Housing Market MIA: Is This America's Last Stand?

They Drew First Blood... But the Market Bled Out!

Alright listen up. This ain't no Green Beret operation but the housing market's got its own kind of war going on. Sales of used homes? Down 0.5% in April. Four million units sold? Pathetic. That's like bringing a knife to a gunfight. Lowest April since '09. 'To survive a war you gotta become war.' Well this market's looking like it's trying to surrender.

Pent Up Demand: It's a Long Road

Some egghead named Lawrence Yun says 'Home sales have been at 75% of normal.' Seventy five percent? That's like saying I only blew up *most* of the jungle! He's babbling about pent up demand. Listen buddy demand ain't gonna do squat if people are too scared to pull the trigger. 'Live for nothing or die for something.' Right now they're just trying to survive.

Inventory: The Jungle Just Got Crowded

Inventory's jumped 9% in a month 21% higher than last year. One point forty five million homes for sale! It's a jungle out there packed with more houses than Charlie had tunnels. Four point four month supply? Highest in five years but still not balanced. Looks like the market's saying 'Don't push it!'. But hey I'm pushing it and so is the free market or trying to anyway...

Prices: Even Rambo Can't Afford This!

The median price is $414,000. $414,000?! I could buy a whole lotta rocket launchers for that kind of dough! Up only 1.8% year over year. Slowest appreciation since July 2023. Even prices are feeling the pain. 'They're closing in.' Yeah on my wallet! The South and West regions are seeing prices fall? Good. Maybe someone's finally getting smart.

Negotiate or Die: The Rambo School of Home Buying

Homes are sitting on the market for 29 days. Not bad but still longer than last year. Yun says it's a 'mild seller's market' and buyers can 'negotiate for better deals.' Negotiate? That's my middle name! Go in there look 'em in the eye and make 'em an offer they can't refuse. 'Nothing is over!' Especially not a good deal.

Cancellation Rates: Even First Timers Are Bailing!

Cancellation rates are up to 7%. Seven percent! People are pulling out faster than I can reload my M60! And the expensive houses are selling better than the cheap ones. Something doesn't add up. That Yun guy blaming the stock market. Excuses excuses! The only thing that matters is survival. 'They were expendable.' Looks like some home buyers are learning that the hard way.