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Americans stopped buying houses in 2018

By Patrick follow Patrick   2019 Jan 25, 6:41pm 764 views   4 comments   watch   nsfw   quote   share    


https://au.finance.yahoo.com/news/americans-stopped-buying-homes-2018-013000911.html

The US housing market took a dark turn in 2018 as homebuying fell off a cliff and mortgage lenders saw a steep decline in applications, originations, and profits.
Interest rates are partly to blame for the slide in housing, but that's only half of the equation, according to analysts.
It's too soon to panic, but a deeper drought in housing is bad news for just about everybody, not just the banks.


Bullshit. A deeper drought in housing is EXCELLENT news for buyers who have been sidelined by ridiculous prices.

The US economy has been exceptionally strong in the past year - we've had wage growth, low unemployment, and low delinquency rates, among other positive drivers that should augur well for real-estate investing, UBS said.


TRUMP

So what happened to the housing market? The most glaring explanation is that mortgage rates increased, convincing prospective homebuyers that the market had become unfavorably expensive.


Ya think?

But interest rates don't tell the full story - UBS analysts estimated that rates accounted for roughly half of the slowdown.

Home prices have also been ascending for years. The median existing-home price in December was $US253,600, a 2.9% increase from 2017 and the 82nd straight month of year-over-year gains, according to the NAR.

"We saw a cooldown because buyers couldn't afford these homes anymore," Daryl Fairweather, the chief economist at the real-estate brokerage Redfin, told Business Insider.
1   marcus   ignore (10)   2019 Jan 25, 6:47pm     ↓ dislike (0)   quote   flag        

Patrick says
The US economy has been exceptionally strong in the past year - we've had wage growth, low unemployment, and low delinquency rates, among other positive drivers that should augur well for real-estate investing, UBS said.


TRUMP


1.2 Trillion deficit in growth times is extremely unprecedented.

With a bad recession, what would that deficit do ? Triple ? Quadruple ?

You guys better get a chump democrat in there before that happens. You can blame him or her for it. The funniest and saddest part (and the reason we are doomed) is, you will actually believe your own lies that it's his or her fault.

DEficits are a HUGE problem when democrats are in power. When republicans are in power big deficits are actually good, becasue they set up even bigger deficits when democrats insist on coming back in to the driver seat. You can totally see it coming. IT will supposedly be proof that democrats policies fail.

Meanwhile let's build those trust funds with those tax cuts. Yeeeah BabEEE.
2   APOCALYPSEFUCKisShostikovitch   ignore (43)   2019 Jan 25, 7:09pm     ↓ dislike (0)   quote   flag        

LONG: YAMS! and BELT!-FED! Ammo.

OPEN FIRE!
3   Patrick   ignore (0)   2019 Jan 25, 8:44pm     ↓ dislike (0)   quote   flag        

If Trump hadn't signed that budget, he would have been blamed even more than he is for signing it.
4   MrMagic   ignore (11)   2019 Jan 25, 9:23pm     ↓ dislike (0)   quote   flag        

marcus says
1.2 Trillion deficit


Why do you always bring up Obama's average deficit his first 4 years?


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