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House sale agreements falling apart nationwide

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By tovarichpeter   Jan 11, 9:46am   ↑ like (3)   ↓ dislike   1 link   256 views   4 comments   watch (0)   quote  

https://www.bloomberg.com/news/articles/2017-01-11/suddenly-home-sale-agreements-are-falling-apart-across-the-u-s

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1   Strategist   532/533 = 99% civil   Jan 11, 9:50am  ↑ like   ↓ dislike   quote   top   bottom   home   share  

tovarichpeter says

House sale agreements falling apart nationwide

OMG we are crashing.

2   Tenpoundbass   472/473 = 99% civil   Jan 11, 10:46am  ↑ like   ↓ dislike   quote   top   bottom   home   share  

I pray for the day my house drops to about $120K in a sellers market.

I didn't buy my house to get rich, and it will belong to my kids someday.
May it never be worth more than that for them.

3   errc   179/179 = 100% civil   Jan 11, 3:55pm  ↑ like   ↓ dislike   quote   top   bottom   home   share  

Trulia’s data only go back two years, so they don’t indicate what rate is historically normal. Lyle Elliott, branch manager for Berkshire Hathaway HomeServices office in Ventura, Calif., didn’t think his metropolitan area’s fail rate of 11.6 percent was particularly surprising. “We’ve had a robust year,” he said. “When you have more sales, you also have more sales that don’t complete.”

4   APOCALYPSEFUCK_is_ADORABLE   420/420 = 100% civil   Jan 11, 4:09pm  ↑ like   ↓ dislike   quote   top   bottom   home   share  

The houses are undervalued.

Who wants to buy into an asset class that doesn't double in value by the week?

ASSHOLES!

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