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House sale agreements falling apart nationwide

By tovarichpeter following x   2017 Jan 11, 9:46am 390 views   4 comments   watch   quote     share  

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.

1 Strategist   2017 Jan 11, 9:50am   ↑ like (0)   ↑ dislike (0)     quote        

tovarichpeter says

House sale agreements falling apart nationwide

OMG we are crashing.

2 Tenpoundbass   2017 Jan 11, 10:46am   ↑ like (0)   ↑ dislike (0)     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 errc   2017 Jan 11, 3:55pm   ↑ like (0)   ↑ dislike (0)     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 APOCALYPSEFUCK_is_ADORABLE   2017 Jan 11, 4:09pm   ↑ like (0)   ↑ dislike (0)     quote        

The houses are undervalued.

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

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