"The entire country is facing a surge in stale inventory. Over half (54.5 percent) of home listings last month stayed on the market for 60 days or longer without going under the contract"the highest share for any November since 2019"
#23 | Posted by lfthndthrds
Wow!
So this is the fault of mortgage rates like you claim?
And it hasn't happened since November 2019 when mortgage rates were ... 3.7%.
And mortgage rates have been going down for the last 2 years...
Your math isn't adding up.
Fact Check: Current inventory nationwide is STILL lower than normal pre-pandemic levels.
Except Florida is really struggling right now. Florida home prices are up 1%, sales are down 8%, and inventory is up 22% compared to last year.
Won't that just drive people further into debt to qualify for more loans?
#5 | Posted by BillJohnson
Remember when credit scores weren't a thing?