BREAKING: 16.2% of total pending home sales in December fell out of contract, the highest December rate on record.
— The Kobeissi Letter (@KobeissiLetter) February 1, 2025
This also marks the third-largest percentage since data began in 2017.
Nominally, a whopping ~40,000 home-purchase agreements were canceled last month.
Home… pic.twitter.com/uc1hjHaa5L
Why can't young people afford houses?
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Last: 5 days ago by historian
A new paper shows how mortgages were a key factor behind the Baby Boom.
— More Births (@MoreBirths) February 11, 2025
"America was transformed from a nation of urban renters to suburban homeowners. The FHA mortgage was a key to this transformation"
Mortgages let people become homeowners when they are young, which is crucial. https://t.co/bJHk7Naw7c pic.twitter.com/9WKvXmNGuM
I'm not sure how relevant this is, but here is an article on the Leftists and their war in suburbia:
https://thefederalist.com/2025/02/10/new-urbanists-want-to-bulldoze-the-suburban-american-dream/
https://thefederalist.com/2025/02/10/new-urbanists-want-to-bulldoze-the-suburban-american-dream/
Possibly the most shocking housing stat I’ve seen recently:
— Amy Nixon (@texasrunnerDFW) February 11, 2025
The median age of a renter in the United States was 42 years old as of 2024, up from 33 years old, just THREE YEARS PRIOR
(Source: Zillow)
Guess there is still a market out there
Construction to start this year on 1,800 home community in Collin County https://t.co/KRSVr8ECt3
— Dallas Morning News (@dallasnews) February 15, 2025
its a mixed bag.. lots of builds but houses sales inventory has increasd. My friends house was calued at 970k by dallas county apprasial district but it wouldnt sell for that.. he took the highest offer he got in the last 6 months and closed/sold at 760kboognish_bear said:
Guess there is still a market out thereConstruction to start this year on 1,800 home community in Collin County https://t.co/KRSVr8ECt3
— Dallas Morning News (@dallasnews) February 15, 2025
He bought for 540k so he did ok
“The Internet is just a world passing around notes in a classroom.”
Jon Stewart
Jon Stewart
Auckland went all in on YIMBY, and the results are clear: 43,500 new homes permitted, and rents down 28% relative to peers. pic.twitter.com/9KQldCHadw
— M. Nolan Gray 🥑 (@mnolangray) February 15, 2025
Auckland is really nice.Redbrickbear said:Auckland went all in on YIMBY, and the results are clear: 43,500 new homes permitted, and rents down 28% relative to peers. pic.twitter.com/9KQldCHadw
— M. Nolan Gray 🥑 (@mnolangray) February 15, 2025
Lot's of parks, folks are laid back.
Probably my favorite large city anywhere in the southern hempishere.
Whenever I think I’ve already seen the most insane housing stat, I stumble upon another one:
— Amy Nixon (@texasrunnerDFW) February 15, 2025
🚨39% of DFW households were at-risk of eviction or foreclosure in 2024🚨 pic.twitter.com/zWDfDW93BY
That's not a shock. That's the home of the hundredthousandaire. The number of people in the metroplex living above their means is shocking.
its all messed up in DFWnein51 said:
That's not a shock. That's the home of the hundredthousandaire. The number of people in the metroplex living above their means is shocking.
My friend was being taxed at 975k on his house. He didnt get an offer over 760k to sell it in the 16 months it was for sale.
Tax appraisal wouldnt budge in 24 but they will in 2025 when the new owner slaps down that 760k contract
“The Internet is just a world passing around notes in a classroom.”
Jon Stewart
Jon Stewart
4th and Inches said:its all messed up in DFWnein51 said:
That's not a shock. That's the home of the hundredthousandaire. The number of people in the metroplex living above their means is shocking.
My friend was being taxed at 975k on his house. He didnt get an offer over 760k to sell it in the 16 months it was for sale.
Tax appraisal wouldnt budge in 24 but they will in 2025 when the new owner slaps down that 760k contract
The downside to no sales taxes are property taxes that can get out of control.
But way before that there is just a massive spending problem in that area.
