Posted on 08/22/2018 5:43:38 PM PDT by BenLurkin
Home values on Long Island and in NYC have been rising like the Dow. They don’t rise if no one is buying.
Lots are disappearing in my area and homes are being built. But that’s here in Red Tide Paradise.
Chinese have been buying a lot of properties in recent years, perhaps now they are pulling back.
I predict a crash in a few years when I retire.
Their tax laws have encouraged children inheriting their parent's homes to move in or rent them out. Whatever it takes to avoid the huge tax hit imposed by the state.
THAT is what is keeping those houses off of the existing home sales list!
Rates are too damn high
Because N Ga is representative of the rest of the 50 states? Lol! Look at a real estate heat map and get back with me.
They probably HAVE to LEAVE the NE. No jobs being created there.
Portland Press Herald
Maine homes sales, median price rose by over 9% last month
Maine experienced solid gains in both median price and sales volume for existing single-family homes in July.
Maine Listings reported Wednesday that 1,864 homes changed hands – an increase of 9.7 percent from the same period a year earlier – and the median sale price jumped by 9.2 percent to $225,000. The median indicates that half of the homes were sold for more money and half sold for less.
“For-sale inventory is coming onto the market, but statewide we’re seeing 12 percent fewer homes for sale than a year ago,” said Kim Gleason, president of the Maine Association of Realtors and broker/owner of McAllister Real Estate in Hallowell. “Pricing is related to these market forces; home prices continue to rise, which is an advantage for current homeowners looking to build equity, but rising prices can become an obstacle for first-time buyers. In some Maine markets, price gains are outpacing income growth because of consistently low for-sale inventory levels.”
For the three-month period ending July 31, statewide home sales volume increased by 3.7 percent in Maine compared with the same period in 2017.
The median sale price for the three-month period increased by 9.8 percent compared with a year earlier, to $225,000.
. . .
https://www.pressherald.com/2018/08/22/maine-home-sales-up-nearly-10-percent-in-july/
Practically every piece of buildable land in the Tallahassee and Crawfordville, Florida areas have houses being built or new ones for sale. A builder said that he can’t build the same house this month for the same price he built it last month, which says there’s a big demand on materials.
I can picture that owners of existing homes have bumped the prices up because they see the market is up. Higher prices will reduce demand. But, that’s were the market forces come in to play.
On the other hand, God, if you’re watching, please, please, don’t let the economy tank before midterms.
Have 3 friends that decided to sell - 2 were sold within a week of being posted (one on second day) and the 3rd took 2-1/2 weeks. MS Gulf Coast area.
Yes, this is BS.
Several houses in my neighborhood have sold recently, within days of the signs going up. I am constantly getting junk mail from agents wanting to sell my house for me.
I get the opposite. My mail brings a couple of offers every week to BUY my house, AS IS. That means I don’t have to do any repairs, etc. They are all offering well over $100K beyond what I originally paid for the house.
The house was built in ‘85 and I bought it in ‘86. I’m now 76 and can’t maintain the house and yard like I could a few decades ago, so I’m considering selling.
I live just about 4 miles due West of DFW airport in a very nice neighborhood.
I get them too.
I thought I made it CLEAR my perspective was indeed north GA. Perhaps you missed that.
Your first sentence was “calling BS on this” which means you were calling BS on the entire article which deals with the entire country because of your local perspective. I didn’t miss anything. You didn’t think the article, about the country was true because of your local bias. I was spot on.
inference is not implication.
you are free to reach your own conclusion.
Since I penned the remark, I can explicitly tell you, my perspective is north Ga.
let it go.
Calling BS as well. Houses in my hood usually go the first month. Prices are high. I bought low 5 years ago. I am very happy!
In one breath they say the roaring economy is oBunghole’s doing! And in another breath they are saying the economy is in the tank because or President Trump! LOL
Typical lieberal hypocrites.
You can still buy houses cheap in central Florida.
My Dad and Stepmom bought a house near The Villages, Florida, for $300,000, in 2007.
They had it on the market, starting November 2017, at $199,000, and didn’t sell it until June 2018 for $165,000.
Housing never really recovered in central Florida, as people would rather be on the coast, elsewhere, and/or not in a 55-and-up community.
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