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House sale agreements falling apart nationwide

By user 11337   Jan 11, 9:46am   1 link   336 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

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

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1   user 81606     Jan 11, 9:50am  ↑ like   ↓ dislike   quote    

tovarichpeter says

House sale agreements falling apart nationwide

OMG we are crashing.

2   user 28658     Jan 11, 10:46am  ↑ like   ↓ dislike   quote    

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   user 1104     Jan 11, 3:55pm  ↑ like   ↓ dislike   quote    

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   user 118069     Jan 11, 4:09pm  ↑ like   ↓ dislike   quote    

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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