Posted on 12/23/2022 2:20:02 PM PST by Kaiser8408a
Let it snow! Or is it a blizzard?
Redfin released a terrible housing report showing that home sales fell a gut-wrenching 35% in November, the largest on record since Redfin has been collecting data.
Hopefully mortgage rates will continue to decline in 2023!
Meery Christmas from sub-zero Columbus Ohio where it is snowing with 50 mph gusts. Brrrrrr.
(Excerpt) Read more at confoundedinterest.net ...
Build an igloo and do like the Eskimos do!
I got my projection yesterday. It nearly doubled from this time last year.
This is good news, no matter that people will spin it as bad.
The industry went through a artificial bump becasue of covid and democrats, 20% and bigger markups for no real reason other than artifical demans. The market is heading for a big correction.
The MSM will ignore this story - it makes President Sniffer look bad... OR the FBI is paying them off. Either way this story lacks legs.
Greatest economy ever! Notice, this isn’t a government generated report where the Biden Administration can lie. I’m sure the FBI is looking into Redfin at this moment.
It is 50 degrees here in NE Florida. That is freezing weather for us old gizzers.
According to zillow, my home value has dropped over 250 kilobucks since the peak. Gonna have to wait it out, but no plans to move until I retire so it’s ok.
A friend wanted to flip houses in 2005-2006. He was building up credit to purchase multiple homes. He was going to make a killing. “This time is different. It’s nothing but up from here,” he said.
A friend’s acquaintance in 2021 was a newly minted real estate agent. She was working with clients to build up credit and purchase multiple homes. They were going to make a killing. “This time is different. It’s nothing but up from here,” she said.
Well sure. This is what the deep state wants. The destruction of America. They are doing a good job. Obama is happy!
In 2007 I worked at a consulting firm where one employee said "Real estate will never go down" and another would take long lunches to flip houses on the side.
“The market is heading for a big correction.”
I hope so. I have cash for this crash. Then again. Everything costs twice as much as it did 2 years ago
Bidenomics
Seems its just starting, wait till the grocery stores are out of food.
The Country has a nasty Rat infestation
I refuse to buy until house prices come down. A LOT. They went up 66% here in the last two years. That was ridiculous.
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