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Started By
Message
re: US Home Sellers outnumber Buyers by almost 500,000, the largest gap ever recorded
Posted on 5/31/25 at 9:31 am to stout
Posted on 5/31/25 at 9:31 am to stout
quote:
Why does this make you so emotional?
How is me giving sound advice to cash out before an implosion make me emotional
Why does that bother you?
This guy is say8ng its a 2008 repeat. The guy with the data
This post was edited on 5/31/25 at 9:34 am
0
Posted on 5/31/25 at 9:34 am to Stateguy
quote:
Listening to a lot of economics podcasts over the last few years
Said there was a housing shortage and that we needed millions more homes and this was a driver to home prices. Does this new number mean we built those homes or did people just quit looking for homes?
Economists are full of it, that's all. I'm not sure there's any field other than maybe psychics where the predictions made fail to come true except at about a random-guess rate, yet the field keeps on truckin'.
Posted on 5/31/25 at 9:37 am to TigerIron
Well, I also think we’re detached from reality with all the levels of government programs and intervention, pumping money into different things. I think all the government money pumped into stuff prevents what would be normal ebbs and flows in them market.
That’s why I have a hard time believing this board every time they’ve been saying there’s a housing crash on the horizon for like the last eight years.
That’s why I have a hard time believing this board every time they’ve been saying there’s a housing crash on the horizon for like the last eight years.
Posted on 5/31/25 at 10:10 am to hikingfan
Location dependent. The overall picture doesn't mean that is what is happening in your area.
Posted on 5/31/25 at 10:17 am to stout
quote:
Summer sales bump. It happens every year, but looking at the monthly trends, we are still right at or below 2024's pace, which was the slowest year since 1995, and all indicators are that things will slow down even more. A drop in interest rates could reverse that, but the 10-year yield has shown no signs of relenting.
Yeah. That’s why made a point to say my wife’s observation is purely anecdotal.
Posted on 5/31/25 at 10:19 am to GeauxTigers123
quote:
That’s why I have a hard time believing this board every time they’ve been saying there’s a housing crash on the horizon for like the last eight years.
I’m looking forward to the crowing when a “crash” inevitably happens, which still leaves prices significantly higher than they were when the bears said everyone should avoid buying because a crash was imminent
Posted on 5/31/25 at 10:28 am to hikingfan
The housing market is a RICO level racket that has been pumped up for nearly 2 decades by finance bros and every dumb bitch with a RE license. Everyone thinks if they hold a home for 5 years it should be magically worth twice what they paid for it.
An absolute joke.
An absolute joke.
Posted on 5/31/25 at 10:31 am to Joshjrn
as always, the more recent buyers and sellers are the most at risk. That is nothing new
Posted on 5/31/25 at 10:38 am to cgrand
quote:
as always, the more recent buyers and sellers are the most at risk. That is nothing new
Of course. The problem is that, according to the bears, the market is going to crash any day now for the last decade. Anyone who listened to them absolutely fricked themselves. Not dissimilar to the people who liquidated their retirement accounts at the bottom because Obama was going to “crash the US economy”.
If you’re looking to buy and resell in a couple of years, sure, maybe be concerned. If you’re looking to buy and hold for 5+ years, holding off has been a catastrophic decision. Maybe that will change; maybe it won’t. But it’s had a terrible track record.
This post was edited on 5/31/25 at 10:39 am
Posted on 5/31/25 at 10:58 am to Joshjrn
quote:100% true, and it won’t change. Time in the market, any market, is always a risk worth taking because it’s a proven winner
holding off has been a catastrophic decision. Maybe that will change; maybe it won’t.
Posted on 5/31/25 at 11:14 am to stout
Stout, why do you suffer these fools?
Posted on 5/31/25 at 11:44 am to Joshjrn
I just got to a point where it made sense in the last year to buy a house. Just went on a did it even though prices are high were I live.
I have to live my life. I can’t predict the future.
I have to live my life. I can’t predict the future.
Posted on 5/31/25 at 11:53 am to hikingfan
quote:
US Home Sellers outnumber Buyers by almost 500,000, the largest gap ever recorded
Posted on 5/31/25 at 12:01 pm to NC_Tigah
All that inventory yet
quote:
The median listing price for single-family homes in the U.S. reached $470,560 in May 2025, a 2.3% increase year-over-year. The median closed price also rose, climbing 1.9% to $439,149.
Posted on 5/31/25 at 12:08 pm to SDVTiger
We are going to see if sellers will give on price or just say eh and keep paying mortgages
Posted on 5/31/25 at 12:08 pm to hikingfan
How do they track who a buyer is?is it just homes sold versus home still on the market?
ETA: my bad… I thought it was prospective buyers and didn't know how they could possibly be tracking that
ETA: my bad… I thought it was prospective buyers and didn't know how they could possibly be tracking that
This post was edited on 5/31/25 at 12:21 pm
Posted on 5/31/25 at 12:09 pm to FourThinInches
Isn’t it a given there will be four cars in the driveway/front yard bald spot while the garage is jam packed with consumer-grade trash in Rubbermaid bins?
Posted on 5/31/25 at 12:11 pm to HailToTheChiz
All the houses locked in at sub 3% rates are what is keeping the prices afloat.
People aren’t going to lose that rate unless they absolutely have to. I reckon a good number of folks have their houses up and are just fine letting it sit.
People aren’t going to lose that rate unless they absolutely have to. I reckon a good number of folks have their houses up and are just fine letting it sit.
Posted on 5/31/25 at 12:13 pm to SDVTiger
This is an interesting graph Median HH Income : Home Prices
Posted on 5/31/25 at 12:25 pm to Chicken
quote:I think the data comes from Redfin. Number of buyers is likely calculated based on their own data and then extrapolated to the larger market.
How do they track who a buyer is?
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