A Global Phenomenon Due To Monetary Policy Errors Repeated Across Multiple Advanced Economies
A report from the News Sun in Indiana. "Larry Doyle, president of Campbell & Fetter Bank, ran some sample numbers to illustrate. 'That’s a $318 increase. Same dollar amount. Same dollar amount borrowed,' Doyle said. 'We had nine price reductions…
Mid-Year Housing Bubble Predictions
What's your housing bubble prediction for the second half of 2022? Six months ago: " 2022 will be the year the Fed’s Everything Bubble bursts." "A reader sent me some quotes he’s collected over the year: “Coming back down to…
We’re Giving Away Our House At This Price
A report from the Everette Daily Herald in Washington. "Active listings in Snohomish County more than doubled in May to 1,182, up from 500 a year ago. Sam Mansour, a broker with John L. Scott Lynnwood, said more sellers put…
Even The Denialists Have Finally Come Around
A report from Money Wise. "Austin real estate agent Lilly Rockwell says the market has already started favoring buyers and that she just helped a client negotiate a purchase for under list price. 'It's fabulous. Finally. Tons of choices, very…
Buyers Have Disappeared And Sellers Are Shocked
A report from the Tribune in California. "When will the San Luis Obispo County housing market return to normal? Housing prices have seen 'enormous growth' in the past couple of years, Cal Poly finance professor Ziemowit Bednarek said, increasing as…
For Several Decades, We Have Traded Houses Among Ourselves At Ever-Increasing Prices In The Belief That We Were Creating Prosperity
It's Friday desk clearing time for this blogger. "The fact some major forecasters now foresee sustained price declines — something that hasn't happened in more than a decade — underscores just how quickly the housing market is changing. 'It's noteworthy,'…
Home prices are FALLING FAST
https://www.youtube.com/watch?v=FbmCxgJxyWc https://www.youtube.com/watch?v=SSgmeUqvYSs https://www.youtube.com/watch?v=w5afsrMtFAU
This Is Not Money They’ve Lost – They Never Had It
A report from KRQE on New Mexico. "The Albuquerque real estate market took off over the last two years, often forcing home buyers into a bidding war. But now that hot housing market is cooling off thanks to higher interest…
Shocking Numbers Just Released For The Florida Real Estate Market
https://www.youtube.com/watch?v=H5Z1EHJOlcI https://www.youtube.com/watch?v=YYB3yfdM2P0