Liberal Forum

Z09 » 20 Jan 2024, 10:40 am » wrote: ↑

20 Jan 2024, 10:40 am

So you NEVER said that thanks to Biden millions of Americans can now buy a home?

"14 million "...
 

Z09 » 20 Jan 2024, 9:25 am » wrote: ↑

20 Jan 2024, 9:25 am

Home sales lowest in 28 years....
Do you think 7% interest rates might be a problem idiot?

The residential real estate market tumbled in 2023, as soaring interest rates steadily slowed sales activity — but home prices still hit a record high.The median home sale price in 2023 was $389,800, up about 1% from 2022 and the highest on record, according to data from the National Association of Realtors released Friday.That is good news for the 85 million homeowning households that enjoyed further gains in housing wealth, said Lawrence Yun, chief economist at NAR. However, it proved to be a maddening market for new homebuyers, who were priced out by rising prices and, for much of the year, surging mortgage rates that made this the least affordable market in decades.

https://www.cnn.com/2024/01/19/economy/ ... index.html

That's from trumpflation. 
 

R.Suave » 20 Jan 2024, 10:37 am » wrote: ↑

20 Jan 2024, 10:37 am

You are lying, Hole.

Why are you lying?

No questions dick sucker...

own it...
 

Z09 » 20 Jan 2024, 9:25 am » wrote: ↑

20 Jan 2024, 9:25 am

Home sales lowest in 28 years....
Do you think 7% interest rates might be a problem idiot?

The residential real estate market tumbled in 2023, as soaring interest rates steadily slowed sales activity — but home prices still hit a record high.The median home sale price in 2023 was $389,800, up about 1% from 2022 and the highest on record, according to data from the National Association of Realtors released Friday.That is good news for the 85 million homeowning households that enjoyed further gains in housing wealth, said Lawrence Yun, chief economist at NAR. However, it proved to be a maddening market for new homebuyers, who were priced out by rising prices and, for much of the year, surging mortgage rates that made this the least affordable market in decades.

https://www.cnn.com/2024/01/19/economy/ ... index.html

And it's been going down for the last ten years. What about that zo9?

Z09 » 20 Jan 2024, 10:40 am » wrote: ↑

20 Jan 2024, 10:40 am

So you NEVER said that thanks to Biden millions of Americans can now buy a home?

No, I did not....as you well know.



 

ROG62 » 20 Jan 2024, 10:43 am » wrote: ↑

20 Jan 2024, 10:43 am

democrats did, ****...

Where's your data?

HOMEPAGE
STRATEGY
Housing in the US has not been able to keep up with buyer demand over the past decade
Madison Hoff Sep 27, 2020, 7:20 AM CDT

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construction workers building home

David J. Phillip/AP
New US housing construction has shown strength amid the pandemic.
July housing starts saw a third-straight month of gains and was the largest jump since 2016 before starts declined in August because of a drop in construction for multi-family units.
However, starts for single-family units are still low relative to years before the Great Recession and the housing bubble.
Business Insider decided to take a closer look at whether the US has been building enough homes to keep up with demand.
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Amid the pandemic, housing has been one area of the economy that has been doing relatively well as reflected by a rise in both builder confidence and housing starts.

But housing construction has lagged demand in the years since the Great Recession, with single-family housing starts in particular declining in the last decade despite a continuously growing population.

Home construction and sales have quickly rebounded after being slammed by the economic turmoil caused by the pandemic in the spring. New privately-owned housing starts rose for three-straight months before declining by 5.1% in August from July's revised figure of 1.492 million.

A large monthly decline in starts for multi-family units, like apartments, contributed to the overall decline. Single-family starts also rose by 4.1% in August to 1.021 million, the highest rate since February's figure of 1.034 million as reported by The Wall Street Journal. US existing home sales also jumped by 24.7% in July for a second-straight record month.

Trump flation and the actions to combat trumpflation raise interest rates.

Z09 » 20 Jan 2024, 9:25 am » wrote: ↑

20 Jan 2024, 9:25 am

Home sales lowest in 28 years....
Do you think 7% interest rates might be a problem idiot?

The residential real estate market tumbled in 2023, as soaring interest rates steadily slowed sales activity — but home prices still hit a record high.The median home sale price in 2023 was $389,800, up about 1% from 2022 and the highest on record, according to data from the National Association of Realtors released Friday.That is good news for the 85 million homeowning households that enjoyed further gains in housing wealth, said Lawrence Yun, chief economist at NAR. However, it proved to be a maddening market for new homebuyers, who were priced out by rising prices and, for much of the year, surging mortgage rates that made this the least affordable market in decades.

https://www.cnn.com/2024/01/19/economy/ ... index.html

THIS IS GREAT NEWS FOR THE MILLIONS OF MAGA LANDLORDS AND REAL ESTATE INVESTORS ALL ACROSS THE USA
It does my heart good to see this.
BTW.....How many "BIDEN / HARRIS"  bumper stickers does anyone ever see these days driving around town...?     


 
 

BidenClownPosse » 20 Jan 2024, 10:57 am » wrote: ↑

20 Jan 2024, 10:57 am

Yeah this really sucks...!!!! I cant believe I voted for this...!!! If this keeps up I'll be living in one of those 400 square foot Micro Houses that the [[[Jew World Order]]] wants to cram millions of [[[JWO]]] indoctrinated  Liberals just like me into...!!!    
 

 

Z09 » 20 Jan 2024, 11:04 am » wrote: ↑

20 Jan 2024, 11:04 am

R. Suave
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Z09 » 31 Dec 2023, 11:46 am » wrote: ↑31 Dec 2023, 11:46 am
You voted for Biden...
The American people lost
Clearly not...

