Taking Air Out Of The Balloon
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The first 13:38 video:
COEUR D’ALENE
North Idaho Housing Prices Are DROPPING!
Aug 5, 2022
The second 13 minute video:
Streamed live on Aug 5, 2022 Austin Housing market, builders have stopped building! John Blackman talking about Austin housing statistics and builder sentiment as well as a prediction for what is going to happen to the housing cycle here in Austin in the next 12+ months.
The third 13:31 video:
Prices tank $343,000 for Ajax, Whitby, Oshawa and Pickering for Detached Homes. July Market Update.
Aug 6, 2022 Durham July real estate market update.
The fourth 7:44 video:
Redfin CEO on the Cooling Housing Market
Aug 5, 2022 Redfin CEO Glenn Kelman joins Emily Chang to discuss how real estate platforms can navigate the new waters of a cooling housing market after the housing boom of the last few years.
The last 11:15 video:
CHINA’S GHOST-CITY ECONOMY
Aug 6, 2022 Americans who see China’s miraculous growth and magnificent urban towers as a model for these United States seem blissfully unaware of the vast number of Chinese structures built but never occupied, often never even finished. They’re funded by the life savings of ordinary Chinese citizens. How far can the communist government can inflate the real estate bubble before it bursts? Some small protests have begun, but the autocrats know how to shut that down, using COVID-19 protocols.
Redfin CEO on the Cooling Housing Market
Date the rate and assume interest rates go down AND your property doesn’t lose value. Huge assumption there.
“Redfin CEO on the Cooling Housing Market”
Redfin CEO Glenn Kelman seems honest. He easily nailed it about RE and the COVID crisis being crazy. All of his talking points were accurate, IMHO.
He spews RE talking points like “date the rate.”
When I was a repossessor and I couldn’t locate the chattel I’d notify the bank’s loan officer, and he/she would say, “It’s time to kick it in.” That was industry lingo to knock on the door of the last known address.
The I-90 strip between Spokane, WA and Coeur d’Alene, ID has filled to the brim with west-coast equity locusts, so think of businesses that cater to to older crowd. The zoomers and gen-z crowd will be providing low-cost services to these ageing boomer carpetbaggers.
Raleigh, NC Housing Prices Crater 21% YOY As Debt Crippled Speculators Panic And Inventory Soars Across The Carolinas
https://www.movoto.com/nc/27603/market-trends/
As one national broker conceded, “Houses are investments for people who can’t do math.”