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Jesus Malverde

(10,274 posts)

10. Last I heard 60 percent of home sales were cash. Maybe the cash is drying up with the end of QE3..nt

Reply to Purveyor (Original post)

Fri Aug 23, 2013, 12:06 PM

Aug 2013

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U.S. New-Home Sales Plunge as Mortgage Rates Rise [View all] Purveyor Aug 2013 OP

Purchase rates are artificially low now because everyone rushed to apply for mortgages geek tragedy Aug 2013 #1

And there are a shortage of "New Homes" as many builders cut back on building itsrobert Aug 2013 #2

and there was a shortage of resales because new homeowners didn't want to list geek tragedy Aug 2013 #4

The real estate market is trapped. It depends on completely crazy-low interest rates. reformist2 Aug 2013 #3

There was a dramatic reduction in prices in 2006-2008. geek tragedy Aug 2013 #5

Sez you. I think average prices need to drop another 30-40%. reformist2 Aug 2013 #6

Since the market value of my home is up 30 percent from 2 years ago itsrobert Aug 2013 #9

Perhaps not 50%... but do you honestly believe that the value of your home increased Hosnon Aug 2013 #11

No, it's based on "sold" market comparables in my area itsrobert Aug 2013 #12

Then that's a bubble. nt. Hosnon Aug 2013 #13

My home is still assessed 35 percent below it's all time high itsrobert Aug 2013 #14

Well, everyone gets a very small voice in the housing market nt geek tragedy Aug 2013 #16

Where do you live? Its WAY cheaper to buy in Ohio than rent. we can do it Aug 2013 #19

no easy way out Supersedeas Aug 2013 #18

wages need to go back up to 1st world status. why should people who already own homes be ruined? magical thyme Aug 2013 #20

It seems to me, that if the GOP would get off the Obamacare thing and focus on jobs, tofuandbeer Aug 2013 #7

I will never own real estate in the United States again. onehandle Aug 2013 #8

Ditto! n/t PasadenaTrudy Aug 2013 #17

Last I heard 60 percent of home sales were cash. Maybe the cash is drying up with the end of QE3..nt Jesus Malverde Aug 2013 #10

U.S. July existing home sales jump to three-year high Mosby Aug 2013 #15

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