@1RentalataTime Foreclosures are a function of price…as long as prices stay elevated there won’t be meaningful foreclosures…the metric in the current environment would be distressed sellers.
@MickeySportsVIP @WALLACHLEGAL CGC24621009 - case is now in the system and these look very real and match what is filed but I am no expert. Do you think something has been edited? What is it that looks fake to you?
IMHO it seems nuts to assume context-free “soft landing” comments are in any way predictive of a hard landing.
I mean, half of the “soft landing” content has to be like this post, saying that a soft landing is impossible, right?
@mikesimonsen@mikesimonsen you have to ask the question, why? Why did rates fall? What’s the broader economic picture look like? Without knowing that it’s tough to qualify your statement.
@LoganMohtashami Weren’t new listings way up in those periods? Inventory being low was an illusion based on the volume of sales…the new houses hitting the market were way higher.
Remember, home sales are down, not because inventory is low, it's because affordability got crushed
We had a lot more sales with less inventory in 2021 & early 2022
@m3_melody A slew of ARM loans are coming due and if you don’t refinance them they’re at unfavorable rates, even in today environment…that’s what drove refinances. You can find this data fairly easily.
@drgurner@aleksic There’s literal economic indices that measure the cost of renting vs owning…you don’t have to use what ever pseudo science you got your doctorate in to know the cost, break even and profitability points of renting vs owning. It’s not “if you can you should”…
@RickPalaciosJr@aarthiswami How do rate buy downs and incentives factor into these median new home prices? Is it reflected at all? If it’s not does that mean new prices are less than existing w/ that consideration?