Inventory Up 193%!
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A Sustained Uptick In Sales Can Not Be Realized Until The Market Resets Its Prices
A report from the Wall Street Journal. "U.S. home builders benefited from low interest rates…
Pre-Foreclosure
https://www.youtube.com/watch?v=cz19VnxDJ-8&feature=youtu.be
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The first 5:30 video from Phoenix:
New Construction SCREWED as Housing Market Shifts in Arizona
Jul 22, 2022 As our real estate market shifts new constructions has really had to make some quick changes to help buyers. With incentives to rate buy-downs, they are doing everything they can to keep the contracts they have and incentivize new buyers.
The second 7 minute video:
Inventory up 193% Market cools, Idaho Real Estate Update (Boise, Meridian, Eagle)
Jul 22, 2022 Updates for the Local Boise (ADA County) Real Estate market. Inventory is up 193%. Homes are starting to drop in price and buyers are having a chance to enter the market again. Interest rates are increasing which is still having an impact on affordability. Cooling housing demand has dropped the local median sales price to $592,090
Builders are now back to giving buyers credit 10k, 20k and up to 30K!
The third 5:18 video:
What Should a Seller Do Now? | Seattle Housing Market 2022
Jul 22, 2022 What Should a Seller Do Now?
Since the Greater Seattle area and Bellevue home values have declined, and we have an uncertain economy and housing market, what should a home seller do? In today’s video, we are going to go over 7 tips for sellers to be successful. Here we go!
00:00 What should a home seller do?
00:39 1) Price your home correctly from the start.
01:33 2) Listen to market feedback.
02:02 3) Keep emotions in check.
02:32 4) Prepare your home as best as possible.
03:07 5) Offer buyers an incentive.
03:52 6) Market your home effectively.
04:33 7) Hire the right agent.
The last 11 minute video:
Time to Buy? Did Active Listings Peak? Nashville Housing July 23
Jul 23, 2022 This video is an analytical approach to the Nashville Tn Housing Market. We are seeing Median Sales Price fall rapidly in the heart of Nashville.
Nashville Housing Market Update specifically Davidson/Williamson County ~50% of Nashville MSA.
We Need to Keep Building Houses, Even if No One Wants to Buy
Seattle Times|44 minutes ago
Right now, builders have too many homes and not enough people to sell them to, however, in the long term, the U.S will have the opposite problem.
Investors bought 24% of all single-family houses sold nationwide last year, up from 15% to 16% annually going back to 2012, according to a Stateline analysis of data provided by CoreLogic, a California-based data analytics firm. That share dipped only slightly in the first five months of 2022 to 22%.
Investor purchases doubled or more in Florida, Nevada, Vermont and Washington state from 2020 to 2021. In Vermont, they grew from 7% of sales in 2020 to 17% last year and in Nevada from 18% to 30%.
Five states saw the highest share of investor purchases. Investors bought a third of single-family homes sold in Georgia (33%) last year, with Arizona (31%), Nevada (30%), California and Texas (both 29%) not far behind.
https://www.msn.com/en-us/money/realestate/investors-bought-a-quarter-of-homes-sold-last-year-driving-up-rents/ar-AAZUcEz
State Department ‘bureaucrat’: ‘I prefer high gas prices’ because of less emissions
‘Eyre describes himself as a “gov’t bureaucrat” in his Twitter bio along with the phrase “kindness, always kindness.”
“Be kind?” Basslian said. “Perhaps be kind to the billions of people left high and dry in this situation you praise. Saying a famine is a good way to start a diet is not kind.”
https://www.foxnews.com/politics/state-department-bureaucrat-prefer-high-gas-prices-because-less-emissions
We used to drive up to a pub at Southern Connecticut State University in New Haven which at the time had an undergraduate enrollment of like 3 girls to 1 guy. I also saw an Eric Clapton/Muddy Waters concert in New Haven back in 1978 – 1980.
I always liked that town.
WATCH– First Lady Jill Biden Heckled in Connecticut: ‘Your Husband Is the Worst President We Ever Had’
ETHAN LETKEMAN23 Jul 2022
First lady Jill Biden was recently heckled by protesters while on a summer program learning tour in New Haven, Connecticut.
PatrioticBabe 🇺🇸
@PatrioticBabe_
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“Your husband is the worst President we ever had, you OWE us gas money”
Jill Biden: THANK YOU
https://twitter.com/PatrioticBabe_/status/1550178781922349056?s=20&t=D6BRS5YX-LwE7zHqGO8PCw
Second to Massachusetts, Connecticut is about as far left as one can get in the U.S.
Not really. Not CT.