Almost 40% Of The Pandemic Pricing Boom Is Already Gone
https://www.youtube.com/watch?v=yXE1IYNfRyc https://www.youtube.com/watch?v=AD2PnEWq4GI
You Are Effectively Trapped, And Your Bank Knows It
A report from Axios on Virginia. "Richmond home prices seem to be leveling off some after soaring for two years, per Redfin. The city of Richmond saw the biggest year-over-year drop in median sales price for single family homes in…
It Was Hard For Sellers To Realize That They No Longer Have That Price Escalation
A report from the Tribune in California. "If 2022 was a roller coaster for San Luis Obispo County's housing market, 2023 appears to have pumped the brakes somewhat. The median home price has cooled off to $790,000, a notable drop…
Rates Peak? Inventory Hits Bottom? Prices in the Red?
https://www.youtube.com/watch?v=57OxlJxx4AA https://www.youtube.com/watch?v=i4qEmPwvM-M https://www.youtube.com/watch?v=BqCpdLCgO08
Price Signals Have Been Broken
A weekend topic starting with Real Clear Markets. "Arthur Burns, Chair of the Federal Reserve from 1970 to 1978, publicly regretted afterward that he had lacked the spine to do what was necessary to get the Great Inflation of the…
Could This Burst The Housing Bubble?
https://www.youtube.com/watch?v=56IwOxPubGE https://www.youtube.com/watch?v=2jEYldJsd2U https://www.youtube.com/watch?v=iiizfcYeheE
Accept Losses Instead Of Shouting For Help
It's Friday desk clearing time for this blogger. "The Greater Boston Association of Realtors released a report indicating that the number of active listings was up across the board in the region last month. 'Buyers were hard to find over…
Leverage Works Both Ways
https://www.youtube.com/watch?v=AnSP9IEJ_0w https://www.youtube.com/watch?v=enp1Is3Znp0 https://www.youtube.com/watch?v=E1z0gaauUN4 https://www.youtube.com/watch?v=AhH8WqDRxDg
It’s Robbing Ah Seng To Pay Ah Huat
A report from Mansion Global. "What goes up, must come down. That’s apparently the motto of the current U.S. housing market, which, after a wildly prosperous peak-pandemic run, is now seeing values plummet. Homeowners across the country have collectively lost…
The Default Cycle Is Just Beginning
https://www.youtube.com/watch?v=W2drrltBgIw https://www.youtube.com/watch?v=X0WUF6fn53o https://www.youtube.com/watch?v=fm0kx25-M-8