A weekend topic starting with the Miami Herald in Florida. "Most real estate developers will…
This Post Has 12 Comments
The top 13 minute Las Vegas video:
LasVegas
How The Real Estate Market Will Go From Bad To WORSE…
Jul 6, 2022 The real estate market is BAD right now but this is just the beginning. Things are about to go from bad to worse so it’s important you know WHY & HOW so you can gear up for this rollercoaster!
The 5 minute San Jose:
San Jose Real Estate | June 2022| Prices Going Down?
Jul 6, 2022 San Jose June housing sales data is out! Are you curious to find out if the sold price went down finally?
14 minute Toronto:
All Market Signs Point to a Toronto Housing Crash – GET READY! [ JULY 2022 Market Update ]
Jul 7, 2022
The 15 minute Mississauga:
June 30th Update For Mississauga. 2nd slowest month this year. Detailed market update
Jul 7, 2022 Mississauga real estate prices took another big hit in June. Making it the 2nd slowest month of the year so far. Get all the details on average and median prices in Mississauga, how many homes sold, how many were taken off the market, and much more.
The 5:27 Utah video.
Is now a good time to build a house?
Jul 6, 2022 Should you build a house or wait?
The 4:42 Austin video:
Austin Area Builder and Sellers are TERRIFIED of Rising Inventory
Jul 6, 2022 I challenge buyers to listen to the advice in this video. DOUBLE DOWN on your buying efforts. You competed when things were much tougher, why stop now? There’s also some fantastic buyer incentives being offered by builders right now!
That utah couple should take their video equipment and throw it away. They should never be allowed to make another video. goodness beyond annoying.
the vegas guy is pretty interesting.
‘In a new paper, TD economists James Marple and Faisal Faisal illustrate the stimulative power of negative real rates. They point to the example of a Canadian household that takes out a five-year fixed-rate mortgage at the current posted rate of 4.6 per cent to buy an average-priced home. If average inflation comes in just one percentage point higher than expected, that household will save almost $6,500 in current dollars, which the economists note is equivalent to reducing the annual mortgage rate to about 3.4 per cent.’
“The higher the expected rate of inflation moves relative to nominal borrowing costs, the more attractive borrowing today becomes,” they write. “If inflation expectations continue to drift higher, central banks will have to go even further in order to bring it to heel.”
‘A real estate attorney accused of stealing more than $1 million from his clients was arrested for larceny, police said. In March 2022, Norwalk police received several complaints alleging 57-year-old Carl Ferraro, of Darien, withheld funds from clients during real estate closings.’
‘A real estate attorney accused of stealing more than $1 million from his clients was arrested for larceny, police said. In March 2022, Norwalk police received several complaints alleging 57-year-old Carl Ferraro, of Darien, withheld funds from clients during real estate closings.’
HSBC executive who was suspended after he ranted about climate ‘nutjobs’ and said ‘who cares if Miami is underwater’ QUITS as he blasts bank’s ‘cancel culture’ and ‘virtue signalling’
‘Home sales and prices in Chatham-Kent dropped significantly in the month of June. The realtors association said the average price of a home sold last month was $429,367, an increase of 5.5 per cent from a year ago, but lower than the average price of $475,985 reported in May.’
‘On the bright side, the number of new listings jumped 14.6 per cent from June of 2021. There were 259 new residential listings last month, according to CKAR, which was the largest number of new listings added in the month of June in more than a decade.’
‘The association said there are 283 homes for sale at the end of June, up sharply by 82.6 per cent from the end of June 2021, adding active listings haven’t been this high in the month of June in five years.’
“Germans are being told to take fewer showers to save energy, with Bild even running an article that suggested washing less makes you smell better.”
Well that stinks. 🙂
Germany’s Largest Residential Landlord to Impose Heating Rationing For Tenants
by Paul Joseph Watson
July 8th 2022, 5:06 am
Germany’s largest residential landlord which owns around 490,000 properties is set to impose energy rationing that will cut heating to tenants at night in response to falling gas imports from Russia.