Bidenflation is still an issue. If the v price of eggs is an indicator (one of many), here's a shocking headline:
In NYC, they are selling eggs one at a time.
https://notthebee.com/article/egg-prices-are-so-out-of-control-that-new-york-city-shops-are-selling-loosie-eggs-in-baggies
In NYC, they are selling eggs one at a time.
https://notthebee.com/article/egg-prices-are-so-out-of-control-that-new-york-city-shops-are-selling-loosie-eggs-in-baggies
yes, eggs are expensive if you kill all the chickens before Biden leaves officehistorian said:
Bidenflation is still an issue. If the v price of eggs is an indicator (one of many), here's a shocking headline:
In NYC, they are selling eggs one at a time.
https://notthebee.com/article/egg-prices-are-so-out-of-control-that-new-york-city-shops-are-selling-loosie-eggs-in-baggies
“The Internet is just a world passing around notes in a classroom.”
Jon Stewart
Jon Stewart
JUST IN: 🇺🇸 US credit card debt reaches new all-time high of $1.21 trillion.
— Watcher.Guru (@WatcherGuru) February 15, 2025
historian said:
Bidenflation is still an issue. If the v price of eggs is an indicator (one of many), here's a shocking headline:
In NYC, they are selling eggs one at a time.
https://notthebee.com/article/egg-prices-are-so-out-of-control-that-new-york-city-shops-are-selling-loosie-eggs-in-baggies
I bought 2 dozen organic eggs for $4.49/dz yesterday which is roughly what they cost last month and the month before.
I'm in DFW. My property taxes started at around $9K in 2019 and went up to $15k last year. CAD had my home assessment more than double the purchase price within 5 years…nein51 said:4th and Inches said:its all messed up in DFWnein51 said:
That's not a shock. That's the home of the hundredthousandaire. The number of people in the metroplex living above their means is shocking.
My friend was being taxed at 975k on his house. He didnt get an offer over 760k to sell it in the 16 months it was for sale.
Tax appraisal wouldnt budge in 24 but they will in 2025 when the new owner slaps down that 760k contract
The downside to no sales taxes are property taxes that can get out of control.
But way before that there is just a massive spending problem in that area.
I still prefer property taxes though. I mean if you have state income taxes of 10% in a dual income house and both make $100k…that's $20k! Plus you can shop around for houses/areas to fit your budget. Can't do that with income taxes.
nein51 said:historian said:
Bidenflation is still an issue. If the v price of eggs is an indicator (one of many), here's a shocking headline:
In NYC, they are selling eggs one at a time.
https://notthebee.com/article/egg-prices-are-so-out-of-control-that-new-york-city-shops-are-selling-loosie-eggs-in-baggies
I bought 2 dozen organic eggs for $4.49/dz yesterday which is roughly what they cost last month and the month before.
A week or two ago I bought 18 eggs for $7.50. Yesterday I bought the same number for over $8.00.
It's going to take time for supply to be restored.
yeah, mine were about a dollar more per dozen than a before.. the dozen i bought last week was 6.00historian said:nein51 said:historian said:
Bidenflation is still an issue. If the v price of eggs is an indicator (one of many), here's a shocking headline:
In NYC, they are selling eggs one at a time.
https://notthebee.com/article/egg-prices-are-so-out-of-control-that-new-york-city-shops-are-selling-loosie-eggs-in-baggies
I bought 2 dozen organic eggs for $4.49/dz yesterday which is roughly what they cost last month and the month before.
A week or two ago I bought 18 eggs for $7.50. Yesterday I bought the same number for over $8.00.
It's going to take time for supply to be restored.
“The Internet is just a world passing around notes in a classroom.”
Jon Stewart
Jon Stewart
Dallas or the burbs? Big difference. Property taxes and maintenance are why I rent an apt. Done the house thing and no thanks being quasi single with grown kids.Doc Holliday said:I'm in DFW. My property taxes started at around $9K in 2019 and went up to $15k last year. CAD had my home assessment more than double the purchase price within 5 years…nein51 said:4th and Inches said:its all messed up in DFWnein51 said:
That's not a shock. That's the home of the hundredthousandaire. The number of people in the metroplex living above their means is shocking.
My friend was being taxed at 975k on his house. He didnt get an offer over 760k to sell it in the 16 months it was for sale.
Tax appraisal wouldnt budge in 24 but they will in 2025 when the new owner slaps down that 760k contract
The downside to no sales taxes are property taxes that can get out of control.
But way before that there is just a massive spending problem in that area.
I still prefer property taxes though. I mean if you have state income taxes of 10% in a dual income house and both make $100k…that's $20k! Plus you can shop around for houses/areas to fit your budget. Can't do that with income taxes.
