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re: Home sales fall in May, prices still rising

Posted on 6/24/24 at 3:35 pm to
Posted by SingleMalt1973
Member since Feb 2022
24276 posts
Posted on 6/24/24 at 3:35 pm to
Posted by llfshoals
Member since Nov 2010
20913 posts
Posted on 6/24/24 at 3:42 pm to
I checked our MLS this morning. Sales up 7.1% for the year over 2023.

May 1st to present, down 11.1%.

West Alabama MLS, Tuscaloosa area is pretty strong for home sales with the University, Mercedes and Nucor all expanding.
Posted by DarthRebel
Tier Five is Alive
Member since Feb 2013
25791 posts
Posted on 6/24/24 at 4:14 pm to
quote:

Almost July of 2024 and there are still people saying "wait 6 more months and the housing market will crash!!!!!"


Well that is better than wondering what another man's penis size is

Posted by ItNeverRains
Offugeaux
Member since Oct 2007
28166 posts
Posted on 6/24/24 at 4:23 pm to
A Democrat from California proposed raising cap gains to 500k/1M to entice sellers to move and free up inventory. You’d have to think this would certainly be attractive to many and increase inventory.
Posted by Chucktown_Badger
The banks of the Ashley River
Member since May 2013
36960 posts
Posted on 6/24/24 at 4:29 pm to
quote:

Home sales "fell", ya stupid fricks because inventory is down


Inventory has been trending up since March 2022. You wanna take back the insult?

LINK
Posted by Chucktown_Badger
The banks of the Ashley River
Member since May 2013
36960 posts
Posted on 6/24/24 at 4:31 pm to
quote:

Big groups like Blackrock have been buying up houses nationwide for multiple years now.


No, they haven't.

quote:

Bottom Line: BlackRock is an active investor in the U.S. real estate market, but we are not among the institutional investors buying single-family homes.
Posted by ronricks
Member since Mar 2021
12075 posts
Posted on 6/24/24 at 4:35 pm to
I’m not ‘wondering’. There’s no doubt Bill is packing at least a 10 incher with the women he’s pulling. You probably don’t know what that is like.
Posted by DarthRebel
Tier Five is Alive
Member since Feb 2013
25791 posts
Posted on 6/24/24 at 5:33 pm to
quote:

You probably don’t know what that is like.


I do not. If I was packing 10", I would not be hanging out on the OT
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
97855 posts
Posted on 6/24/24 at 5:36 pm to
quote:

You probably don’t know what that is like.


You also have no idea what thats like
Posted by scottydoesntknow
Member since Nov 2023
10870 posts
Posted on 6/24/24 at 5:39 pm to
It makes perfect sense. People have locked in 3% mortgages. They dont want to sell their home because even though they made money selling their house, the house they want to buy is also high priced and youll be paying more than double the interest rate. Until people start getting desperate, it will stay like this.
Posted by SPEEDY
2005 Tiger Smack Poster of the Year
Member since Dec 2003
88172 posts
Posted on 6/24/24 at 5:48 pm to
quote:

It's also up 51% from five years ago.


Posted by Nico Tuscani
Member since Apr 2024
105 posts
Posted on 6/24/24 at 5:49 pm to
Yeah that's why
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