US January Pending Home Sales Drop 7.7%
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Pending sales of existing U.S. homes fell sharply in January, with the index dropping to a record low, according to a report on Tuesday that showed the deteriorating economy was keeping buyers on the sidelines.
The National Association of Realtors Pending Home Sales Index, based on contracts signed in January, plunged 7.7 percent to 80.4, the lowest since the NAR started tracking the series in 2001.
Stitchesluxury_boxAre people really not trying to buy or just not qualifying to buy?
Because it appears to be a great time to buy IMO.
2017 Dream Draft (3/17 – NFLDraftScout ~ Rankings used)
22. Zach Cunningham, LB, Vandy
54. Desmond King, S/DB, Iowa
97. Demarcus Walker, DE, FSU
166. Jermaine Eluemunor, OL, TAMU
178. George Kittle, TE, Iowa
184. Charles Walker, DT, Oklahoma
223. Aviante Collins, OL, TCU
jdang307subscriberPeople are afraid. If you don't have confidence in your job, you're not going to buy.
It's a better time to buy than it was before, but lets say 2009 really is a crappy year for the economy. Housing may be cheaper on 12/31/2009 than it is today, and they might have a better idea of their job situation.
Me and the lady are looking right now, just put an offer in last week. But prices on non-distressed properties in nice areas are still expensive here in San Diego. Houses we actually like, and non-distressed, are going for $600k-700k still (house we looked at was $575k-625k)
Stitchesluxury_box"jdang307 wrote:
People are afraid. If you don't have confidence in your job, you're not going to buy.
It's a better time to buy than it was before, but lets say 2009 really is a crappy year for the economy. Housing may be cheaper on 12/31/2009 than it is today, and they might have a better idea of their job situation.
Me and the lady are looking right now, just put an offer in last week. But prices on non-distressed properties in nice areas are still expensive here in San Diego. Houses we actually like, and non-distressed, are going for $600k-700k still (house we looked at was $575k-625k)
Eeeeeeek!
I thought my house was pretty cheap, but I could not even imagine that house payment.
2017 Dream Draft (3/17 – NFLDraftScout ~ Rankings used)
22. Zach Cunningham, LB, Vandy
54. Desmond King, S/DB, Iowa
97. Demarcus Walker, DE, FSU
166. Jermaine Eluemunor, OL, TAMU
178. George Kittle, TE, Iowa
184. Charles Walker, DT, Oklahoma
223. Aviante Collins, OL, TCU
DonShula84moderator"Stitches wrote:
Eeeeeeek!
I thought my house was pretty cheap, but I could not even imagine that house payment.
That isnt even an expensive house in So Cal.
I think I need to move lol :pity:
Stitchesluxury_box"DonShula84 wrote:
That isnt even an expensive house in So Cal.
I think I need to move lol :pity:
That would be anywhere from 3-4 of my houses. :lol:
2017 Dream Draft (3/17 – NFLDraftScout ~ Rankings used)
22. Zach Cunningham, LB, Vandy
54. Desmond King, S/DB, Iowa
97. Demarcus Walker, DE, FSU
166. Jermaine Eluemunor, OL, TAMU
178. George Kittle, TE, Iowa
184. Charles Walker, DT, Oklahoma
223. Aviante Collins, OL, TCU
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