Ellen Pitts

Just me

[Ellen Pitts @EllenPi00336228]

@WhatisTruth1776 @MeghanMcCain @annbauerwriter @PeteButtigieg @grok It sucks that this was political backlash but the truth is this happens to regular people all the time and doesn’t make the news. If he wants to make a difference he will work to fix the flawed system

[Ellen Pitts @EllenPi00336228]

@u_s_first @MatrixMysteries ^^^100%

[Ellen Pitts @EllenPi00336228]

@MatrixMysteries Did you pay interest only payments on your loan?

[Ellen Pitts @EllenPi00336228]

@texasrunnerDFW I don’t miss it for a minute! We had a 2 1/8 and went to a 5 1/8. My office was literally in my garage in the old house. We had outgrown it.

[Ellen Pitts @EllenPi00336228]

@SkyeSharkie @AiwithZoaina It sounds like theirs is more expensive for 10 year old technology lol

[Ellen Pitts @EllenPi00336228]

@AiwithZoaina We do these on all our listings. It isn’t new. And it doesn’t answer every question about a home either.

[Ellen Pitts @EllenPi00336228]

@mcuban People need to start suing them.

[Ellen Pitts @EllenPi00336228]

@mcuban It’s the governments responsibility to force them to have transparent pricing. If fines don’t work, revoke and suspend licenses so they can’t make money for a month. Then longer if they still don’t comply

[Ellen Pitts @EllenPi00336228]

@elonmusk If you start handing out money, how do you get people to cross train into robotics maintenance? As robots take over human work someone needs to maintain them. Eventually they will self maintain but not for awhile.

[Ellen Pitts @EllenPi00336228]

@michaeljburry @realDonaldTrump @pulte @SecScottBessent @FHFA @USTreasury Divorced families with children occupying two homes instead of one. Grey divorces pushing people into two homes instead of one. Americans don’t get along well. You’d be surprised how many prefer to live alone, in a 3 bedroom house, rather than learn to get along with others.

[Ellen Pitts @EllenPi00336228]

@michaeljburry @realDonaldTrump @pulte @SecScottBessent @FHFA @USTreasury They choose this for a few reasons. Either they think a larger home is better for resale or they have friends that come visit or they have children/grandchildren that visit. We also have a huge number of families occupying two homes:

[Ellen Pitts @EllenPi00336228]

@JohnLeFevre They need to add some kind of metric for social skills. People frequently cite that as a problem but in my experience, homeschooled kids are articulate and can carry a conversation while most public school kids respond in single syllables. Surely we can measure this.

[Ellen Pitts @EllenPi00336228]

@Liathetrader @JohnLeFevre This argument only works if you believe men don’t compete aggressively against each other.

[Ellen Pitts @EllenPi00336228]

Zebulon - Time to balance: ~9 years

— Median price: $350,000
— Balanced income: ≈ $87,500
— Current income: ≈ $59,000
— Gap: ~33%

[Ellen Pitts @EllenPi00336228]

the 30-year mortgage rate must fall 2.65% (assuming no resulting increase in home prices),
or home prices need to slide 35%. Assuming a 19% rise in wages and rates falling to 3.85%, home prices would still need to fall 12%. Build homes!

But national data doesn’t hold locally.

[Ellen Pitts @EllenPi00336228]

Clayton - Time to balance: ~7 years (assuming flat prices)

— Median price: $364,000
— Balanced income: ≈ $91,000
— Current income: ≈ $73,000
— Gap: ~25%

[Ellen Pitts @EllenPi00336228]

Wendell - Time to balance: ~1 year

— Median price: $387,500
— Balanced income: ≈ $96,900
— Current income: ≈ $94,000
— Gap: ~3%

[Ellen Pitts @EllenPi00336228]

Fuquay-Varina - Essentially balanced with one year of normal wage growth

— Median home price: $453,000
— Balanced income: ≈ $113,250
— Current income: ≈ $111,000
— Gap to equilibrium: ~2%

[Ellen Pitts @EllenPi00336228]

Holly Springs - Estimated time to pre-Covid balance: ~4 years

— Median home price: $606,000
— Balanced income: ≈ $151,500
— Current income: ≈ $132,000
— Gap to equilibrium: ~14%

[Ellen Pitts @EllenPi00336228]

Apex - Estimated time to pre-Covid balance: ~2 years (assuming flat prices)

— Median home price: $615,000
— Balanced income: ≈ $154,000
— Current income: ≈ $138,000
— Gap to equilibrium: ~11%