A report from Yahoo Money. "About 270,000 homebuyers who bought during the red-hot housing market…
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The first 20 minute video:
Bellevue, Eastside & Seattle Real Estate Market Update, July 2022 | Housing Market Predictions 2022
Premiered Jul 25, 2022
The second 17 minute video:
Cancelled Listing SPIKE! | Phoenix Real Estate Market Update | Phoenix, AZ
Premiered Jul 25, 2022 The Phoenix real estate market is turning into a balanced and buyer’s market before our eyes. A rush of new listings hit the market, but now, many of them are cancelling! We have 2 cities in a buyer’s market and a handful that are close behind. Watch to find out which cities are nearing a buyer’s market!
*Source: Cromford Report
The third 15 minute video:
Eric’s Neighborhood Watch – July 26, 2022 – 92064
Jul 26, 2022 Checking in on Poway! Inventory remains steady, while pending sales take a slide.
The last 6:35 video:
Cape Coral Gulf Access Real Estate Market Update July 24 2022
Cape Coral Living
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17 views Jul 26, 2022 Cape Coral Gulf Access Real Estate Market Update July 24 2022
FREE FULL REPORT IN PDF:
Cape Coral Gulf Access Real Estate Market Update July 24 2022
Cape Coral Living
262 subscribers
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17 views Jul 26, 2022 Cape Coral Gulf Access Real Estate Market Update July 24 2022
FREE FULL REPORT IN PDF: https://drive.google.com/file/d/1R_Y7J-BeMl7k8Q0VDpjbtiGBwJr1IIUi/view
Here’s a 27 minute podcast:
Is Canada’s housing bubble finally popping?
Or was it never really a bubble in the first place? What we know right now is that sales are falling, prices are dropping (slightly!) and some investors are getting out.
Or was it never really a bubble in the first place? What we know right now is that sales are falling, prices are dropping (slightly!) and some investors are getting out. What we don’t know are the full ramifications of rising interest rates on a market that has been white hot for more than a decade now.
Over the next few months, we’ll see if this is a correction, a cooling or a crash. What will that mean for home owners? For aspiring buyers? For those stuck in a tough rental market? And even, yes, for people using homes as investment properties, which helped drive the market to such incredible highs?
At the end of June where were an estimated 463,000 new homes for sale, a 9.4-month supply at the current sales pace. A year earlier the 350,000-home inventory was estimated at a 5.8-month supply.
‘Shopify Inc. has cut 10 per cent of its staff – about 1,000 people globally – as it deals with challenges posed by the slowing growth of e-commerce and its weakening financial results amid a broad-based stock selloff pummelling the technology sector.’
‘In a memo to staff on Tuesday, shortly before announcing second-quarter financial results on Wednesday, chief executive officer Tobias Lutke said the reduction would take place by the end of the day. Most of the jobs affected are in the sales, accounting and recruiting departments. However, across the company, Shopify will also eliminate “over-specialized and duplicate roles,” Mr. Lutke said, adding that he is assessing “some groups that were convenient to have but too far removed from building products.”
‘On top of that, the Ottawa-based company is considering further layoffs before the end of this year, should the tech slowdown continue to squeeze its profit margins, according to two senior officials at Shopify.’
‘Mr. Lutke believed the share of dollars coming from online retail as opposed to physical, in-store shopping would quickly “leap ahead by five or even 10 years,” compared with previous forecasts, he said. It’s why Shopify doubled employment since early 2020 to more than 10,000 people around the world in order to meet that expected demand.’
‘But now, Mr. Lutke regrets those decisions. “Ultimately, placing this bet was my call to make and I got this wrong,” he told staff in his memo on Tuesday. “As a consequence, we have to say goodbye to some of you today and I’m deeply sorry for that. … For a company like ours, this news will be difficult to digest.”
Ukraine’s president, Volodymyr Zelenskyy, said the move — which will see flows to Germany fall to 20% of its capacity from an already low level of 40% — was tantamount to a “gas war” with Europe. Germany’s economy minister, Robert Habeck, said the excuse that maintenance was the reason for the supply cut was a “farce.”
Moral of the story: don’t wage economic wars you can’t win.
It’s pretty obvious that NATO thought the economic sanctions would quickly bring Russia to its knees and that the rainbow flag would be flying over the Kremlin by now.
There’s never a crisis…. in falling housing prices.
Santa Ana, CA Housing Prices Crater 14% YOY As Double Digit Price Declines Blanket Orange County California
The first 20 minute video:
Bellevue, Eastside & Seattle Real Estate Market Update, July 2022 | Housing Market Predictions 2022
Premiered Jul 25, 2022
The second 17 minute video:
Cancelled Listing SPIKE! | Phoenix Real Estate Market Update | Phoenix, AZ
Premiered Jul 25, 2022 The Phoenix real estate market is turning into a balanced and buyer’s market before our eyes. A rush of new listings hit the market, but now, many of them are cancelling! We have 2 cities in a buyer’s market and a handful that are close behind. Watch to find out which cities are nearing a buyer’s market!
