no body is hiring, and pay is not rising to pay for outrageous homes.
Posted on 3/31/25 at 2:51 pm to sidewalkside
A recession is we are LUCKY.
Posted on 3/31/25 at 3:00 pm to Warfox
We've been in this recession for years. Now they're just willing to admit it so they can say it's Trump.
Posted on 3/31/25 at 3:00 pm to sidewalkside
BE-CAUSE real estate is tied to business is tied to confidence in the future and STABILITY.
The President has done nothing to stabilize anything. Worse than that, Trump has been antagonistic and his words and policies necessarily belligerent in many directions.
Then there's his do-nothing AG and FBI director sitting back and neither investigating nor prosecuting the growing number of fearless anarchists who again like back in 2020 are given a free reign to assault citizens while vandalizing and destroying property like TESLAs.)
ALL markets do not like what they see.
The President has done nothing to stabilize anything. Worse than that, Trump has been antagonistic and his words and policies necessarily belligerent in many directions.
Then there's his do-nothing AG and FBI director sitting back and neither investigating nor prosecuting the growing number of fearless anarchists who again like back in 2020 are given a free reign to assault citizens while vandalizing and destroying property like TESLAs.)
ALL markets do not like what they see.
Posted on 3/31/25 at 3:01 pm to Warfox
Housing market is dead in mobile, yet one of fasting growing economies in the state. I am taking mine off market today
Posted on 3/31/25 at 3:02 pm to sidewalkside
Recession has been here. Fed should have interest rates at 9%. But have to suck Wallstreet dick.
Posted on 3/31/25 at 3:04 pm to teke184
quote:
People who aren’t under pressure to buy are waiting for prices or interest to go down.
We're in this group. Love where we're renting so no issues renewing and continuing to save/wait until the right deal comes along. Market not exactly dropping here though...prices up 17% vs Feb 2024 with more homes sold vs Feb 2024
Posted on 3/31/25 at 3:07 pm to Cosmo
Yea insurance is out of control. We really need to fix that system. They should be teaching kids in high school how to change an outlet, unscrew a P-trap, change out compression fitting valve, replace a shingle. This stuff is not complicated, but people act like it is magic which inflates the cost of all this work.
Posted on 3/31/25 at 3:07 pm to RLDSC FAN
quote:
I've been told tariffs are going to supercharge our economy.
I have mixed feelings on this. It isn't fair that our manufacturing has to compete with other countries that have no regulations and zero compulsions with literally working their citizens to death. It's also easy to see when we started outsourcing our manufacturing, we also took part of what makes America away. That being said, I'm not sure it's going to supercharge the economy.
Posted on 3/31/25 at 3:08 pm to lsubatman1
Posted on 3/31/25 at 3:12 pm to Jcorye1
quote:
It's also easy to see when we started outsourcing our manufacturing, we also took part of what makes America away. That being said, I'm not sure it's going to supercharge the economy.
It's certainly not going to do it in two months.
Also, I have no problem with leveling the playing field a bit in this area.
Posted on 3/31/25 at 3:19 pm to deeprig9
quote:
In the long term, that's true, theoretically.
If only there was a time in history when we tried this, and we knew the exact outcome... hmm, guess we will never know.
Posted on 3/31/25 at 3:19 pm to sidewalkside
A neighbor is a real estate agent. Per him as of last week, 2024 sucked badly but he's making sales since Trump is in office. Baton Rouge
Posted on 3/31/25 at 3:19 pm to sidewalkside
quote:
Auto's getting more aggressive with incentives but don't seem to want to drop MSRP....still nobody buying.
Not exactly. Auto incentives are more aggressive YoY, but seem to have flatlined YTD. Also, new auto sales are still strong in a majority of the categories but strangely the 6-figure range is seeing the most strength. LINK
Meanwhile, consumer credit card delinquency rates for 30 and 90 days past due have been on a steady rise since 2022. LINK
quote:
Anybody want to bet the recession is upon us as we speak?
It's been on deck ever since the yield curve inverted. It's been in the box since around the end of Feb/beginning of March (it uninverted back in September and we usually get a recession within 6-12 months after the uninversion).
Posted on 3/31/25 at 3:22 pm to Bard
Saw someone list their very basic 3 bedroom 1400 sq ft home for $200k today.
Posted on 3/31/25 at 3:24 pm to sidewalkside
Go back to your handlers…
Posted on 3/31/25 at 3:25 pm to sidewalkside
There is a new $590,000 4 BR behind me that's been sitting for a year and a half.
It now has a sheriff's sale sign on the door. I really feel badly for the builder.
It now has a sheriff's sale sign on the door. I really feel badly for the builder.
Posted on 3/31/25 at 3:33 pm to F1y0n7h3W4LL
quote:
There is a new $590,000 4 BR behind me that's been sitting for a year and a half.
It now has a sheriff's sale sign on the door. I really feel badly for the builder.
I have a feeling we're going to see more of those. Maybe not that price, but definitely more auctions as multiple factors come into play (rates remaining high, HUD cracking down on home loans to illegals, job growth continues to drop, etc).
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