The Losses Reflected The Reckoning
A report from the News Press in Florida. "To date, the number of new listings that came to the Bonita Springs and Estero markets in 2021 was 270, which was higher than the 193 total listings that came to market…
A Case Of Golden Promises Or Just Fool’s Gold?
A weekend topic starting with my comment this week. "We really need to stop playing along with the globalist scum media narratives." From Bloomberg. "On a technical basis, Bitcoin is seen by some analysts as being caught in a no…
It Means Another Lost Decade
It's Friday desk clearing time for this blogger. "Christian Chapman, a former underwriter at Better.com, has worked in the mortgage business for almost 20 years and has been laid off by three other mortgage companies in the past. However, none…
That Model May Not Be Working
A report from the Daily Mail. "In his three-minute call, Vishal Garg CEO of mortgage lender Better.com Vishal Garg, said that the 'market has changed' - meaning savage cuts to the $7 billion company's workforce were needed to avert disaster.…
The Party Is About To End As Central Banks Look To Take Away The Punch Bowl
A report from the New York Post. "Better.com became a pandemic darling as city dwellers sought to flee to greener and larger spaces in the suburbs, fueling a boom in the housing market and associated lenders. CEO Vishal Garg laid…
Every Roller Coaster Eventually Returns To The Station
A report from the Oklahoman. "Prices for new homes are outpacing appraisals, busting purchase contracts if buyers and builders can't come to terms and fill the financing gap. Metro-area Realtors discussion mentioned appraised values for new homes falling short of…
Almost All Will Be Lost
A report from the LA Daily News in California. "Rampant housing inflation means the federal government will now back almost million-dollar mortgages — including deals in Los Angeles and Orange counties. Note that mortgages made for vacation homes and second…
They Were Slow To Reduce Their Price And They’re Having A Hard Time Selling
A report from the San Francisco Chronicle in California. " "As San Francisco approached the critical December shopping month, instead of holiday lights and Santa Claus decorations, dozens of downtown retailers greeted shoppers with plywood-encased storefronts and armed guards in…
In The Twilight Of An Incredible Boom
A weekend topic starting with a press release. "ATTOM released its third-quarter 2021 U.S. Residential Property Mortgage Origination Report, which shows that 3.59 million mortgages secured by residential property (1 to 4 units) were originated in the third quarter of…
Piling Downward Pressures On Home Prices
It's Friday desk clearing time for this blogger. "Courtney White and her fiancé saw one house after another go under contract before even having a chance to see the property during their house hunt earlier this year. After finally buying…