For those interested...
— Know Your Money 📈💳💰 (@KnowUrMoneyBiz) February 20, 2025
Last time rates were below:
6%: 9/8/22
5%: 8/4/22
4%: 3/10/22
3%: 11/10/21
2.65%: 1/7/21 (Lowest Ever)
Will we see rates go below 6% in 2025?
BREAKING: There are now 9 times more new homes for sale than the average number of homes sold per month, the highest since 2022, per Reventure.
— The Kobeissi Letter (@KobeissiLetter) February 20, 2025
In other words, it would take 9 months for current inventory of new homes on the market to sell given the current sales pace.
This… pic.twitter.com/0dYd4elizC
"To afford the median-priced home of $433,100, Americans need an annual income of roughly $166,600. However, the median household earns just $78,538," per FORTUNE.
— unusual_whales (@unusual_whales) February 21, 2025
The trend of Americans moving to Texas and Florida continued in 2024 pic.twitter.com/x1CrghCg3x
— Visegrád 24 (@visegrad24) February 25, 2025
I do think that for anyone interested in buying a house, keep your powder dry as I smell a big correction coming.
J.R. said:
I do think that for anyone interested in buying a house, keep your powder dry as I smell a big correction coming.
Not sure that's a hot take. Seems inevitable at this point. But it's good advice for sure.
Median age of first time homebuyers is 56:
https://notthebee.com/article/the-average-age-of-first-time-homebuyers-is-now-approaching-retirement-age
https://notthebee.com/article/the-average-age-of-first-time-homebuyers-is-now-approaching-retirement-age
“Incline my heart to your testimonies, and not to selfish gain!”
Psalm 119:36
Psalm 119:36
historian said:
Median age of first time homebuyers is 56:
https://notthebee.com/article/the-average-age-of-first-time-homebuyers-is-now-approaching-retirement-age
American dream dying right in front of us
USA being turned into a society of landless peasant renters.....
That's the goal of globalist elites.
"You will own nothing and be happy."
"You will own nothing and be happy."
“Incline my heart to your testimonies, and not to selfish gain!”
Psalm 119:36
Psalm 119:36
i suppose if a person owns two homes and has no debt its all good
I understand mortgages are a different situation. That is a lot of $. I was referring to consumer debt.STxBear81 said:
i suppose if a person owns two homes and has no debt its all good
The thread is about people buying new homes. People don't buy homes udon credit cards.
“Incline my heart to your testimonies, and not to selfish gain!”
Psalm 119:36
Psalm 119:36
I'll be okay. My solution to the coming housing price drop was not to include my home in my investment planning to begin with. I either could afford to buy it as is and still be in line with my future financial goals or I couldn't, and its purpose in my life is to have a place to live, nothing more. If I benefit financially from my home somehow down the road, then that will be a bonus but I'm not counting on it.nein51 said:
That's probably accurate. Want to wipe out a ton of wealth and bankrupt probably 30% of the country? Have the value of their home drop by 38%. That will do it.
BearlySpeaking said:I'll be okay. My solution to the coming housing price drop was not to include my home in my investment planning to begin with. I either could afford to buy it as is and still be in line with my future financial goals or I couldn't, and its purpose in my life is to have a place to live, nothing more. If I benefit financially from my home somehow down the road, then that will be a bonus but I'm not counting on it.nein51 said:
That's probably accurate. Want to wipe out a ton of wealth and bankrupt probably 30% of the country? Have the value of their home drop by 38%. That will do it.
That's just not the case for a huge number of home owners and for a lot of Americans the only real "wealth" they have is tied up in the value of their home.
That is not a smart financial move to have your financial future riding on a single real estate asset. It's better not to buy a piece of real estate as part of your investment planning if you don't have other adequate financial investments.nein51 said:BearlySpeaking said:I'll be okay. My solution to the coming housing price drop was not to include my home in my investment planning to begin with. I either could afford to buy it as is and still be in line with my future financial goals or I couldn't, and its purpose in my life is to have a place to live, nothing more. If I benefit financially from my home somehow down the road, then that will be a bonus but I'm not counting on it.nein51 said:
That's probably accurate. Want to wipe out a ton of wealth and bankrupt probably 30% of the country? Have the value of their home drop by 38%. That will do it.
That's just not the case for a huge number of home owners and for a lot of Americans the only real "wealth" they have is tied up in the value of their home.