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PSPS

(15,338 posts)

7. Yes, that is the largest factor. Interest rates don't matter when there's no available inventory to begin with.

Reply to LiberalFighter (Reply #1)

Thu Dec 28, 2023, 02:19 PM

Dec 2023

Just two years ago, 80% of home sales were to "investors."

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US pending home sales stuck at 22-year low despite dip in rates [View all] mahatmakanejeeves Dec 2023 OP

I'm wondering if the scumbag companies that buy up homes are an issue with this? LiberalFighter Dec 2023 #1

Yes, that is the largest factor. Interest rates don't matter when there's no available inventory to begin with. PSPS Dec 2023 #7

In the past I've gotten lots of calls to buy my home. I lots of mail wanting it too. LiberalFighter Dec 2023 #8

Yeah, everyone gets those calls and letters. I get them at least weekly. PSPS Dec 2023 #9

Surely no one is surprised by this; as the median home price is $431K EarthFirst Dec 2023 #2

Haven't seem home prices cool or drop in response to this stall. sybylla Dec 2023 #3

Mortgage rates are trending down but are still too high-- need to be under 6% andym Dec 2023 #4

Actually, the higher interest rate should make for a more robust market -- more bargaining room PSPS Dec 2023 #11

Actually Blackrock is much less of a problem for the inventory than the high interest rates and low construction andym Dec 2023 #12

Investor real estate is the key. They hijacked market pricing years ago and are holding the market hostage. Ford_Prefect Dec 2023 #5

More reasons that noted here: a major factor is the inventory available. Fewer houses avail: higher prices, more demand. TeamProg Dec 2023 #6

No homes for sale in my neighborhood pfitz59 Dec 2023 #10

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