Homeownership
Hm. This doesn’t look good.
Sales of existing homes tumbled more sharply than expected in June, pushing activity down to the lowest level in more than a decade.
With an already huge glut of homes on the market, median prices fell compared to a year ago and analysts predicted prices would keep falling until next spring as tighter credit, a slipping job market and rising foreclosures scare potential buyers away.
The National Association of Realtors reported Thursday that sales dropped by 2.6 percent last month to a seasonally adjusted annual rate of 4.86 million units, the slowest sales pace since the first quarter of 1998.
Oh, wait. That must be the reason why when I put in an offer for a significant amount under the asking price for a condo, it was accepted. The worst market in ten years is actually good news for me. I’m getting out of these lousy apartments.
Hey, folks. I’m going to be a homeowner before Rosh Hashana. A new home, a new cat, and a new year for me. Life has really picked up these last few years, and I am happy and thankful.
There will be pictures galore come September. There’s a lot more room, and Gracie and Tig are learning how to play with each other. I expect a fair amount of cat-in-sun pictures. And in front of the fireplace, come wintertime.
You know, I haven’t written a lot about my finances, other than to mention my great new job lately, but you folks have no idea how far I’ve come over the past few years. I was beyond broke four years ago. I was struggling under a mountain of debt that accrued from under- and unemployment—not from buying shiny new things—that came close to smothering me. But it didn’t. The wolf had his snout through my door, and I kicked the bastard out and sent him yelping away.
Some of my longtime readers may remember I was working three jobs, seven days a week, and struggling to pay the bills. Well, hard work paid off. My credit score is incredible, and I’m going to own my own home in just a few weeks. I don’t need no stinking government bailout.
I just moved the closing date up a week. The condo is empty, and I want the extra time to move out of my apartment.
I can’t wait.

July 25th, 2008 at 11:02 pm
Cograts and good luck
July 26th, 2008 at 3:40 am
Felicitations!
July 26th, 2008 at 2:22 pm
Congratulations! I can’t wait to see pics of you and the kitties in your new place.
July 26th, 2008 at 4:40 pm
Good to hear about your progress. I’m not too concerned about the housing market “the worst in 10 years” just means the worst since 1998, and it’s not like 1998 was some kind of horrible year. It’s all relative.
July 26th, 2008 at 5:31 pm
Congratulations, you’ll all be happier and we get more kitty pics, a win-win situation all around.
July 26th, 2008 at 5:58 pm
Congratulations! Having that extra time to move is a nice bonus, too.
July 27th, 2008 at 1:58 am
Congratulations. Great to hear!
July 27th, 2008 at 2:22 am
Congrats Meryl. Things are looking up for me as well, though not so much as to be able to buy my own place. I envy you, but I’m very glad for you too.
July 29th, 2008 at 1:04 pm
Way to go !! Housewarming party at Meryl’s place.