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re: Pending home sales fall to the lowest level in 26 years
Posted on 10/22/26 at 10:28 pm to urinetrouble
Posted on 10/22/26 at 10:28 pm to urinetrouble
quote:
High rates are keeping both buyers and sellers on the sidelines
No its not
And homes are on pace for 2% appreciation this year
quote:
The annual U.S. single-family home purchase-only mortgage origination volumes in trillions of dollars are listed below:
2020: $1.54 Trillion
2021: $1.70 Trillion (All-time record high)
2022: $1.59 Trillion
2023: $1.31 Trillion (Cyclical bottom)
2024: $1.35 Trillion
2025: $1.36 Trillion
2026 (Projected): $1.46 Trillion
Posted on 10/23/26 at 12:06 am to stout
If the stock market sees a 15% correction, the money squeeze will get real and the housing market will get worse.
Posted on 10/23/26 at 6:09 am to Jon Ham
quote:The word you're looking for is persisted.
Moderately high inflation has pestered though, and because it has pestered, people expect it to continue to pester with no end in sight which supports further inflation.
Posted on 10/23/26 at 6:11 am to StansberryRules
quote:This is precisely where I'm at. I could sell and downsize because I have way more house than I need now that I live solo, but it makes zero sense when I'd be paying a lot more on a mortgage payment for significantly less house by selling what I have.
I'm not looking to move thank god but if I were there's no way I'd ever be able to financially swing going from a 3% rate to a 7.5% rate. That alone would keep me in my current house no matter what.
Posted on 10/23/26 at 6:15 am to GeauxOn
Your reply is spot on and I’m in the same boat. Bought in march of 23 with a high interest rate. Not looking to sell at the moment but I was hoping the interest rate would go down so I could refinance. Oh well, just going to continue being patient.
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