Results 22,451 to 22,475 of 26794
Thread: Real Estate Crash thread
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07-17-2022, 05:27 PM #22451
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07-17-2022, 06:53 PM #22452
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07-17-2022, 07:11 PM #22453
Looks like there is space for a few more.
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07-17-2022, 08:30 PM #22454man of ice
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07-17-2022, 08:39 PM #22455
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07-18-2022, 12:06 AM #22456Registered User
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07-18-2022, 12:47 AM #22457
Or the kids don't want it.
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07-18-2022, 08:56 AM #22458
Wonder what happened to 170 years of stuff?
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07-18-2022, 10:05 AM #22459
This ad copy is kind of sickening. Interesting marketing ploy, but Latham might be a little late.
https://www.businessinsider.com/35-m...listing-2022-7Forum Cross Pollinator, gratuitously strident
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07-18-2022, 10:30 AM #22460
“Co-primary properties” is what they call tax shelter domiciles someone pretends you live at now?
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07-18-2022, 10:49 AM #22461
Instead of “90 Day Wonders”, they are “181 Day Community Leaders”
Forum Cross Pollinator, gratuitously strident
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07-18-2022, 11:14 AM #22462
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07-18-2022, 01:45 PM #22463
NIMBY!
https://www.yahoo.com/news/thousands...120042502.html
Bill Taormina had 17 minutes to convince the crowd in the auditorium of Boyle Heights Resurrection School to back his plan to turn their shuttered neighborhood Sears into a giant homeless services hub.
The “Los Angeles Life Rebuilding Center” that Taormina wants to build would house up to 10,000 homeless people and provide medical and mental health services, job training, immigration help and drug abuse diversion programs. But in Boyle Heights, he was greeted with a sea of homemade poster board signs saying “No Sears Detention Center" and "Respect Our Community." Dozens of speakers criticized his plan at the meeting June 27, calling it “a crime against humanity,” “irresponsible” and “a threat to the area’s children.” Shouts of “Take that to Beverly Hills!” were volleyed about.
"We don't beat the reaper by living longer, we beat the reaper by living well and living fully." - Randy Pausch
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07-18-2022, 04:09 PM #22464Registered User
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07-19-2022, 07:38 PM #22465
The number of home sales in California in June dropped a staggering 21% year-over-year, a report from the California Association of Realtors revealed this week.
Outside of the early pandemic downturn in 2020, that plunge is the biggest since 2008, during the nadir of the Great Recession.
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07-19-2022, 08:21 PM #22466
So 4 homes for sale now instead of 5?
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07-20-2022, 10:25 AM #22467
Number of homes sold in the US were down 5% YoY in June, but median sale price set a new record high of $416k.
Sales are slowing, inventory is rising but buyers are still paying record prices every month while interest rates rise. YoY median mortgage payment for sold home is up 44%. It kinda boggles the mind.
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07-20-2022, 10:33 AM #22468
Real Estate Crash thread
June median sale price reflects purchase contracts signed from April and May.
Nationwide inventory up to three months.
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07-20-2022, 10:40 AM #22469Registered User
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07-20-2022, 10:58 AM #22470
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07-20-2022, 11:54 AM #22471
The thing is, 2021 was bonkers. Like off the charts, record setting craziness. Sales in Crested Butte/ Gunnison were down 50% YoY in June- but 2022 sales were almost identical to pre-pandemic June #'s. 2019 was a good, solid seller's market. 2022 was the same, just with a lot higher prices.
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07-20-2022, 12:21 PM #22472
Not what the chart says.
https://twitter.com/LanceRoberts/sta...KHOCqr6uVfkybw
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07-20-2022, 12:34 PM #22473
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07-20-2022, 04:45 PM #22474
July/Aug sold data will finally give us a better picture of what actually happened with contracts in May/June. So far our sale prices are still up, some inventory improvement but it's still meager. DOM obviously way up, but mostly on stuff that hasn't been price corrected yet. Properties priced right are still getting multiple offers and moving pretty quick. Something's gotta give. Everyone is in a staring match right now. Big investors down to qualified first time home buyers are all just sitting on their hands at the moment.
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07-21-2022, 10:56 AM #22475
didnt the jobs report last week showed that construction added very few new jobs, so i doubt to expect inventory problems to be solved anytime soon.
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