Vonovia “will cut the heating output between 11 p.m. and 6 a.m. to 17 degrees Celsius,” reports Reuters, adding that the company hopes the measures will save up to 8% of heating costs.
Residents have already been informed that they will face huge spikes in heating bills as a result of Germany being forced to respond to Russia restricting supplies via the Nord Stream 1 pipeline.
Earlier this week, Hamburg’s environment minister warned Germans that hot water could be rationed and limits on maximum room temperatures introduced as a result of the energy crisis.
The article was published after Klaus Mueller, the head of Germany’s Federal Network Agency, asked his fellow countrymen, “whether you really need to take a hot shower seven days a week – with gas heating.”
Wa? “Collateral damage” from lockdowns causing excess deaths? Who knew!
A week ago, the Bank of New Zealand (BNZ) forecast the economy would enter a recession next year that could be deeper than anticipated.
This prediction came after ANZ’s June business survey “was littered with indicators that fit with our view that the economy is headed into recession”, according to BNZ head of research Stephen Toplis. “If anything, they suggest any such recession might be deeper than we have pencilled in”, he added.
ANZ’s business survey tanked to -62.6, nearing the all-time low of -66.6 hit in April 2020 when New Zealand was stuck in its first lockdown of the pandemic:
All time low of 666? 😳
Happy Valley OR Housing Prices Crater 16% YOY As Oregon’s Appraisal Fraud Riddled Housing Market Staggers
The top 13 minute Las Vegas video:
LasVegas
How The Real Estate Market Will Go From Bad To WORSE…
Jul 6, 2022 The real estate market is BAD right now but this is just the beginning. Things are about to go from bad to worse so it’s important you know WHY & HOW so you can gear up for this rollercoaster!
The 5 minute San Jose:
San Jose Real Estate | June 2022| Prices Going Down?
Jul 6, 2022 San Jose June housing sales data is out! Are you curious to find out if the sold price went down finally?
14 minute Toronto:
All Market Signs Point to a Toronto Housing Crash – GET READY! [ JULY 2022 Market Update ]
Jul 7, 2022
The 15 minute Mississauga:
June 30th Update For Mississauga. 2nd slowest month this year. Detailed market update
Jul 7, 2022 Mississauga real estate prices took another big hit in June. Making it the 2nd slowest month of the year so far. Get all the details on average and median prices in Mississauga, how many homes sold, how many were taken off the market, and much more.
The 5:27 Utah video.
Is now a good time to build a house?
Jul 6, 2022 Should you build a house or wait?
The 4:42 Austin video:
Austin Area Builder and Sellers are TERRIFIED of Rising Inventory
Jul 6, 2022 I challenge buyers to listen to the advice in this video. DOUBLE DOWN on your buying efforts. You competed when things were much tougher, why stop now? There’s also some fantastic buyer incentives being offered by builders right now!
That utah couple should take their video equipment and throw it away. They should never be allowed to make another video. goodness beyond annoying.
the vegas guy is pretty interesting.
‘In a new paper, TD economists James Marple and Faisal Faisal illustrate the stimulative power of negative real rates. They point to the example of a Canadian household that takes out a five-year fixed-rate mortgage at the current posted rate of 4.6 per cent to buy an average-priced home. If average inflation comes in just one percentage point higher than expected, that household will save almost $6,500 in current dollars, which the economists note is equivalent to reducing the annual mortgage rate to about 3.4 per cent.’
“The higher the expected rate of inflation moves relative to nominal borrowing costs, the more attractive borrowing today becomes,” they write. “If inflation expectations continue to drift higher, central banks will have to go even further in order to bring it to heel.”
https://www.theglobeandmail.com/business/article-bank-of-canada-real-interest-rates-inflation/
‘A real estate attorney accused of stealing more than $1 million from his clients was arrested for larceny, police said. In March 2022, Norwalk police received several complaints alleging 57-year-old Carl Ferraro, of Darien, withheld funds from clients during real estate closings.’
