New Home Sales Crater!!
https://www.youtube.com/watch?v=3Y_JF8HajGI https://www.youtube.com/watch?v=FvrbvUFpLXQ https://www.youtube.com/watch?v=4ounEg5kNNE https://www.youtube.com/watch?v=UMZnLLgnti4
The Last Two Years, We’ve Been Living In A Fantasy Land
A report from the Pioneer Press in Minnesota. "'We don’t seem to be selling stuff like $40,000 or $50,000 over list price, with offers like ‘You can name my first child,' quipped Justin DuChemin, a real estate agent with Re/Max,…
Is The Housing Market Cooling Off Too Fast?
https://www.youtube.com/watch?v=Nk9sjgBNn-Q https://www.youtube.com/watch?v=7Ge8TiDNJrM https://www.youtube.com/watch?v=nwSh6yqczLY https://www.youtube.com/watch?v=O7pyBFCibLk https://www.youtube.com/watch?v=rZGWIDqB0_I
A Crazy Real Estate Market For Too Long Is A Formula For A Crash
A weekend topic starting with Bloomberg. "The US mortgage industry is seeing its first lenders go out of business after a sudden spike in lending rates, and the wave of failures that’s coming could be the worst since the housing…
$100k Price Reductions & Lagging Indicators
https://www.youtube.com/watch?v=NvUEq-AVrVQ https://www.youtube.com/watch?v=ymVh0IC72SE https://www.youtube.com/watch?v=iHJ4fYEAnWY
Investors Are Aggressively Pitching Lowball Offers And Prices Have Already Fallen Steeply
It's Friday desk clearing time for this blogger. "'In my 22 years experience, I’ve never seen it move as fast as it was. I mean, back in Easter, every deal I had was multiple offers. You know, few months later,…
Seller FOMO Is Real
https://www.youtube.com/watch?v=wbcwgOF1wzw https://www.youtube.com/watch?v=kBDm-EXqyuw https://www.youtube.com/watch?v=iJ4dtVYA7HU https://www.youtube.com/watch?v=DJJUbWL8ON4 https://www.youtube.com/watch?v=_J-zXbqJ254 https://www.youtube.com/watch?v=7Ymbjqx2mFA https://www.youtube.com/watch?v=c0StYL-00gM https://www.youtube.com/watch?v=wE8JaKdlIFE
The Pandemic Housing Bubble
A report from Nerd Wallet. "Michelle Doherty, a Realtor in northern Virginia, notices the same thing. Buyers 'hold off, thinking, 'You know what? We'll wait for them to drop [the price].' She prods clients to make offers below asking instead…
Scary Situation For Sellers
https://www.youtube.com/watch?v=SKorJ_hwycw https://www.youtube.com/watch?v=vsHCE-bADac https://www.youtube.com/watch?v=okq3TQ_g1QY https://www.youtube.com/watch?v=IibRiR3wnpQ https://www.youtube.com/watch?v=KhXi3rz2wfM
A Classic Case Of What Goes Up, Can Come Down
A report from NBC Bay Area in California. "Median home prices in San Francisco have fallen by more than $300,000 in three months, Compass reports. Experts said it is tough to buy a home now as prices are likely to…