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FHFA Reports Home Prices Rose At Fastest Pace In 30 Months
Despite weaker home sales, tumbling homebuilder confidence, and fading median home prices according to NAR, FHFA reports home prices in America rose 0.8% in September. Doubling expectations of a 0.4% rise, this is the biggest MoM price increase since March 2013's peak.
Everything is awesome then?
Charts: Bloomberg
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SWEET. even more unaffordable.
We have unaffordable homes.
we have unaffordable healthcare.
we have unaffordable food.
we have unaffordable vehicles.
what's next? Clothes? Will my chinese clothes cost too much next year? Shoot the fucking FED
This one's affordable and it just went down in price. Get in a down payment now.
http://www.zillow.com/homedetails/5123-Lotus-St-San-Diego-CA-92107/16960...
BUT it has a second rental suite in the back yard. It should get the owner at least $1000/month, right?
fuck it, why work? i am buying me a vacation home. party on bitchezzzz it wont' be to long now
@madcows
"what's next? Clothes?"
How about potable water? All these immigrants need water, food, housing, jobs and guess who they will compete with?
"Overpopulation in the United States will become THE single greatest issue facing Americans in the 21st century. We either solve it proactively or nature will solve it brutally for us via water shortages, energy crisis, air pollution, gridlock, species extinction and worse.
U.S. population will double from 300 million to 600 million on its way to 1 billion in the lifetime of a child born today if we fail to change course."
Frosty Wooldridge 2000
90% of US Naturalizations from 3rd World
The NRA will fall. It’s inevitable. Just look at the demographics. The Washington Post, October 19, 2015
by Adam Winkler professor at UCLA School of Law
the fhfa doesn't know their ass from a hole in the ground. there are over a quarter of a million houses listed on zillow in florida alone. if prices are rising why would people sell? if prices are rising why haven't the listings sold?
Probably half a million which should be listed in Florida, but the realtors and banks continue to hide the zombie/abandoned properties.
Fuckin' charade.
+1 the shadow inventory is HUGE
Shadow inventory still over 13 million I read. As long as the banks continue to get free money from the fed there is no incentive to unload or even encourage people to pay their mortgages.
When does the rioting begin?
What time does the revolt start? I'm not available during Black Friday shopping hours...but before or after will be fine. I suppose I could riot and shop on Friday...
S/
This is the worst since Lehman... oh wait, I mean the worst since 2013.. oh wait
because the wreckovery
graphs, charts don't matter. There is only print and propaganda.
https://www.youtube.com/watch?v=9cQgQIMlwWw
Fuck, yeah!
Sure they didn't.
The beatings will continue until the sheep wake the fuck up and smell the thievery.
For a couple of years I have been looking for some mountain land in NC. A few months back, I came across a great listing in the location I wanted. This parcel was on the boards for 358 days! Made my offer to wit the seller countered and I didn't budge. They sold at my desired price. 10K under their listing. Moral of the story? Even land is in the tank. We are taken (in our faces) for fools. Those in the ivory towers are much smarter than us pitiful ZH'ers. /s
Happy Thanksgiving.
Did a used Banjo come with the property?????
nah, that's only west virginia.
NC property comes with chewing tabacco though. A month's supply of dip with every purchase... brought to you by Larry Yun. Try Larry Yun Chewing tobacco brand. It's the best!
I bet that 30% of the housing markets is foreigners buying with their dirty money....and it skews the numbers...
Home in Lafayette LA
Been watching 1 particular for sale since May
New construction 2200 Sq ft for 435k
No reductions till last week and bam. 30k cut
Gready mother fuckers 30k like that
Builder must have wanted to hit a Homer
Now when they chop another 100k it might sell cause it isn't worth that much
Stupid sheep
Which tells me we're witnessing a replay of '08, in certain markets.
