Platinum Contributing Member steve from amherst Posted December 21, 2019 Platinum Contributing Member Share Posted December 21, 2019 U.S. homebuilding rebounded in October and permits for future home construction jumped to a more than 12-year high. The data pointed to strength in the housing market amid lower mortgage rates. Housing starts increased 3.8% to 1.314 million units last month, with single-family construction rising for a fifth straight month and activity in the volatile multi-family sector rebounding solidly, the Commerce Department said. 1 Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Jimmy Snacks Posted December 21, 2019 Platinum Contributing Member Share Posted December 21, 2019 Good news for sure. Quote Link to comment Share on other sites More sharing options...
Mainecat Posted December 21, 2019 Share Posted December 21, 2019 Home prices here are nuts. Maybe I can pick up a deal at an auction next year. every decade has it’s crash. Quote Link to comment Share on other sites More sharing options...
Rod Posted December 21, 2019 Share Posted December 21, 2019 Wonder if it’s fueled by stupid and greedy mortgage writers like last time Quote Link to comment Share on other sites More sharing options...
teamgreen02 Posted December 21, 2019 Share Posted December 21, 2019 3 hours ago, Tickle Shits said: Wonder if it’s fueled by stupid and greedy mortgage writers like last time Low interest rates help. Rates were supposed to be at their lowest levels, they crept up, and are now back down again. 30 year is 3.75% again. Quote Link to comment Share on other sites More sharing options...
Ez ryder Posted December 21, 2019 Share Posted December 21, 2019 4 hours ago, Mainecat said: Home prices here are nuts. Maybe I can pick up a deal at an auction next year. every decade has it’s crash. so you still think the D,s are a win ha . Quote Link to comment Share on other sites More sharing options...
Snake Posted December 21, 2019 Share Posted December 21, 2019 People can show more income on paper, and the average credit score is at I think an all time high of like 716. That don't hurt. Until... Quote Link to comment Share on other sites More sharing options...
Mainecat Posted December 22, 2019 Share Posted December 22, 2019 54 minutes ago, Ez ryder said: so you still think the D,s are a win ha . Economic history always repeats itself. Even you know this. Quote Link to comment Share on other sites More sharing options...
Ez ryder Posted December 22, 2019 Share Posted December 22, 2019 1 hour ago, Mainecat said: Economic history always repeats itself. Even you know this. typically brought on by uncertainty like a big political change . that change is not going to happen for a few yrs Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted December 22, 2019 Share Posted December 22, 2019 Residential real estate is just one part of real estate. Commercial, retail, rentals will have little fallout to what happens to the residential market. I would thread carefully on residential, that said apartment rentals are expected to increase another 8% in 2020. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member steve from amherst Posted December 22, 2019 Author Platinum Contributing Member Share Posted December 22, 2019 18 hours ago, Mainecat said: Home prices here are nuts. Maybe I can pick up a deal at an auction next year. every decade has it’s crash. Yes it does. IM planning on grabbing my retirement home during the next one. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member steve from amherst Posted December 22, 2019 Author Platinum Contributing Member Share Posted December 22, 2019 11 hours ago, Ez ryder said: typically brought on by uncertainty like a big political change . that change is not going to happen for a few yrs Actually it brought on by high energy costs. An overinflated housing market and the irresponsible spending habits of 30 % of Americans. Quote Link to comment Share on other sites More sharing options...
Mainecat Posted December 22, 2019 Share Posted December 22, 2019 18 hours ago, Snake said: People can show more income on paper, and the average credit score is at I think an all time high of like 716. That don't hurt. Until... Who controls the credit rating companies? Quote Link to comment Share on other sites More sharing options...
Zambroski Posted December 22, 2019 Share Posted December 22, 2019 3 minutes ago, Mainecat said: Who controls the credit rating companies? LOL...NOBODY ANSWER THIS!!!!!! MC..the floor is yours....Who? Quote Link to comment Share on other sites More sharing options...
Rod Posted December 22, 2019 Share Posted December 22, 2019 53 minutes ago, Mainecat said: Who controls the credit rating companies? The Russians? Quote Link to comment Share on other sites More sharing options...
Sleepr2 Posted December 22, 2019 Share Posted December 22, 2019 1 hour ago, Zambroski said: LOL...NOBODY ANSWER THIS!!!!!! MC..the floor is yours....Who? McLiar with more of his “leading “ questions. Quote Link to comment Share on other sites More sharing options...
Angry ginger Posted December 22, 2019 Share Posted December 22, 2019 On 12/21/2019 at 2:23 PM, Tickle Shits said: Wonder if it’s fueled by stupid and greedy mortgage writers like last time unfortunatley not, i'd like to take better advantage if we get into a situation like we had in the early 00's again to rape and pillage since there is no consequence for immoral behavior. Quote Link to comment Share on other sites More sharing options...
snoughnut Posted December 22, 2019 Share Posted December 22, 2019 24 minutes ago, Angry ginger said: unfortunatley not, i'd like to take better advantage if we get into a situation like we had in the early 00's again to rape and pillage since there is no consequence for immoral behavior. Besides that, gingers have no shame. SMH Actually there is consequence, the taxpayers just end up getting hosed........Go TARP!!! Quote Link to comment Share on other sites More sharing options...
DriftBusta Posted December 22, 2019 Share Posted December 22, 2019 16 minutes ago, snoughnut said: Besides that, gingers have no shame. SMH Actually there is consequence, the taxpayers just end up getting hosed........Go TARP!!! Good read. 1 Quote Link to comment Share on other sites More sharing options...
racer254 Posted December 23, 2019 Share Posted December 23, 2019 8 hours ago, Zambroski said: LOL...NOBODY ANSWER THIS!!!!!! MC..the floor is yours....Who? 8 hours and he won't answer. Quote Link to comment Share on other sites More sharing options...
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