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re: New Single Family homes listed for sale hits highest level since 2008

Posted on 4/24/24 at 3:51 pm to
Posted by High C
viewing the fall....
Member since Nov 2012
53779 posts
Posted on 4/24/24 at 3:51 pm to
quote:

Will you link the OP


I don’t know why, but maybe he doesn’t want to. Also, all of the graphs and charts in the OP were posted from X/Twitter.
Posted by Bayou_Tiger_225
Third Earth
Member since Mar 2016
10455 posts
Posted on 4/24/24 at 3:51 pm to
Location of these homes will also play a huge factor IMO.

In most cities, you have the majority of you home purchasing individual all looking to purchase in the same small area because the rest of the city has gone to shite.
Posted by teke184
Zachary, LA
Member since Jan 2007
95311 posts
Posted on 4/24/24 at 4:21 pm to
quote:

65 isn’t that old. I don’t want to wait 20 years to see Florida home prices plummet and buy a home there.


Florida is going to see a bunch of the people in those northern states selling those homes and then moving down to buy a house in the Sunshine State.
Posted by Rize
Spring Texas
Member since Sep 2011
15773 posts
Posted on 4/24/24 at 5:48 pm to
I’m nervous to buy a house with these rates right now but every thing seems to keep going up or selling really fast.

My luck I buy a house and lose 40% of equity within a year
Posted by SlowFlowPro
Simple Solutions to Complex Probs
Member since Jan 2004
422393 posts
Posted on 4/24/24 at 5:57 pm to
quote:

Damnnn, Lake Charles is getting the hammer and I suspect it gets worse.

Well 2022 still had crazy post-Hurricane pricing. The cost decline is due to that variable more than anything else, I reckon.
Posted by Hookah
Member since Nov 2023
94 posts
Posted on 4/24/24 at 6:28 pm to
quote:

A lot of people who bought at the peak aren't ready to accept losses so they are holding on.


Umm a lot of areas are still peaking.
Posted by ronricks
Member since Mar 2021
6526 posts
Posted on 4/24/24 at 6:31 pm to
quote:

My luck I buy a house and lose 40% of equity within a year


Let’s pretend that happens. If you plan to stay in the home a longtime does it even matter? You only lose when you go to sell it. Housing market will go up and down like it always does.
Posted by Alltheway Tigers!
Baton Rouge
Member since Jan 2004
7135 posts
Posted on 4/24/24 at 6:31 pm to


Inventory is back but affordability is the real issue.
Posted by iluvdatiger
Baton Rouge, LA
Member since Jan 2004
42829 posts
Posted on 4/24/24 at 6:54 pm to
Gen X is throwing them in retirement homes
Posted by SlowFlowPro
Simple Solutions to Complex Probs
Member since Jan 2004
422393 posts
Posted on 4/24/24 at 6:55 pm to
Hey iluv <3
Posted by iluvdatiger
Baton Rouge, LA
Member since Jan 2004
42829 posts
Posted on 4/24/24 at 6:58 pm to
HI! How you been?
Posted by Klark Kent
Houston via BR
Member since Jan 2008
66785 posts
Posted on 4/24/24 at 6:58 pm to
quote:

If we can keep hedge funds from buying everything up, there may be hope to solve the SFH shortage


US Federal Government: don’t worry fam, i got you.
Posted by Klark Kent
Houston via BR
Member since Jan 2008
66785 posts
Posted on 4/24/24 at 6:59 pm to
Sao being a douche…..again.
Posted by iluvdatiger
Baton Rouge, LA
Member since Jan 2004
42829 posts
Posted on 4/24/24 at 7:11 pm to
I am looking at condos or a townhouse to buy instead of renting in BR and it looks like I'd be paying about the same I am paying in rent.
Posted by OWLFAN86
The OT has made me richer
Member since Jun 2004
175830 posts
Posted on 4/24/24 at 7:13 pm to
hey sweetcheeks
Posted by lsucoonass
shreveport and east texas
Member since Nov 2003
68450 posts
Posted on 4/24/24 at 7:24 pm to
Why is Provo so high?

Mormons have that much money??
Posted by Big EZ Tiger
Member since Jul 2010
24268 posts
Posted on 4/24/24 at 7:24 pm to
quote:

So glad I got out of shitty arse Louisiana.

I guess Louisiana does win sometimes.
Posted by udtiger
Over your left shoulder
Member since Nov 2006
98702 posts
Posted on 4/24/24 at 7:36 pm to
quote:

Mortgage applications are at their lowest levels since 1995


Interesting. Got my first mortgage in 1995.
Posted by scottydoesntknow
Member since Nov 2023
2002 posts
Posted on 4/24/24 at 7:39 pm to
quote:

Yet prices still aren't declining


They wont ever decline much. Too much inflation
Posted by Rize
Spring Texas
Member since Sep 2011
15773 posts
Posted on 4/24/24 at 8:00 pm to
quote:

Let’s pretend that happens. If you plan to stay in the home a longtime does it even matter? You only lose when you go to sell it. Housing market will go up and down like it always does.


Every time I say I’m going to stay somewhere I leave. Built a custom home in BR 3 years ago and now it’s on the market and I’m living in Houston.
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