Slow Down?

[mp2277]

My business hit slow in November now I'd say it's dead. Hoping for an upturn SOON! You're not alone

 

[ucbruin]

My business hit slow in November now I'd say it's dead. Hoping for an upturn SOON! You're not alone

Perhaps your distinction between slow vs dead is the best illustration of what some of us are attempting to get across as to why we feel this end of year seasonal slow down is different....

 

[J Grant]

https://www.cnbc.com/2018/10/24/num...ike-hitting-housing-harder-than-expected.html

 

[J Grant]

https://www.businessinsider.com/tru...dent-at-the-start-of-great-depression-2018-12

Trump is begging, pressuring, whatever he can to get the Fed to lower rates. Why would that be the case if he felt "his" economy was so strong it could withstand the current rates ? He knows it is a fragile level of "strength", an uptick of hiring after tax cuts that added 1.5 trillion to the deficits. Wall St reflects it....a massive slow down in the housing market, which all but the deluded recognize is occurring, can pull down the rest of the economy with it, wiping out any economic gains.

It's not just appraisers and loan officers and RE agents, losing income, it;s builders and contractors and anybody in the food chain of RE. If buyers paid high they see their equity being wiped out , ditto for owners who refinanced by borrowing high ltv% due to prices..If owners whether because of a high purchase price of over leveraged in HELOC or refi end up under water, we saw the ripple effect the last time that happened. I am no Trump fan but he is correct about this one, the fed needs to lower the rates, will they or not in the spring...they are resistant so far, which is dragging down confidence.

 

[BRCJR]

So the RE market imploding /slowing is due to OBAMA , who is out of office for 2 years,..not the current president TRUMP, who has been in office the last 2 years? It's not a " stronger Trump economy", if it were we would not be experiencing this massive slow down and other flagging indicators.

This slowing housing market and jittery economy is direct result of the Trump's admin policies. The hypocrisy is incredible...the RW mantra is "take responsibility!"...only none of you ever do.
You'll take credit for a success , but as soon as there is a problem you shirk responsibly and blame Obama (or somebody)

Why did Obama blame Bush for so long?

 

[J Grant]

Why did Obama blame Bush for so long?

Obama was very measured in his statements...but Bush deserved full blame for the economic and housing market collapse that his admin's policies led to. Obama inherited an economy on the bink of collapse, so any "blaming" was appropriate. Trump inherited a recovered and strengthening economy, so any "blame" for Obama for Trumps' failures or faltering policies is funny.

 

[ICT RE]

The US debt (not the y/y budget deficit) started its move upward under Reagan and Bush I, went slightly up then down under Clinton (only modern POTUS who can say that), started up again under Bush II, and then hit hyperdrive under Obama. Still too early to link Trump’s debt addition to either the Reagan/BushGW/BushW or Obama model, but it sure as heck isn’t going down like Clinton.

Both parties are perfectly happy to continue to drive our country off of an economic cliff because of their respective sacred cows, but like the Grim Reaper you can be guaranteed it’s eventually coming for us, short of a major bipartisan come-to-Jesus moment.

 

[Carnivore]

We are a debtor nation because of several things. Trade Imbalance, foreign aide and being the Worlds Policeman! We have other areas where we spent vast amounts of money on, but that is internal which I am not focusing on because its the least of our problems with spending.

I will give Obama Credit for an improving economy. There is no denying that. He was hamstrung by the Bush Family. If you don't think Trump deserves any credit, then the best you could say is this:

but it for Trump, Obama's improving economy would be even better than it is now! To arrive at that conclusion you have to Blame Trump for screwing it up.

Let's take it a step further. If Hillary had won..the unemployment would be much lower than it is now, wages would be even higher than they are now, All 100% of Black people would have a great job. More Industry would have returned to the US. Taxes would have remained the same since Obama.

AND Oprah would have gave everyone a new car at Christmas.

 

[Joe Flacco]

I think housing market is going to be good in 2019. 30 year fixed headed towards 4.0% plus more supply than there has been in a while in some markets. I think market absorbs all of the increased supply this spring / summer.

 

[J Grant]

30 year fixed headed towards 4.0% plus

Where did you get that from? I hope your forecast is right!