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Amy Nixon
40.6K posts
Amy Nixon
@texasrunnerDFW
Housing & Economic Analyst. Based in Dallas. As seen on Fox Business and Bloomberg. Boston Marathon Qualifier. Media Inquiries: [email protected]
Dallas, TX Inscrit le Aralık 2020
392 Abonnements93.9K Abonnés
@texasrunnerDFW Make a post about ice cream, then perhaps your feed will be about ice cream. 😄
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@JulieChangRE We are deigned to chase progress and upward mobility
Most people who don’t upgrade homes still do other creative things to achieve progress like renovations and redecorating
I found I am happiest mostly leaving my home as-is and pursuing fitness goals
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Why are so many Americans unhappy with their home and always wanting something else or bigger?
Is this mass consumerism addiction?
Sean Cranston@themoviedadsc
Wife texting me another Zillow link after I've repeatedly told her to stop because our current mortgage payment is $1,570 (3.25% 30-yr rate), and the current average 30-yr mortgage rate just hit 6.3%
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@ja3k_ $3000 a year comes out to $250 a month. So if gas prices double, you’re talking about an extra $100-$200 a month
Sadly a lot of people don’t have room in their budget for an extra $100-$200 a month that cannot be cut out (they have to drive to work or wherever)
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@BitcoinPoke @WarMonkCT Yeah, the main roads were okay after 2 days but side roads were a mess for 4-5 days. Solid ice
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@WarMonkCT @texasrunnerDFW It was like an inch of pure sleet, which has a much higher water content than snow. It’s very slick and melts very slowly due to the high water content. It was on the roads for days.
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New home sales across Texas declined in February, led by big drops in Dallas and Houston
February *should* have been a much stronger print
January had horrific snow and ice that basically shut down Dallas for an entire week, and mortgage rates declined in February
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@WSJ No, the store isn’t the only winner
The parents who spend time with kids, the kids who develop teamwork skills, resilience, and also stay physically fit, the grandparents who come out on a sunny day to watch their grandchild play
Lots of winners in youth sport
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Parents have never spent more time and money on youth sports—or at Dick’s Sporting Goods. on.wsj.com/4sLkoFP
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@ZubyMusic It’s AI and engagement farming bots mostly from non-USA based accounts
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@DanDavi47038421 That data will be bad and blamed on the “war event”
At some point you have to accept it’s just a bad market
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@texasrunnerDFW Weather event. No clarity till April as March will likely pop due to delayed Feb purchases.
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@pharout73 @m3_melody And the next month’s bad print will be “the war”
At some point multiple series of weak data is just because the market is weak and it doesn’t really matter why the market is weak when new “whys” keep popping up. The weakness will continue
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🚨New Home Sales for January
About what you’d expect. Dec revised down from the fictional fairy dust narrative number.
Non-seasonally adjusted ⬇️ over 14% YoY
For the “it’s war crowd” - remember these results are for January
$ ⬇️ -6.6% YoY
9.7 months of supply
Big W <s>
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@zerohedge We had a lot of tailwinds from pandemic demand, supply constraint, money printing, sky high stock markets, etc that allowed the math to not matter for several years
Now savings are gone, supply was built, the printer is off, the stock market is shaky
The math matters again.
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@RCapitalInvest1 @zerohedge Luxury homes are the only ones selling because their buyer demographic is the only one doing well in this economy
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@zerohedge I just lost a bidding war in North Texas. 1.3 million, multiple offers in less than a week. So homes can sell if priced correctly
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@tigerroarrs @TXDad10 It was trying to be different early on.They built higher end neighborhoods using the better builders with bigger lots. The median home price is higher than Frisco
Prosper is stricter on multifamily and high density housing, but many of the new neighborhoods are too Frisco-y
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@texasrunnerDFW @TXDad10 Prosper is shadowed by big brother Frisco. It’s literally Frisco. Unfortunately it will not make its own identity
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@gregorykennedy She actually used the word, “captives”
Now they’re free in Palm Beach and she wants her prisoners back 😂
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I didn’t believe it until I saw the video. The governor of NY is begging rich people to move back to fund her social programs. So, like, I guess there are consequences to over taxation after all?
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@TXDad10 Celina will be the next Frisco
Prosper is too small, land wise. I’m not sure what it will be. Tried to be the Southlake of the North but failed on a few fronts, especially the “luxury shopping” that was supposed to be Gates of Prosper—it’s Kohls, TJ Maxx and 5 Below
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@texasrunnerDFW Yeah but infrastructure and commercial development is catching up. Prosper/Celina will be the next Frisco in the next 2-3 decades.
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@_sorrengailll The youngest looking 40-50 year olds I know had kids young and became empty nesters early
Maybe at 30 they looked older than childless 30 year olds, but they more than made up for it later
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@Yeshuareigns33 I don’t think this is the bottom
Maybe 2027
This isn’t 2008. It’s more like the early 1980s. A couple rough years with some heavy regional corrections and low sales volumes
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@texasrunnerDFW Just so happens that was the bottom of the down turn right before prices accelerated to new ATH's! For the full context of the data for those who care!
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@RogaineTrader @realmatt_re Mattamy builds in Texas
I toured one of theirs!
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@texasrunnerDFW @realmatt_re I believe this is a Canadian builder (Mattamy), but American builders probably aren't far behind
We need laws where an undercollateralized mortgage might eventually be securitized, but I'm not holding my breath
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Builders are REALLY desperate not to lower prices...
Colin Robertson@mortgagetruth
You've heard about massive mortgage rate buydowns from home builders. How about 12 months where they pay the mortgage?
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