‘A real estate attorney accused of stealing more than $1 million from his clients was arrested for larceny, police said. In March 2022, Norwalk police received several complaints alleging 57-year-old Carl Ferraro, of Darien, withheld funds from clients during real estate closings.’
https://www.fox61.com/article/news/crime/real-estate-agent-arrested-stealing-more-1-million-from-clients-connecticut/520-663edf9f-1066-469f-a654-bd198b68132f
HSBC executive who was suspended after he ranted about climate ‘nutjobs’ and said ‘who cares if Miami is underwater’ QUITS as he blasts bank’s ‘cancel culture’ and ‘virtue signalling’
https://www.dailymail.co.uk/news/article-10992237/HSBC-executive-suspended-ranted-climate-nutjobs-QUITS.html
‘Home sales and prices in Chatham-Kent dropped significantly in the month of June. The realtors association said the average price of a home sold last month was $429,367, an increase of 5.5 per cent from a year ago, but lower than the average price of $475,985 reported in May.’
‘On the bright side, the number of new listings jumped 14.6 per cent from June of 2021. There were 259 new residential listings last month, according to CKAR, which was the largest number of new listings added in the month of June in more than a decade.’
‘The association said there are 283 homes for sale at the end of June, up sharply by 82.6 per cent from the end of June 2021, adding active listings haven’t been this high in the month of June in five years.’
https://blackburnnews.com/chatham/chatham-news/2022/07/08/home-prices-sales-cooling-off-ck/
https://www.axios.com/local/salt-lake-city/2022/07/07/salt-lake-city-home-sellers-drop-prices-utah-provo-ogden
“Germans are being told to take fewer showers to save energy, with Bild even running an article that suggested washing less makes you smell better.”
Well that stinks. 🙂
Germany’s Largest Residential Landlord to Impose Heating Rationing For Tenants
by Paul Joseph Watson
July 8th 2022, 5:06 am
Germany’s largest residential landlord which owns around 490,000 properties is set to impose energy rationing that will cut heating to tenants at night in response to falling gas imports from Russia.
Vonovia “will cut the heating output between 11 p.m. and 6 a.m. to 17 degrees Celsius,” reports Reuters, adding that the company hopes the measures will save up to 8% of heating costs.
Residents have already been informed that they will face huge spikes in heating bills as a result of Germany being forced to respond to Russia restricting supplies via the Nord Stream 1 pipeline.
Earlier this week, Hamburg’s environment minister warned Germans that hot water could be rationed and limits on maximum room temperatures introduced as a result of the energy crisis.
The article was published after Klaus Mueller, the head of Germany’s Federal Network Agency, asked his fellow countrymen, “whether you really need to take a hot shower seven days a week – with gas heating.”
Wa? “Collateral damage” from lockdowns causing excess deaths? Who knew!
https://www.dailymail.co.uk/health/article-10994179/Lockdowns-killing-1-000-people-week-Excess-deaths-England-Wales.html
Kiwis who elected the globalist Quisling Ardern are going to get exactly what they voted for, good & hard.
Ardern’s fate sealed by New Zealand’s economic collapse
https://www.macrobusiness.com.au/2022/07/arderns-fate-sealed-by-new-zealands-economic-collapse/
A week ago, the Bank of New Zealand (BNZ) forecast the economy would enter a recession next year that could be deeper than anticipated.
This prediction came after ANZ’s June business survey “was littered with indicators that fit with our view that the economy is headed into recession”, according to BNZ head of research Stephen Toplis. “If anything, they suggest any such recession might be deeper than we have pencilled in”, he added.
ANZ’s business survey tanked to -62.6, nearing the all-time low of -66.6 hit in April 2020 when New Zealand was stuck in its first lockdown of the pandemic:
All time low of 666? 😳
Happy Valley OR Housing Prices Crater 16% YOY As Oregon’s Appraisal Fraud Riddled Housing Market Staggers
https://www.movoto.com/happy-valley-or/market-trends/
As one market insider shared, “Nobody does fraud like the mortgage sales gang.”