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Started By
Message
re: U.S. pending home sales have fallen to a new all-time low
Posted on 2/28/25 at 8:35 am to mmmmmbeeer
Posted on 2/28/25 at 8:35 am to mmmmmbeeer
quote:
peaceful contributors to our economy
Perhaps but they are here illegally and are leaches on taxpayers
0
Posted on 2/28/25 at 8:38 am to Salmon
quote:
My house is ready for the market but I just can't bring myself to put it up.
Plus there just isn't much for sale right now either, I assume for the same reasons.
That indicates a SELLERS market. You are the SELLER. Your window is NOW.
quote:
t sucks because we are ready to move. Terrible timing as always.
Terrible thinking. Your timing is NOW.
Posted on 2/28/25 at 8:39 am to stout
quote:
Pour one out for your Realtor friends.
facebook feed will be nice though
Posted on 2/28/25 at 8:39 am to crazyLSUstudent
quote:
Homes are pretty unaffordable for the youths
Kinda the same for us Adults...
Posted on 2/28/25 at 8:40 am to Supermoto Tiger
quote:
That indicates a SELLERS market. You are the SELLER. Your window is NOW.
But he is also a buyer. And this isn't a buyers market.
Posted on 2/28/25 at 8:41 am to Supermoto Tiger
quote:
That indicates a SELLERS market. You are the SELLER. Your window is NOW.
The problem is most sellers are also buyers
Cool you can great price on your house but finding another one and making the math work with double the interest rate is going to be tough
Posted on 2/28/25 at 8:42 am to Supermoto Tiger
quote:
That indicates a SELLERS market. You are the SELLER. Your window is NOW.
I'm also a buyer and there isn't much on the market.
If a house that met our needs came up for sale tomorrow, we would seriously consider it.
But that doesn't seem to be happening right now.
Posted on 2/28/25 at 8:43 am to stout
This is a correction that needs to happen. It’s the only way we can get back to affordability for middle class people.
If you own a home, don’t sell it. Especially if you have a low interest mortgage.
If you own a home, don’t sell it. Especially if you have a low interest mortgage.
Posted on 2/28/25 at 8:44 am to mmmmmbeeer
quote:
people who are peaceful contributors to our economy
You know who else would be peaceful contributors to our economy? Those waiting in line to come here legally.
Posted on 2/28/25 at 8:46 am to stout
Its hard to have sales when inventory is so low. My neighborhood currently has 43 listings. Of the 43 listings, 13 are currently Pending so that leaves 30 properties on the market. Pre covid my neighborhood had around 100-110 listings.
So, you aren't going to have record sales when there is low inventory.
There won't be a glut of listings until the Boomers start dying off en masse.
So, you aren't going to have record sales when there is low inventory.
There won't be a glut of listings until the Boomers start dying off en masse.
Posted on 2/28/25 at 8:46 am to retooc
Prime buying age people aka 25-40
Posted on 2/28/25 at 8:48 am to stout
I can't believe prices in general have stayed where they are.
Some regions are just ridiculous. Here in Spokane- Coeur D'Alene it's insane all over.
1970s fixer uppers - needing kitchen replacements and probably bathroom and utilities upgrades for
$750k+. 5 acres outside the city with a sub 2500 square ft. House for 995k.
Amd it isn't isolated. All over.
Some regions are just ridiculous. Here in Spokane- Coeur D'Alene it's insane all over.
1970s fixer uppers - needing kitchen replacements and probably bathroom and utilities upgrades for
$750k+. 5 acres outside the city with a sub 2500 square ft. House for 995k.
Amd it isn't isolated. All over.
Posted on 2/28/25 at 8:49 am to Freauxzen
quote:
1970s fixer uppers - needing kitchen replacements and probably bathroom and utilities upgrades for
$750k+. 5 acres outside the city with a sub 2500 square ft. House for 995k.
Amd it isn't isolated. All over.
Renting actually makes complete logical sense in a shitton of markets now
Posted on 2/28/25 at 8:52 am to Freauxzen
quote:
I can't believe prices in general have stayed where they are.
I think a lot of it has to do with how low of an interest rate most people have locked in. They're trying to price to clear enough to afford the interest rate bump...but of course, as has been noted, they'd also have to buy into that same "inflated" market. Assuming a correction is coming, best case would be to sell and then rent for a few years hoping that price correction happens.
Posted on 2/28/25 at 8:56 am to stout
Oh no I bet the boomers hate this
If the price of houses drops a millenial might be able to afford one
If the price of houses drops a millenial might be able to afford one
Posted on 2/28/25 at 8:58 am to stout
Home construction today is so terrible. I have cousin and a life-long friend that both do home inspections, some of the better contractors are starting to slip in their quality, not just the DR Hortons of the world. Crazy considering the materials available today are so much better quality than they were 20 years ago.
Posted on 2/28/25 at 8:59 am to stout
quote:
Pour one out for your Realtor friends.
Not unexpected at all. We have been living in fairy tale land far too long.
Posted on 2/28/25 at 9:00 am to stout
Homeowners that refinanced mortgages to 3 percent interest rates aren't going to be selling anytime soon so those houses aren't coming on the market. Pretty simple extrapolation.
Posted on 2/28/25 at 9:01 am to stout
quote:
Right about what? That there will be a market correction? Does the fact that pending home sales are the lowest ever not prove I am correct? Prices will and have started coming down in areas as inventory increases. We just aren't at the point where a lot of people HAVE to sell yet. That may or may not happen en masse but it will happen for some.
Yup. And it’s become a running joke that your real estate posts have said the same thing exclusively for the better part of a decade now.
Posted on 2/28/25 at 9:01 am to stout
not good, when housing prices drop, undesirables start to get crazy financing and start moving in
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