BREAKING: There are now a record 312,000 new homes for sale in the Southern US states. This is 21,00

[human1234]

BREAKING: There are now a record 312,000 new homes for sale in the Southern US states. This is 21,000 higher than the August 2006 peak, just before the housing market crash.

 

The number of new houses for sale in the South was almost half of what it is now during the 2020 pandemic.  

   

Meanwhile, new homes for sale in the West have risen by 40,000 over the last 5 years, to 111,000, near the highest level since 2008.  

   

New home inventory in the Northeast and Midwest is also near cycle highs, but remains well below 2006 housing bubble levels.  

   

How much longer can this housing market run last?

 

https://www.reddit.com/r/HouseBuyers/s/UoFeNJU1OL

[human1234]

 

 

@Sonu_Patel

[Sixers]

2006 tho comparison endi anna. Appatlo population thakkuva kada. Janalu vipareethanga perigipoyaru.

[Redarya]

42 minutes ago, human1234 said:

BREAKING: There are now a record 312,000 new homes for sale in the Southern US states. This is 21,000 higher than the August 2006 peak, just before the housing market crash.

 

The number of new houses for sale in the South was almost half of what it is now during the 2020 pandemic.  

   

Meanwhile, new homes for sale in the West have risen by 40,000 over the last 5 years, to 111,000, near the highest level since 2008.  

   

New home inventory in the Northeast and Midwest is also near cycle highs, but remains well below 2006 housing bubble levels.  

   

How much longer can this housing market run last?

 

https://www.reddit.com/r/HouseBuyers/s/UoFeNJU1OL

 

41 minutes ago, human1234 said:

 

 

@Sonu_Patel

What people don’t understand is economy is immune to housing market. Unlike 2007 when market was dominated by financial and energy this time it is all cash rich tech companies. There was home over bought condition from 2020 to 2023 and now normalizing 

[ErraBook_monagadu]

Buying a home has become increasingly pricey in the past few years. Now, Zillow has put a staggering number to those higher costs: America’s housing market has climbed 57% since 2020, to a record $55 trillion.

That means that in just five years, the US housing market’s value has climbed $20 trillion, according to data from the real estate company released Monday.

[ErraBook_monagadu]

Welcome to asset bubble circus

[yslokesh]

3 hours ago, Sixers said:

2006 tho comparison endi anna. Appatlo population thakkuva kada. Janalu vipareethanga perigipoyaru.

 

3 hours ago, Redarya said:

 

What people don’t understand is economy is immune to housing market. Unlike 2007 when market was dominated by financial and energy this time it is all cash rich tech companies. There was home over bought condition from 2020 to 2023 and now normalizing 

No, just because you (probably) became GC citizens and love US more than your native country, it does not mean everything is alright.

Yes the population increased but the population now have more problems than they would have in 2006-8.

The economy might be immune to housing market unlike in 2008 but remember the Tech sector is even more vulnerable than housing market. The tech sector itself is in decline.

So only problems will be persisting

[megadheera]

Next rate cut tho Sagam inventory kaali aipothadani db gatti nammakam