Homebuyers Struggle To Close
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There Was A Shift Where People Stopped Thinking Prices Would Just Keep Rising
A report from the Herald Tribune in Florida. "'Sellers are listening more to their agents and being more realistic with asking prices,' noted Ellen O’Day, the managing broker for two of our Coldwell Banker Realty offices in Sarasota." The Los…
Home Prices CRATER In 11 Months
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If You Sign On That Dotted Line And Prices Have Declined, You’re On The Hook
A report from the Pueblo Chieftain in Colorado. "'There’s layoffs coming, I am sure,' said Randy Nobiensky, self-employed contractor with RH Builders. 'We are all connected, all in the same boat, and with the interest rates where they are. People…
Buyers Remorse And Cancelling Contracts Has Reached Epidemic Numbers
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When People Were Looking To Sell At The Peak, The Decision Got Put Off, Now They’re Stuck In A Different Market
A report from The Chronicle in Washington. "From October to November, home prices fell 10.54% in Lewis County, dropping from $427,000 in October to $382,000 in November, compared to a monthly decrease of 3.63% in Pacific County, 5.62% in Cowlitz…
Homeowners Are Growing More Desperate As Foreclosure Notices Start To Arrive
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The Allure Of Easy Money Never Fades, Especially For Those Who Benefit The Most
A weekend topic starting with Business Insider. "Prepare for house prices to slump, unemployment to spike, and the US economy to slip into recession, Kenneth Rogoff has said. The Harvard University economist issued his dire outlook during a Fox Business…
What They Don’t Want You To Know
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Pay Less Attention To, Or Even Ignore, What Sellers Are Asking For
It's Friday desk clearing time for this blogger. "'The phone’s barely ringing,' said real estate agent John Silva of John Silva Realty & Associates in Orlando. 'Those high, skyrocketing prices we saw months ago, they aren’t moving anymore. They’re just…