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Posted by
Message
Home prices are now contracting at levels only seen 2 times
Posted by stout
on 9/23/23 at 11:16 am
60
28Both 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
re: Home prices are now contracting at levels only seen 2 timesPosted by LSU Coyote on 9/23/23 at 11:19 am to stout
And I'm trying to sell now .. 
I hate you Biden.
I hate you Biden.
re: Home prices are now contracting at levels only seen 2 timesPosted by GreenRockTiger 
on 9/23/23 at 11:21 am to LSU Coyote
on 9/23/23 at 11:21 am to LSU Coyotequote:
And I'm trying to sell now ..
re: Home prices are now contracting at levels only seen 2 timesPosted by tween the hedges 
on 9/23/23 at 11:24 am to stout
on 9/23/23 at 11:24 am to stoutPrices are still up 40% from 5 years ago and interest makes the same prices unaffordable
re: Home prices are now contracting at levels only seen 2 timesPosted by SteelerBravesDawg 
on 9/23/23 at 11:25 am to Boss
on 9/23/23 at 11:25 am to Bossquote:
In ATL prices are still nuts
They've leveled off a little but they are still high.
quote:
ah so big cities still have ridiculous prices while everywhere else is contracting
I don't keep up with prices to know if it's been contracting in the last few months, but the fact that the cheapest existing abode I found on Zillow was a shitty old trailer for like $430k means that somethings gotta give.
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re: Home prices are now contracting at levels only seen 2 timesPosted by Stealth Matrix 
on 9/23/23 at 11:36 am to Boss
on 9/23/23 at 11:36 am to BossYour family will be sold into debt bondage and you will be happy.
re: Home prices are now contracting at levels only seen 2 timesPosted by wadewilson 
on 9/23/23 at 11:41 am to tween the hedges
on 9/23/23 at 11:41 am to tween the hedgesquote:
Prices are still up 40% from 5 years ago and interest makes the same prices unaffordable
Yep. Gonna have to fall more.
re: Home prices are now contracting at levels only seen 2 timesPosted by MyRockstarComplex on 9/23/23 at 11:43 am to Boss
quote:
I’d like to see the data where it is falling. In ATL prices are still nuts.
This market is an exception. I bought in May and am bracing for pain.
I am to understand 2008 was a bloodbath here since the area is flooded with middle managers living above their means.
This post was edited on 9/23 at 11:46 am
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. 
re: Home prices are now contracting at levels only seen 2 timesPosted by LSURussian on 9/23/23 at 11:47 am to stout
on 9/23/23 at 11:47 am to stoutThe 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.
quote:
found on Zillow was a shitty old trailer for like $430k means that somethings gotta give.
shite here where I'm at in gulf coast of MS, some dude around the corner tried to sell his house for 450K a couple months back.
He's had to drop the price a bunch of times and still cant sell.
I bought my 3K square ft house on 3.5 acres for 310K in early 2022. that house hes in sold a few weeks before ours for like 280ish. He has less acreage and sq footage than mine.
shite is a joke.
re: Home prices are now contracting at levels only seen 2 timesPosted by stout on 9/23/23 at 11:50 am to LSURussian
on 9/23/23 at 11:50 am to LSURussianquote:
It shows the rate of change in home prices year over year. Big difference.
I know what it shows. It shows the rate/level of contraction.
My thread title...
quote:
Home prices are now contracting at levels only seen 2 times
I never said the graph showed actual prices.
re: Home prices are now contracting at levels only seen 2 timesPosted by ellesssuuu 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
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