Many more are now qualified for a mortgage..

Happens everytime after a republican president. Everytime 

Z09 » 20 Jan 2024, 11:06 am » wrote: ↑

20 Jan 2024, 11:06 am

R. Suave
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Z09 » 31 Dec 2023, 12:34 pm » wrote: ↑31 Dec 2023, 12:34 pm
The double interest rates have pushed people out of the market...

They're not qualified with double interest rates
Interest rates don't establish qualification, ya **** ******* hole

Income (or means) does

Rates are down to 6.6% on 30-year mortgages, according to Freddie Mac.  (iStock)Mortgage rates continued their downward trend this week and have fallen to levels not seen since last spring, according to Freddie Mac. The average 30-year fixed-rate mortgage was 6.6% for the week ending January 18, according to Freddie Mac’s latest Primary Mortgage Market Survey. That’s a slight decrease from the previous week when it averaged 6.66%. A year ago at this time, the 30-year fixed-rate mortgage averaged 6.15%. "Mortgage rates decreased this week, reaching their lowest level since May of 2023," Freddie Mac Chief Economist Sam Khater said. "This is an encouraging development for the housing market and in particular first-time homebuyers who are sensitive to changes in housing affordability. However, as purchase demand continues to thaw, it will put more pressure on already depleted inventory for sale."While falling rates are a good sign for buyers, there’s still the chance they may not hold steady as the economy wobbles toward recovery. This can cause trouble for buyers trying to accurately budget for their home purchase.

Bidencrimefamily » 20 Jan 2024, 11:14 am » wrote: ↑

20 Jan 2024, 11:14 am

Rates are down to 6.6% on 30-year mortgages, according to Freddie Mac.  (iStock)Mortgage rates continued their downward trend this week and have fallen to levels not seen since last spring, according to Freddie Mac. The average 30-year fixed-rate mortgage was 6.6% for the week ending January 18, according to Freddie Mac’s latest Primary Mortgage Market Survey. That’s a slight decrease from the previous week when it averaged 6.66%. A year ago at this time, the 30-year fixed-rate mortgage averaged 6.15%. "Mortgage rates decreased this week, reaching their lowest level since May of 2023," Freddie Mac Chief Economist Sam Khater said. "This is an encouraging development for the housing market and in particular first-time homebuyers who are sensitive to changes in housing affordability. However, as purchase demand continues to thaw, it will put more pressure on already depleted inventory for sale."While falling rates are a good sign for buyers, there’s still the chance they may not hold steady as the economy wobbles toward recovery. This can cause trouble for buyers trying to accurately budget for their home purchase.

It all depends on the area.  I just bought a new home in a retirement community in south/central NJ in an all cash transaction purchase and sold my existing home to a wealthy young couple at more than $60,000 over the listing price.  Bidding wars are common in my area and most homes are selling for amounts well over the asking price.  Our buyers needed to put down half a million in order to qualify for a $600,000 mortgage at 6.5%, and that's on my property that also carries a property tax of over $20,000 per year.

Good luck buying a home here if you can't come up with a down payment of at least 40%, and then face a bidding war that pushes it even higher.  Not many people are selling in this market in my area, so the low supply has driven up the price and pretty much locked the middle class out of the market with such inflationary new costs. 
 

Bidencrimefamily » 20 Jan 2024, 10:06 am » wrote: ↑

20 Jan 2024, 10:06 am

Trump created inflation.

In Jan of 2021 inflation was 1.4.

 Mortgage rates kick off 2021 with a new record low

Mortgage rates fell to another record low last week.The average interest rate on a 30-year fixed-rate mortgage dropped to 2.65%, according to Freddie Mac. That’s the lowest level in the nearly 50 years that the mortgage giant has been publishing the survey. The 15-year fixed-rate mortgage dropped to 2.16%.

https://www.cnn.com/2021/01/07/success/ ... index.html

You may go back to the corner now.  And don't forget your pointy hat, Dunce.
 
 

bidenomics alone is driving Blacks, Hispanics, and DEMs to the Republican Party ...

R.Suave » 20 Jan 2024, 10:56 am » wrote: ↑

20 Jan 2024, 10:56 am

Where's your data?

still waiting for it...runner...

Bidencrimefamily » 20 Jan 2024, 11:06 am » wrote: ↑

20 Jan 2024, 11:06 am

Happens everytime after a republican president. Everytime

 
 

Zeets2 » 20 Jan 2024, 11:37 am » wrote: ↑

20 Jan 2024, 11:37 am

It all depends on the area.  I just bought a new home in a retirement community in south/central NJ in an all cash transaction purchase and sold my existing home to a wealthy young couple at more than $60,000 over the listing price.  Bidding wars are common in my area and most homes are selling for amounts well over the asking price.  Our buyers needed to put down half a million in order to qualify for a $600,000 mortgage at 6.5%, and that's on my property that also carries a property tax of over $20,000 per year.

Good luck buying a home here if you can't come up with a down payment of at least 40%, and then face a bidding war that pushes it even higher.  Not many people are selling in this market in my area, so the low supply has driven up the price and pretty much locked the middle class out of the market with such inflationary new costs.

Inflation at its worst...
 

R.Suave » 20 Jan 2024, 10:28 am » wrote: ↑

20 Jan 2024, 10:28 am

Answer the question, Hole..

Why did you use quotation marks?

People may qualify for a 3000 sq ft, 5 floor duplex.  What is that sq per floor?

Huey » 20 Jan 2024, 12:20 pm » wrote: ↑

20 Jan 2024, 12:20 pm

People may qualify for a 3000 sq ft, 5 floor duplex.  What is that sq per floor?

More than a certain house in Lilliput Circle...

And hotter than a pistol.