@geekopediax@Hedgeye 1. Pending is very different from sold 2. The “pendings” are at a 4 year high not an all time high. I’d attribute that to growing inventory and a surge in new constructions.
Not really actually. Banks have been qualifying buyers for payments over 50% of their monthly income. Credit scores needed for FHA are 580 with 3% down. How many people do you think bought with FOMO and have been held afloat by moratoriums? How many more are barely hanging on waiting for rates to drop? We see now rates won’t drop anytime soon because of inflation, and that refinance in 6 months plan was a lie from the realtor.
@BriskerSZN@BarstoolGruden who’s responsible for this now that you’re actively on twitter. Us regular people not paid millions to know ball knew this was absolute dog shit the moment it happened. Horrendous franchise management