Welcome • User Guide
ToS • Privacy • Canary
Donate • Bugs • License

©2025 Poal.co

930

From the post:

>U.S. home prices hit another record high in June, even as buyers backed out of deals and stood on the sidelines. This should be the busiest time of year, but the housing market remains frozen in place and sales are down. Last month, sales of existing homes dropped by 2.7 percent from the previous month, while the median home price, at $435,300, hit a record high for the month of June, according to the National Association of Realtors.

From the post: >>U.S. home prices hit another record high in June, even as buyers backed out of deals and stood on the sidelines. This should be the busiest time of year, but the housing market remains frozen in place and sales are down. Last month, sales of existing homes dropped by 2.7 percent from the previous month, while the median home price, at $435,300, hit a record high for the month of June, according to the National Association of Realtors.
You are currently inside a comment thread.
Click here to see all the comments (5).
[–] • 1 pt

This is honestly mostly not sellers fault but our (((usuary usual suspects))).

Most family homes that hit the market are from folks that have moving jobs, growing familes and etc, who have only been in their home a handful of years. Not someone selling with a paid off mortgage.

Many if not most of these type people got in in their home during skyrocketing prices. And v aren't looking to ride off into the sunset in a retirement home, but just move to another family home themselves.

So when they owe so much from inflated prices, they say, "I can't take less than I paid or I'll never get in another house... in fact with interest rates being so much higher than they were when i got in this house, I need more than I paid."

It's just a totally broken system. Until the system is just fine away with there's not much that can be done to rectify this.