As Prices Are Reduced, Are Values Dropping?
https://www.youtube.com/watch?v=ePQUyFE6qEk https://www.youtube.com/watch?v=6pHfSjkrBl8 https://www.youtube.com/watch?v=vfGZrBe9oQE https://www.youtube.com/watch?v=9u_DD1o9hcs
It Becomes A Bit Like A Ponzi Scheme
It's Friday desk clearing time for this blogger. "Kansas City area Realtors are looking ahead to the next few months in the housing market. 'Six months ago, you can go to a seller, you can say, ‘Hey, throw me out…
The Dave Ramsey Double Speak Lead Generator
https://www.youtube.com/watch?v=cyh3SZiO220 https://www.youtube.com/watch?v=sgLS-IlS1NI https://www.youtube.com/watch?v=pGm8GWCo6JQ https://www.youtube.com/watch?v=NxoPF7acMq8
We’re Going To See A Lot Of People Jump Ship
A report from Business Insider. "'The uptick that we have seen in cancellations has really been in the last 30 to 60 days, and the leading driver has been buyers' remorse,' said Ryan Marshall, CEO of PulteGroup. 'I think a…
How Low Will Prices Go?
https://www.youtube.com/watch?v=mfbVVIhCYIE https://www.youtube.com/watch?v=rIYfgaUK1Oo
Now The Whole Industry Is Panicking
A report from CNBC. "'I think over the next quarter or two there will be some price discovery as we match up mortgage payments with pricing,' said Doug Bauer, CEO of Tri Pointe Homes. 'The consumer, really, it was mid-June…
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…