Housing Analysis

[Liar Loan]

Move along folks... Nothing to see here.

Housing market stalls as homeowners struggle to sell: ‘We’re really bleeding’​

The pace of home sales was the slowest for the month of March since 2009, during the depths of the global financial crisis

Chet Gallaway has had his Bay Area home on the market for eight months.

But he didn’t expect it to be so difficult — or this slow. “I personally expected it to sell very quickly,” Gallaway, who has joint ownership of the home with his father, told MarketWatch.

Not getting any worthwhile bites, he dropped the price from $3.5 million to $3 million. Still he was getting what he considered to be lowball offers. With the uncertainty surrounding the Trump administration’s economic policies, “I think people are just less willing to plunk down millions of dollars for a property,” he added.

https://www.marketwatch.com/story/housing-market-stalls-as-homeowners-struggle-to-sell-e8680067

 

[test]

Still he was getting what he considered to be lowball offers.

In other words, he has an unrealistic asking price.

 

[Liar Loan]

In other words, he has an unrealistic asking price.

Yes, and that's fairly typical in a housing downturn.

 

[OCtoSV]

Yes, and that's fairly typical in a housing downturn.

San Carlos is prime mid-peninsula - killer art and wine festival every year. $3M seems like an avg price there when the avg 2 earner household brings home close to $1M/yr. Something doesn’t add up - may be a location issue.

 

[Liar Loan]

As incredible as it sounds, an oversupply of housing will take shape over the next decade. Too many boomers will need to liquidate, and not enough young people will be reaching home buying age to replace them as owners. On the plus side, wages should rise due to labor shortages making housing more affordable for everyone.

The number of 18-year-olds is about to drop sharply, packing a wallop for colleges—and the economy​

This so-called demographic cliff has been predicted ever since Americans started having fewer babies at the advent of the Great Recession around the end of 2007—a falling birth rate that has not recovered since, except for a slight blip after the COVID-19 pandemic, according to the Centers for Disease Control.

Demographers say it will finally arrive in the fall of this year, The Hechinger Report says. That's when recruiting offices will begin to confront the long-anticipated drop-off in the number of applicants from among the next class of high school seniors.

"The impact of this is economic decline," Jeff Strohl, director of the Georgetown University Center on Education and the Workforce, said bluntly.

The number of 18-year-olds is about to drop sharply, packing a wallop for colleges—and the economy

The Hechinger Report reports on how America is about to go over the "demographic cliff."

www.yahoo.com