*Source: Cromford Report
The third 15 minute video:
Eric’s Neighborhood Watch – July 26, 2022 – 92064
Jul 26, 2022 Checking in on Poway! Inventory remains steady, while pending sales take a slide.
The last 6:35 video:
Cape Coral Gulf Access Real Estate Market Update July 24 2022
Cape Coral Living
262 subscribers
1
Dislike
Share
Clip
17 views Jul 26, 2022 Cape Coral Gulf Access Real Estate Market Update July 24 2022
FREE FULL REPORT IN PDF:
Cape Coral Gulf Access Real Estate Market Update July 24 2022
Cape Coral Living
262 subscribers
1
Dislike
Share
Clip
17 views Jul 26, 2022 Cape Coral Gulf Access Real Estate Market Update July 24 2022
FREE FULL REPORT IN PDF:
https://drive.google.com/file/d/1R_Y7J-BeMl7k8Q0VDpjbtiGBwJr1IIUi/view
Here’s a 27 minute podcast:
Is Canada’s housing bubble finally popping?
Or was it never really a bubble in the first place? What we know right now is that sales are falling, prices are dropping (slightly!) and some investors are getting out.
Or was it never really a bubble in the first place? What we know right now is that sales are falling, prices are dropping (slightly!) and some investors are getting out. What we don’t know are the full ramifications of rising interest rates on a market that has been white hot for more than a decade now.
Over the next few months, we’ll see if this is a correction, a cooling or a crash. What will that mean for home owners? For aspiring buyers? For those stuck in a tough rental market? And even, yes, for people using homes as investment properties, which helped drive the market to such incredible highs?
GUEST: Ari Altstedter, Bloomberg
https://ottawa.citynews.ca/the-big-story/is-canadas-housing-bubble-finally-popping-5628233
At the end of June where were an estimated 463,000 new homes for sale, a 9.4-month supply at the current sales pace. A year earlier the 350,000-home inventory was estimated at a 5.8-month supply.
https://www.mortgagenewsdaily.com/news/07262022-new-home-sales
A 2:44 video:
Austin real estate sales pause is not a bust
https://www.fox7austin.com/video/1097545
‘Shopify Inc. has cut 10 per cent of its staff – about 1,000 people globally – as it deals with challenges posed by the slowing growth of e-commerce and its weakening financial results amid a broad-based stock selloff pummelling the technology sector.’
‘In a memo to staff on Tuesday, shortly before announcing second-quarter financial results on Wednesday, chief executive officer Tobias Lutke said the reduction would take place by the end of the day. Most of the jobs affected are in the sales, accounting and recruiting departments. However, across the company, Shopify will also eliminate “over-specialized and duplicate roles,” Mr. Lutke said, adding that he is assessing “some groups that were convenient to have but too far removed from building products.”
‘On top of that, the Ottawa-based company is considering further layoffs before the end of this year, should the tech slowdown continue to squeeze its profit margins, according to two senior officials at Shopify.’
‘Mr. Lutke believed the share of dollars coming from online retail as opposed to physical, in-store shopping would quickly “leap ahead by five or even 10 years,” compared with previous forecasts, he said. It’s why Shopify doubled employment since early 2020 to more than 10,000 people around the world in order to meet that expected demand.’
‘But now, Mr. Lutke regrets those decisions. “Ultimately, placing this bet was my call to make and I got this wrong,” he told staff in his memo on Tuesday. “As a consequence, we have to say goodbye to some of you today and I’m deeply sorry for that. … For a company like ours, this news will be difficult to digest.”
https://www.theglobeandmail.com/business/article-shopify-to-cut-10-per-cent-of-staff-as-ecommerce-slows/
Rio Linda, CA Housing Prices Crater 20% YOY As Appraisal Fraud Saturates Sacramento Area Housing Market
https://www.movoto.com/rio-linda-ca/market-trends/
As one California broker conceded, “Every broker I know is lawyering up.”
Get woke, go broke:
https://www.cnbc.com/2022/07/27/putins-new-gas-squeeze-condemns-europe-to-recession-and-winter-of-rationing.html
Russia is winning.
Western Europe is a failed civilization.
“They’re not sending their best”
Moral of the story: don’t wage economic wars you can’t win.
It’s pretty obvious that NATO thought the economic sanctions would quickly bring Russia to its knees and that the rainbow flag would be flying over the Kremlin by now.
There’s never a crisis…. in falling housing prices.
Santa Ana, CA Housing Prices Crater 14% YOY As Double Digit Price Declines Blanket Orange County California
https://www.movoto.com/ca/92706/market-trends/