[lvmensch]

Originally Posted by ToolAcademy

Because you choose to keep your head in the sand and look at irrelevant statistics which fit your worldview.

https://www.barrons.com/articles/nah...us-51586966126

"home builders’ perceptions of the market for single-family homes, dropped 58% to 30 in April from 72 in March, the greatest monthly percentage drop in the history of the index"

I think I will believe a national survey of home builders, rather than a guy who spends most of his day posting nonsense online.

That is simply a different marketplace. We do conventional resales. Many with mature clients. Last sold a new build 6 or 7 years ago.

And their market is quite different. Among other things they charge a large premium over a similar resale.

So yes the builders may be having trouble. But so far it has not extended to resales.

Everyone expects it will but not so far.

And I am spending far too much time on the computer but I am in the highest risk group and even have a couple of the known compounding problems. But I am a proficient programmer and web designer so I am off working up a whole new set of things there.

[Willy702]

Why give a rude troll the time of day? As usual some people are pissed the marketplace isn't acting the way it is supposed to according to their logic.

[ToolAcademy]

Originally Posted by lvmensch

That is simply a different marketplace. We do conventional resales. Many with mature clients.

I will grant you, there will always be some retirees from Buffalo or Wisconsin or Boise who choose to move to sunny Las Vegas or Phoenix, and yes, their social security, and possibly pension, is locked in. These people just want a house ASAP and will pay whatever the market price currently is, no concerns about losing income due to COVID-19. If that is your client base, congratulations.

Unfortunately most of Las Vegas homebuyers are working people who aren't in this group, and aren't immune to the economic impact of the current shutdown.

Originally Posted by lvmensch

I am spending far too much time on the computer but I am in the highest risk group

Nobody wants you to risk your health or wishes you ill... but let's be honest, you've been posting regularly on these forums for at least a decade prior to coronavirus.

[lvmensch]

Originally Posted by ToolAcademy

I will grant you, there will always be some retirees from Buffalo or Wisconsin or Boise who choose to move to sunny Las Vegas or Phoenix, and yes, their social security, and possibly pension, is locked in. These people just want a house ASAP and will pay whatever the market price currently is, no concerns about losing income due to COVID-19. If that is your client base, congratulations.

Unfortunately most of Las Vegas homebuyers are working people who aren't in this group, and aren't immune to the economic impact of the current shutdown.





Nobody wants you to risk your health or wishes you ill... but let's be honest, you've been posting regularly on these forums for at least a decade prior to coronavirus.

Yes I have been on here since its earliest days. Even got free shoes or such way back when.

However I am on here 3 or 4 times as much at the moment. Simply use it as a relief when I get tired of building spread sheets or web pages.

I would rather go to the office or such...but not possible at this point. Maybe in a couple of weeks.

[08grad]

Originally Posted by ToolAcademy

I will grant you, there will always be some retirees from Buffalo or Wisconsin or Boise who choose to move to sunny Las Vegas or Phoenix, and yes, their social security, and possibly pension, is locked in. These people just want a house ASAP and will pay whatever the market price currently is, no concerns about losing income due to COVID-19. If that is your client base, congratulations.

Unfortunately most of Las Vegas homebuyers are working people who aren't in this group, and aren't immune to the economic impact of the current shutdown.

I don't buy this. I looked up the property records of the homes that sold in my neighborhood the last 3 months. The average age was 52. There was no one between 35 and 50 years old who bought in the neighborhood. Retirees (over 50) outnumbered Millennials (under 35) 2:1.

Gen X has largely set down roots somewhere and isn't moving, as their kids are in school.

[OmegaSupreme]

We need a real estate prices poll. Where are the poll people?

[equid0x]

Originally Posted by 08grad

I don't buy this. I looked up the property records of the homes that sold in my neighborhood the last 3 months. The average age was 52. There was no one between 35 and 50 years old who bought in the neighborhood. Retirees (over 50) outnumbered Millennials (under 35) 2:1.

Gen X has largely set down roots somewhere and isn't moving, as their kids are in school.

The oldest Millennials are pushing 40 now.

[Katie the heartbreaker]

Originally Posted by OmegaSupreme

We need a real estate prices poll. Where are the poll people?

No way am I doing another poll on real estate. You should start one yourself if you want to see where the majority sees prices heading.

[eventusstultorummagister]

FYI...

https://www.cnbc.com/2020/04/13/coro...-one-week.html

"Requests for forbearance jumped 78% for the week ended April 5 compared with the previous week, according to the Mortgage Bankers Association"

[TxCaNv]

All of my realtor's "Price Change" listings this week averaged out around $7,500. I'm not counting the one listing that went down $500 LOL.

Normal price changes used to be $1000 or less.