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Thread: Existing Home Sales

  1. #11
    Dick with my Buzz...Try DebateDrone's Avatar
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    Remember when Republicans had their alternative numbers on Median income, unemployment rate and job force numbers.

    Gone like magic.

  2. #12
    Veteran Member TNVolunteer73's Avatar
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    Quote Originally Posted by Miller47 View Post
    Existing-home sales in U.S. soar 5.6 percent in November.

    Existing-home sales surged for the third straight month in November and reached their strongest pace in almost 11 years.

    According to who?

    According the National Association of Realtors, that's who.

    All major regions except for the West saw a significant hike in sales activity last month.

    Sales are 3.8 percent higher than a year ago and are at their strongest pace since December 2006.

    The median existing single-family home price was $248,800 in November, up 5.4 percent from November 2016.

    Thanks Trump!
    Home sales recover from the Mortgage crisis. Too bad Obama could not figure out basic economics.

  3. #13
    Member Claudius the God's Avatar
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    Quote Originally Posted by cpicturetaker12 View Post
    Not in my neighborhood.

    PS The price of my house peaked in 2006, dropped and dropped some more and cratered in 2008. STILL hasn't regained all its value. THANKS GEORGE!
    Same here, our home has yet to reach the price we paid in 2005. The tax bill just passed will depress real estate prices in California in some locations, in the most desired locations, it should not matter much because rich people still want to live in the nicest places even if it costs them more to do so. Very few truly rich people prefer living in a shithole when they can easily move to paradise.

  4. #14
    SWED Missle Command Champion johnflesh's Avatar
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    My home climbed $20,000 in value without any investment. But that happened before Trump was elected. My PMI ( a req. in my state if you don't have the $250,000 in cash handy to drop on a home) went up almost $100 a month the day Trump was brought into office since the very first thing he did was remove the PMI credit for his buddies.

    Certain Trump deserves credit where it's due... if we are doling out credits. (wanking)

  5. #15
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    Quote Originally Posted by Claudius the God View Post
    Same here, our home has yet to reach the price we paid in 2005. The tax bill just passed will depress real estate prices in California in some locations, in the most desired locations, it should not matter much because rich people still want to live in the nicest places even if it costs them more to do so. Very few truly rich people prefer living in a shithole when they can easily move to paradise.
    So the tax bill took away the tax advantage for rich people and rich people now have to pay more in federal income taxes in high tax states, just as it should be.

  6. #16
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    Quote Originally Posted by HayJenn View Post
    What no link??

    Gee is is because of this part that you didn't bother to post?

    Lawrence Yun, NAR chief economist, says home sales in most of the country expanded at a tremendous clip in November. “Faster economic growth in recent quarters, the booming stock market and continuous job gains are fueling substantial demand for buying a home as 2017 comes to an end,” he said. “As evidenced by a subdued level of first-time buyers and increased share of cash buyers, move-up buyers with considerable down payments and those with cash made up a bulk of the sales activity last month. The odds of closing on a home are much better at the upper end of the market, where inventory conditions continue to be markedly better.”

    Existing Home Sales Surge in November | CPA Practice Advisor

    Meaning for rich people with cash, yes they are buying up homes left and right.

    Many of the people who buy homes from my husband's company are foreign investors, trying to get their money out of China and Russia.

    Meanwhile in most markets' affordable housing for the middle class is almost non-existent.
    You seem to be upset that Americas housing market is doing very well.

    Those "rich people" and "foreign investors" are buying homes for less than 250K?

    How much do fancy houses cost in YOUR neighborhood?

    I thought those types lived in big, fancy, expensive houses...

  7. #17
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    Quote Originally Posted by labrea View Post
    Homelessness is also up.
    Says who?

  8. #18
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    Quote Originally Posted by johnflesh View Post
    My home climbed $20,000 in value without any investment. But that happened before Trump was elected. My PMI ( a req. in my state if you don't have the $250,000 in cash handy to drop on a home) went up almost $100 a month the day Trump was brought into office since the very first thing he did was remove the PMI credit for his buddies.

    Certain Trump deserves credit where it's due... if we are doling out credits. (wanking)
    And if the housing market continues to do well, as it is now, your home should continue to increase in value.

    Of course, some people seem to think a good housing market is a terrible thing for America.

    Haters gonna hate...
    Last edited by Miller47; 2nd January 2018 at 11:41 AM.

  9. #19
    Veteran Member Panzareta's Avatar
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    Quote Originally Posted by TNVolunteer73 View Post
    Home sales recover from the Mortgage crisis. Too bad Obama could not figure out basic economics.
    You mean all those subprimes issued under Bush that Obama had to deal with before they ended up on the market too?

    Obama sure kept the sharks from fleecing any more homeowners with his refinancing acts.

  10. #20
    Veteran Member Panzareta's Avatar
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    Quote Originally Posted by Miller47 View Post
    And if the housing market continues to do well, as it is now, your home should continue to increase in value.

    Of course, some people seem to thing a good housing market is a terrible thing for America.

    Haters gonna hate...
    Did Trump ever voice displeasure with the previous RE market with it's highest foreclosure percentages in the history of the US? I've never come across a comment on it by him.

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