Buyers Are Thinking, There Must Be Some Pressure Now
https://www.youtube.com/watch?v=-yybrn1_bLY
Buyers Want To Pay Less And Expect More From A House Than They Would Have A Year Earlier
A report from the Star Advertiser in Hawaii. "High interest rates continue to subdue Oahu's housing market where prices pushed down this year could remain flat in 2024, according to a University of Hawaii analysis. The Honolulu Board of Realtors…
Things Are Starting To Break
https://www.youtube.com/watch?v=TcC7AMwKIYw https://www.youtube.com/watch?v=DWXKQ29FTQ8 https://www.youtube.com/watch?v=KiKORrPMGFQ https://www.youtube.com/watch?v=DLLGpyxugls https://www.youtube.com/watch?v=0nffcjFHrtI
We Are Seeing A Clear Oversupply Of Properties
A report from Business of Homes on California. "It’s been a gloomy few months in Silicon Valley. In the first quarter of the year, nearly every major tech company has had mass layoffs. Local architect Megan Blaine had two projects…
This Final, Terribly Overheated Period Could Not Be Sustained And A Market Correction Ensued
A report from the San Francisco Chronicle in California. "After skyrocketing during the pandemic, home prices in San Francisco have been declining in recent months at faster rates than in other parts of the state and country. Typical home values…
The Lending Institution Wants To Dump The Property That Turned Out To Be A Bad Deal
A report from the Ahwatukee Foothills News in Arizona. "'We’re in a unique situation in Maricopa County. Nearly 200 people daily are moving into Greater Phoenix, and the inventory is still limited while demand is strong,' said Butch Leiber, president…
The Reserve Bank of Australia Has Made An Ad
https://www.youtube.com/watch?v=DNxXRigHri4 https://www.youtube.com/watch?v=boKNcv9_R-U
A Vicious Cycle In Which Troubled Lenders Need To Fail
A weekend topic starting with the Globe and Mail in Canada. "Jamie Dimon said it was over, but it isn’t. The calm lasted two days. By Wednesday, contagion fear was prevalent again. PacWest Bancorp, a small regional lender based in…
Now Not Only The House Is Gone, But The Downpayment Is Also Gone And Owe A Lot Of Money To The Bank
https://www.youtube.com/watch?v=6JSMH7G5-H4 https://www.youtube.com/watch?v=1Fx6bDjH5x8 https://www.youtube.com/watch?v=eLywvF5jHdU
It Was A Gamble, And The Odds Are Turning Against Them
It's Friday desk clearing time for this blogger. "Spring in the Seattle area looks a bit different from usual this year. The median single-family home in King County sold for $875,000 in April, down 12% from a year ago. The…