1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

US January Pending Home Sales Drop 7.7%

Discussion in 'Economics and Financials' started by joeydolfan, Mar 3, 2009.

  1. joeydolfan

    joeydolfan Season Ticket Holder Club Member

    5,166
    2,597
    113
    Apr 26, 2008
    Ft. Worth
    http://www.cnbc.com/id/29485224
     
  2. Stitches

    Stitches ThePhin's Biggest Killjoy Luxury Box

    48,074
    23,385
    113
    Nov 23, 2007
    Katy, TX
    Are people really not trying to buy or just not qualifying to buy?

    Because it appears to be a great time to buy IMO.
     
  3. jdang307

    jdang307 Season Ticket Holder Club Member

    39,161
    21,798
    113
    Nov 29, 2007
    San Diego
    People are afraid. If you don't have confidence in your job, you're not going to buy.

    It's a better time to buy than it was before, but lets say 2009 really is a crappy year for the economy. Housing may be cheaper on 12/31/2009 than it is today, and they might have a better idea of their job situation.

    Me and the lady are looking right now, just put an offer in last week. But prices on non-distressed properties in nice areas are still expensive here in San Diego. Houses we actually like, and non-distressed, are going for $600k-700k still (house we looked at was $575k-625k)
     
  4. Stitches

    Stitches ThePhin's Biggest Killjoy Luxury Box

    48,074
    23,385
    113
    Nov 23, 2007
    Katy, TX
    Eeeeeeek!

    I thought my house was pretty cheap, but I could not even imagine that house payment.
     
  5. DonShula84

    DonShula84 Moderator Luxury Box

    9,311
    3,464
    0
    Jan 3, 2008
    That isnt even an expensive house in So Cal.

    I think I need to move lol :pity:
     
  6. Stitches

    Stitches ThePhin's Biggest Killjoy Luxury Box

    48,074
    23,385
    113
    Nov 23, 2007
    Katy, TX
    That would be anywhere from 3-4 of my houses. :lol:
     

Share This Page