Pending Home Sales Suffer Worst Decline Streak Since Financial Crisis

Discussion in 'Economy' started by McRocket, May 30, 2019.

  1. depotoo
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    depotoo Platinum Member

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    F4148E21-5F28-49E7-9C74-614831CE71A7.png 3F6AF9DD-A323-4ECB-A9AB-36AD2B082562.png Yet new homes sales are up over all from 2018
     
  2. theHawk
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    theHawk Registered Conservative

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    Leftwingers certainly are hoping so.....

    [​IMG]
     
    • Funny and Agree!! Funny and Agree!! x 2
  3. HereWeGoAgain
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    HereWeGoAgain Diamond Member

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    I get people trying to buy my house at least once a week.
    Houses in my neighborhood sell within a month of being put on the market.
    The one nextdoor sold for 960k just a few months ago,it was on the market for two weeks.
     
  4. HenryBHough
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    HenryBHough Gold Member Supporting Member

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    Funny!

    House down the street went on the market at 9am last Thursday morning. At which time three potential buyers were on the doorstep waiting, each having heard the house MIGHT go up for sale. Bidding war ensued right on the spot and the sales agreement was signed, earnest money in hand, in less than one hour. Sale price hadn't been announced prior to listing and all of the initial offers were in excess of the owner's planned price. When the dust settled the price paid was 18.5% above what had been planned (and which was slightly above the price at which previous sales in the area had brought).

    Might have gone higher had the owners waited for the other two potential buyers who didn't get there until noonish.

    Yeah, tell me how housing prices are collapsing.......
     
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