We lived in Columbia, SC, at the time. Overpriced shit post-war houses with two-prong electrical outlets and aluminum wiring (!) were going for upwards of $175K to $250K, depending on which schools were close by, and whether ot not the house was near a pond or whatever.
Remember the recent floods? Yeah, right there. We lived on the high ground back then, in our $150K updated ranch. Fuckin' suckers who paid all that money for shit houses before the downturn are now recovering from that flood, and some of the rich people in the newer housing got it the worst. The post-war homes were selling for what I'd perceive to be at least 30% over their true value, before the downturn, and still are overpriced.
In nearby Lexington County, a local news station ran a story at 6 o'clock back in late '08, showing a neighborhood of homes which had sold in the $350K-$400K range before the shit storm hit in real estate. The builder was having a difficult time moving the houses, so they were offering the houses for at least $50K less than they had 6 months previous. You should have seen the sheeple in that neighborhood bitch, it was comedy gold.
Boobus Americanus, folks. I got talked into buying a set of struts for my '87 Plymouth years ago as a kid right out of HS, and vowed to never get hosed on a financial transaction ever again. Boobus Americanus keep getting fucked, over and over, again, and it's like they keep begging for more fucking right up the keister.
RE is local is right! Check out houses in Ohio, Indiana, Missouri, etc anywhere in middle America and it's a rude awakening to people who think house prices only go up. Middle Class and lower class Americans are dead men walking there---Broke Donkeys. I guess the Chinese, Russian, Nigerian, etc money launderers don't want to move those places.
Vancouver, Anywhere in Cali, Seattle, and NYC are their choices looks like. Montreal and Toronto seems to be reserved for Muslim money launderers a Paki told me in the convenience store the other day. Probably where bankers and realtors look the other way when all that undocumented cash floods their way.
@Never One Roach
Give it time, the USSA is scheduled to have ONE BILLION "Americans" (sic) by end of this century.
And the poor whites who believed what the media told them, what schools told them, what their CHURCHES told them, well they will have a HARD ROAD ahead...
Teach For America Pledges to Recruit More Latino Teachers by Griselda Nevarez, NBC News Oct 22 2015
Nothing but "Flipper's Mistakes" on the market by me. You think you're getting a good deal until you realize it's just a Crap Shack Money Pit with endless repairs. People moving in from out of state get burned the worst.
Damn straight.
Can't polish a turd. Worse, most people are not willing to put in the sweat equity required to then try and fix what's messed up.
I think a lot of people watch that HGTV bullshit and actually believe what they see and hear.
But there is NO inflation???
In what cities, NY, Chicago, San Francisco, LA? Great to see the prices out of thge reach of more Americans.
Noise. Just noise.
The prices here have risen and sales are at pre-recession rates.
Of course there has been a surge of immigrants from Mexico and Asia here and liberal upscale whites fleeing the cities they helped to create.
Immigration affects EVERYTHING, and all for ill.
Down 9% in 8 years, that is Demographic Collapse
White Christians No Longer a Majority
Nick Gass, Politico, November 23, 2015
More than 160 Asian-American Groups File Briefs in Support of Affirmative Action
Emil Guillermo, NBC News, November 3, 2015
More than 160 Asian American and Pacific Islander groups have filed amicus briefs calling for the U.S. Supreme Court to uphold affirmative action policies at the University of Texas at Austin.
In the First Majority-Muslim U.S. City, Residents Tense About Its Future Sarah Pulliam Bailey, Washington Post, November 21, 2015
Steady stream of refugees now using Latin America route to USA
Michigan's immigrant population reaches 636,569
High school cheerleader banned for season after tweet on illegal immigration
CUBAN REFUGEES USE FACEBOOK, SMARTPHONES TO STORM INTO AMERICA
Ted Kennedy is not responsible for the Immigration Act of 1965 by Kevin MacDonald PhD
THis is just sales in really crappy markets finally catching up to the hot markets, which are already starting to turn sour.
Get your stories straight. WTF.