$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…
Builders In Trouble
https://www.youtube.com/watch?v=9Ozrl_-3mco https://www.youtube.com/watch?v=IitltshgJVM https://www.youtube.com/watch?v=1dR3nAdDsCU https://www.youtube.com/watch?v=0HpyWkgAkgc https://www.youtube.com/watch?v=m_gvLoik3fQ
The Elephant In The Room Has Spoken
A report from the Orlando Sentinel in Florida. "'The normal day now, I wake up, look at the [multiple listings service for agents], see a hundred new listings and 400 price decreases,' said Jeremy Wood, an agent with Keller Williams…
Prices Just Got CUT AGAIN
https://www.youtube.com/watch?v=xcmehncc9xM https://www.youtube.com/watch?v=VZ7KZgHcRCA
What Was Once A Virtuous Cycle Has Turned Vicious
A report from the Dallas Business Journal in Texas. "The number of new homes sitting on the market is up significantly. The three-month moving average of active listings in the North Texas Real Estate Information Systems jumped from 933 in…