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re: Year Over Year Home Sales Down Over 11%
Posted on 10/20/26 at 9:43 am to DeBoar
Posted on 10/20/26 at 9:43 am to DeBoar
quote:
t’s only fair since the last debate we had about this you said people weren’t paying the rate but paying above it to skert around what the rate actually was.
Wut?
I really feel sorry for you and hope you are actually a bot/troll. The amount of Fake News and outright lies you post on here is off the charts like the lie I just caught you in.
Posted on 10/20/26 at 9:45 am to ronricks
The Fed's sole lever to fight inflation has a lot of side effects. For example, raising interest rates depresses building new homes which tends impact the supply side of housing affordability.
quote:
Around 15.8% of U.S. GDP in Q2 2026 (the most recent detailed figures available), based on Bureau of Economic Analysis (BEA) data as analyzed by the National Association of Home Builders (NAHB).
eyeonhousing.org
This figure combines two main components of how housing enters GDP (expenditure approach):Residential fixed investment (RFI) — new single-family and multifamily construction, remodeling/improvements, manufactured homes, and brokers’ fees: 3.7% of GDP (about $1.2 trillion at a seasonally adjusted annual rate).
Housing services — actual rents paid by tenants + owners’ equivalent (imputed) rent for owner-occupied homes + household utilities: 12.1% of GDP (about $3.9 trillion SAAR).
eyeonhousing.org
Posted on 10/20/26 at 9:45 am to ronricks
The stubbornness of sellers is also a major factor. They think their house is worth more than it is, and they don't really have to sell right away so they decide to wait it out. But they will not win. Eventually prices will come down.
The problem is that not everyone has the luxury of waiting. Let's say that in a neighborhood of nice homes, multiple homes are for sale. But you have 2 sellers who really have to sell due to relocation, divorce or whatever. The pressure will eventually get to them, and they will take a lowball offer. Those sales now become the comps. Then later another one drops. And another. The new price points get baked in before the sellers even realize it.
The problem is that not everyone has the luxury of waiting. Let's say that in a neighborhood of nice homes, multiple homes are for sale. But you have 2 sellers who really have to sell due to relocation, divorce or whatever. The pressure will eventually get to them, and they will take a lowball offer. Those sales now become the comps. Then later another one drops. And another. The new price points get baked in before the sellers even realize it.
Posted on 10/20/26 at 9:45 am to atlgamecockman
quote:
People not willing to lower prices to sell because hurr durr price always go up.
It's interesting that we accept the prices of the vast majority of consumer goods never come down while ridiculing average Americans who expect the same "rule" to apply to their houses.
Posted on 10/20/26 at 9:46 am to ronricks
Lies are part of the Trump Defense Squadron programming.
Deflection technique.
Deflection technique.
Posted on 10/20/26 at 9:48 am to GreatLakesTiger24
When you goto any major lib city reddit board airbnb is a hot topic. Along with “trans or lgbt friendly doctor recommendations”
Posted on 10/20/26 at 9:51 am to DeBoar
quote:
Rates today are 7.25%. Most sellers I’ve seen are offering cash incentives to buy rates down. It’s also fall when home sales decline. Also rates are cheaper today than a year ago when sales were up so what does that say exactly about the premise?
Do you have statistics to confirm?
Posted on 10/20/26 at 10:01 am to ronricks
quote:
A home is only worth what someone is willing to pay for it sellers are learning a brutal lesson right now.
Saw an interesting video last week, agent told the seller her price was too high and got the “I know what I’ve got” response.
Then the agent asked what she would rent the house for, seller said $2,000. But the price to buy would be about $3,500 a month. She asked why would you expect someone to buy your house for $3,500 a month if you think you could only get $2,000 to rent it. Seller finally understood and lowered the price.
Need more sellers to realize this.
Posted on 10/20/26 at 10:09 am to ronricks
quote:
Like many real estate agents you will be turning in the keys for your leased car soon because you can't afford it.
Its amazing you think Agents are doing bad
There has always been the bottom of the barrell ppl like yourself that need to leave the industry. Same as Mortgage.
The top are absolutely destroying it
Posted on 10/20/26 at 10:15 am to ronricks
Yes all agents are going broke and no home sales havent happened this year
You really are the dumbest poster alive
You really are the dumbest poster alive
This post was edited on 10/20/26 at 10:16 am
Posted on 10/20/26 at 10:18 am to imjustafatkid
quote:
Good. Now housing prices will fall and all these losers can stop complaining about houses being unaffordable.
These assholes will whine about "affordability" one week and then whine about falling housing prices the next.
Posted on 10/20/26 at 10:19 am to ronricks
People are so stupid. You buy a home on your monthly payment. When interest goes up, prices come down, and if you are buying, you break even, until interest rates drop again and the price goes up and you make a killing in equity. The cowards out there don’t deserve freedom
Posted on 10/20/26 at 10:19 am to ronricks
What about trailer sales? How many for sale signs in your park?
Posted on 10/20/26 at 10:24 am to atlgamecockman
quote:
People not willing to lower prices to sell because hurr durr price always go up.
Are prices going down?
Everything else costs more, but not a house.
Genius.
Posted on 10/20/26 at 10:26 am to ronricks
Looking at local numbers, there’s an inordinate number of properties lingering on the market in downtown / French qtr nola.
I suspect some of this has to do with the short term rental rules.
Nationwide, There’s another dynamic in play in condo sales with the cost of HOA’s escalating which is causing an affordability issue.
I suspect some of this has to do with the short term rental rules.
Nationwide, There’s another dynamic in play in condo sales with the cost of HOA’s escalating which is causing an affordability issue.
Posted on 10/20/26 at 10:27 am to TDTOM
Here is purchase volume since 2020
Ronsuxdix is as stupid as Olick

Ronsuxdix is as stupid as Olick
quote:
YearAmount
2020 $1.48T
2021 $1.61T
2022 $1.65T
2023 $1.32T
2024 $1.31T
2025 $1.36T
2026 $1.46T
Posted on 10/20/26 at 10:28 am to SDVTiger
….. and the 10- year falling, so……
Posted on 10/20/26 at 10:28 am to ronricks
We really need to make mortgages assumable.
Posted on 10/20/26 at 10:29 am to TDTOM
quote:
What about trailer sales? How many for sale signs in your park?
I had to look this up - the average standard model single wide trailer is around 1,000 square feet so it would be larger than SDVCuck's 800 sqft cuckbox condo he lives in

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