Yesterday we saw that the number of new NSDCC listings this month was well under previous Januarys, which could impact sales. When sales go down, we usually think it’s a precursor to prices falling, but sales could decline just because there aren’t enough houses to sell.
Can we make assumptions about who is selling, and who isn’t?
It is easy to not sell, and stay on the sidelines. You can avoid spending big money on home improvements, closing costs, and new furniture, and you don’t have to sort through your junk, which is a big plus.
It has to mean that the lower-motivated, casual sellers are the ones who aren’t listing their houses for sale, which is great. It is better for everyone in the market to only have to deal with those who really want and need to sell.
What it should mean is that sales will keep up.
NSDCC January Sales
| Year | ||||
| 2013 | ||||
| 2014 | ||||
| 2015 | ||||
| 2016 | ||||
| 2017 |
Last year we had 14 sales on the last business day of the month, and if we add another 10% for late-reporters, we are going to surpass the 168 sales we had last January. This is the first group of buyers to be hit by the abrupt rate increase, and yet they kept buying.
There is one more business day this year, compared to 2016. But just to be in the same ballpark as last year is fantastic, given rates are about 3/8% higher than last January, and the Trumpinator is providing major distractions.
It’s getting a little dicey for me. Yesterday, I went to Walgreen’s to ask if they had any “Win Pills.” Told the pharmacist my pulse rate is above the average for my age due to overwinning. I’m an ordinary man. I can’t keep winning every single day. He said I have to tough it out, and stop watching the news.
Today, I peeked and noticed a very orderly selloff of an overextended stock market. That’s what I get for peeking!
When our President said we’d get sick of winning, I thought he was joking.
It’s wan’t a joke, I tell you! It wasn’t a joke!!
An 8% approval rating, and you are talking about winning. He has been at the “helm” for 8 days, good grief. Count your blessings.
“An 8% approval rating, and you are talking about winning. He has been at the “helm” for 8 days, good grief. Count your blessings.”
I think most discerning persons, myself included, will give your shared stat without citations all the consideration that is due for a stat without citations.
But thanks for at least trying to help me. I did feel a little less winning for a quarter of a nanosecond, which is better than nothing.
Unfortunately for me, I tried to google “Trump 8%” and this is the hell article that came up:
http://townhall.com/columnists/lizcrokin/2017/01/09/8-ways-trumps-already-made-america-great-again-n2268695
Update 8 days not 8% to reach a disapproval rating
http://www.forbes.com/sites/niallmccarthy/2017/01/30/it-took-trump-a-record-8-days-to-reach-majority-disapproval-infographic/#79946f621d76
and people wonder why…Mortgage apps down 3.2% already.
https://www.yahoo.com/news/m/eda8d918-0707-3920-9ce8-2bfc1f7b22d7/trump%E2%80%99s-first-housing-move.html
Daytrip, you sound like a real gem of a guy. Nothing classier than bragging about how much winning your doing. You humor doesn’t come off as funny at all to me, more so condescending.