Cancelled Listings SPIKE!
https://www.youtube.com/watch?v=pEXi43tVu2U https://www.youtube.com/watch?v=8qRqqnm4Pic https://www.youtube.com/watch?v=mTgXX5zEhAU https://www.youtube.com/watch?v=Io_P1KdAnlg
On The Wrong Side Of A Speculative Bet
A report from USA Today. "Kristina O'Donnell, a real estate agent in Collegeville, Pennsylvania, said some sellers' asking prices are now falling almost daily. 'Instead of sellers having 30 appointments over a weekend, maybe it's down to about a handful…
It’s Getting Worse
https://www.youtube.com/watch?v=lgBVG3B0F88 https://www.youtube.com/watch?v=zN9693E2nxk https://www.youtube.com/watch?v=uG_cye-f2Gk
All Along It Was Out-Of-Control Speculative Demand That Was The Real Issue
A report from West Hawaii Today. "'For every percentage point interest rates go up, we lose 10-15% of our buyers,' said Gretchen Osgood, principal broker at Hawaiian Isle Real Estate in Kailua-Kona. With the market cooling, Osgood predicted that sellers…
People Who Were Putting In Stupid Prices, Now They Are Saying, The Market Is Going Down
A report from Money Wise. "'It’s becoming increasingly clear that the real estate markets are headed for a correction,' says George Ratiu, senior economist with Realtor.com. In Austin, for example, buyers are regaining bargaining power as sales last month fell…
Inventory Up 193%!
https://www.youtube.com/watch?v=Al6x_Vqk2Pc https://www.youtube.com/watch?v=l1rX7SOyz7A https://www.youtube.com/watch?v=dz14Be2gHBI https://www.youtube.com/watch?v=8_8l0fyOVW0
No One’s Been Thinking About What Happens When Things Go Down
A report from Vice Magazine. "Brent Rogol, an agent in New York, was recently selling an apartment to a buyer who was heavily invested in tech stocks, which dropped dramatically in value over the course of negotiations. 'It really reduced…
Why Opendoor Will Close
https://www.youtube.com/watch?v=rJtdve9MXXg https://www.youtube.com/watch?v=8s9L9tyhttE https://www.youtube.com/watch?v=MqJuQJdQrGM https://www.youtube.com/watch?v=KjNGClrSykc
When You’re A Fruit Picker Loaned 50 Times Your Salary, It’s Little Trouble To Walk Away
It's Friday desk clearing time for this blogger. "Raymond Martin and his wife listed their home in Austin, Texas, for sale for $1.1 million in early May. They figured selling the four-bedroom, three-bath house would be 'a walk in the…