For the third time in four months, the National Association of Realtors Pending Home Sales Index has dropped. And while the index, for which 100 denotes an average level of activity, now measures 106.9, which is 2.7 percent higher versus the same time last year, the year-over-year gains have been on the decline and November’s was smallest in over a year. The index dropped 0.9 percent from October.
The Pending Home Sales index for the West dropped 5.5 percent in November to 100.4, which is 4.5 percent higher than at the same time last year versus 10.4 percent higher on a year-over-year basis in October.
Anecdotally, flipper commercials (“you’ll make millyuns here in your local area using my unique, proprietary flipper system”) are rampant on the radio these days. Seems like 2007..
Excuse my French but who the f*ck can afford anything in SF anymore?
The people living in SF?
I remember hearing a lot about “mortgage-poor” in 1998.