Bluebirdx- t1_ja8kc9g wrote on February 27, 2023 at 5:21 PM

Reply to comment by billm0066 in US Pending Home Sales Surge 8.1%, Most Since June 2020 — Bloomberg by cbusoh66

What, there is a shitload more houses for sale you muppet

Jeremyx2 t1_ja8q7zq wrote on February 27, 2023 at 5:58 PM

https://i.imgur.com/zEVIBQI.jpg

No, no there aren’t

https://fred.stlouisfed.org/series/ACTLISCOUUS

Edit: linked directly to the St Luis fed’s page for current homes for sale, it’s under 700k. Why the downvotes!

Muze75 t1_ja8yv7p wrote on February 27, 2023 at 6:52 PM

Did that just happen? Cause inventory has been low for months

rp2012-blackthisout t1_ja93dp4 wrote on February 27, 2023 at 7:21 PM

youre an idiot. everything that person just said is on point.

OpWillDlvr t1_jaay16s wrote on February 28, 2023 at 2:54 AM

Agreed. He is, and that guys comments are some of the most sane statements on the subject I've seen in a while.

billm0066 t1_jaar2t2 wrote on February 28, 2023 at 2:03 AM

Compared to all time lows which means STILL LOW INVENTORY.

Who the fuck is buying a house right now? My 225k house is now worth 500k and I have an $1100 month mortgage payment. An upgraded house means a $3500 a month mortgage payment or higher. Fuck that. I will never sell this house. I would rent it before ever consider selling it.

jdmulloy t1_jabd39o wrote on February 28, 2023 at 5:03 AM

Depending how much equity you have an how big of an upgrade you probably could get that payment lower than $3500. You'd have a big down payment selling the current house. Although if you have a nice rate that's a good incentive to stay put. Even going to a similarly priced house would increase your rate and cost.

Bluebirdx- t1_jabo49j wrote on February 28, 2023 at 7:07 AM

So what your saying is small amount home, nobody buying means basically there’s tons of homes