Member
Posted 01 August 2018 - 01:12 PM
Inventory is extremely high all of a sudden in my area and few are buying. It wasn't this way in the first qtr.
I think interest rates have finally priced people out of the market. This is a bad sign, the worst I've seen for a seller's
market in years.
Member
Posted 01 August 2018 - 01:45 PM
Housing stocks:
Short the banks. We're in 2007, heading to 2008. DeJa vu all over again.
"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx (on market history?).
“I've learned in options trading simple is best and the obvious is often the most elusive to recognize.”
"The god of trading rewards persistence, experience and discipline, and absolutely nothing else."
Member
Posted 01 August 2018 - 03:05 PM
Inventory is extremely high all of a sudden in my area and few are buying. It wasn't this way in the first qtr.
I think interest rates have finally priced people out of the market. This is a bad sign, the worst I've seen for a seller's
market in years.
It depends on what your area is. If it's a booming market like San Fran or Denver, then it could be meaningful. If it's Herpes, Montana... not so meaningful. 
Member
Posted 01 August 2018 - 03:13 PM
Inventory is extremely high all of a sudden in my area and few are buying. It wasn't this way in the first qtr.
I think interest rates have finally priced people out of the market. This is a bad sign, the worst I've seen for a seller's
market in years.
It depends on what your area is. If it's a booming market like San Fran or Denver, then it could be meaningful. If it's Herpes, Montana... not so meaningful.
True, but the big markets go last. I think the mortgage rates have done too much damage. PMI is for the life of the loan now also, on FHA.
Member
Posted 01 August 2018 - 04:28 PM
There has been quite a supply of new homes that have been put on the market, and these have been priced high and sold, as many new home buyers and second home buyers are not interested in existing homes.. An increase in loan rates do price a lot of new home buyers out of the market...
Never fear if you can't afford a new single family home, you can buy a condo for 70% the value of a single family home so we can get you into your home ( i.e. condo ).
Yes there are many homes up for sale.. Outside of rates, Taxes are going up, and rent going down in many areas, this puts more homes on the market since homeowners of rental property are not making money, they sell...
In my area it is not bad... Texas does not have a excess number of homes for sale... College Station however, has been way overbuilt, but Austin although not as tight home values are still increasing...
Member
Posted 01 August 2018 - 04:32 PM
If it's Herpes, Montana... not so meaningful.
I just read today that housing, and pretty much everything else, is spreading all through Herpes although it may not be as Simplex as you might think it is.
Fib
Better to ignore me than abhor me.
“Wise men don't need advice. Fools won't take it” - Benjamin Franklin
"Beware of false knowledge; it is more dangerous than ignorance" - George Bernard Shaw
Demagogue: A leader who makes use of popular prejudices, false claims and promises in order to gain power.
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TRIN_Rida
Posted 01 August 2018 - 05:14 PM
If it's Herpes, Montana... not so meaningful.
I just read today that housing, and pretty much everything else, is spreading all through Herpes although it may not be as Simplex as you might think it is.
Fib
+1 That's how my old law prof used to teach us how to remember "per stirpes". Stirpes, rhymes with herpes.
Volume Dynamics Specialist
Posted 01 August 2018 - 05:15 PM
So it could be worse...
Congo announces 4 new Ebola cases
What we need is a little blast from the past... October 2014
Ebola "End of the World" Crash...
SPX 1800s....
That sounds about right...
Edited by SemiBizz, 01 August 2018 - 05:17 PM.
Member
Posted 01 August 2018 - 07:09 PM
yogi berra -
nobody comes to the games anymore - its too crowded
Member
Posted 01 August 2018 - 08:44 PM
There has been quite a supply of new homes that have been put on the market, and these have been priced high and sold, as many new home buyers and second home buyers are not interested in existing homes.. An increase in loan rates do price a lot of new home buyers out of the market...
Never fear if you can't afford a new single family home, you can buy a condo for 70% the value of a single family home so we can get you into your home ( i.e. condo ).
Yes there are many homes up for sale.. Outside of rates, Taxes are going up, and rent going down in many areas, this puts more homes on the market since homeowners of rental property are not making money, they sell...
In my area it is not bad... Texas does not have a excess number of homes for sale... College Station however, has been way overbuilt, but Austin although not as tight home values are still increasing.
You're right about new/existing home sales, it's the same here, new construction a lot, but the existing homes are just sitting there
unless it's in the city. But it's not like the new houses are ready for sale, mostly new developments that take awhile to complete.
