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Goodbye Seller’s Market

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  1. From the first 3:35 video:

    Goodbye Seller’s Market? | Seattle Housing Market 2022
    Aug 26, 2022
    How can the Greater Seattle real estate market be summed up? In one word…recalibrated. In today’s video you’ll get a quick synopsis of how the market looks right now. Let’s dive right in!

    00:00 How can the Greater Seattle real estate market be summed up?
    00:17 What does recalibrated mean?
    00:48 We are almost in a balanced market.
    02:05 Buyer’s demand has been suppressed by rising interest rates.

    The second 2:25 video, which I can’t get to embed but can also be found here:

    Home Value Losses in Colorado Springs
    Colorado Mortgage & Real Estate Data
    Aug 26, 2022 We’ve lost value from June into July according to Zillow’s data for Colorado Springs, Denver, Boulder and other cities.. How much value will we loose in Colorado Springs? Let’s look at data from both Zillow and and see what we find. Colorado home values are declining.

    The last 12 minute video:

    The Dark Side of Japan: The Lost Generation
    Jun 22, 2022 Looking at Japan from the outside, in many ways it looks like a model country – the 3rd biggest economy in the world with world-famous companies, extremely safe cities, a healthy population, and advanced technology and automation everywhere.

    But underneath the surface, Japan is struggling. And most of its biggest issues are linked to its Lost Generation – millions of people who failed to succeed in the brutal Japanese job market and failed through the cracks of the system. The sad story of the Lost Generation is a symbol of Japan’s fall from grace – and a sign of its disturbing future.

    00:00 – Intro
    00:56 – Part 1: The Japanese Miracle
    02:59 – Part 2: The Bubble Bursts
    05:00 – Part 3: The Lost Generation
    07:57 – Part 4: The Dark Future

  2. ‘William Spriggs, an economist at Howard University, told Fortune that the Fed will drive the U.S. economy into a recession and throw millions out of work if it continues aggressively raising interest rates.’

    ‘Spriggs criticized Fed officials, and his fellow economists, for failing to recognize the impact of unemployment on Americans, and particularly on communities of color that experience higher unemployment rates during recessions than the population overall.”

    “We’re in an airplane, we’ve got four engines and three of them are off. And the Fed is saying the one remaining engine—personal consumption—is doing too much,” he said. “It’s like, okay, but it’s the only engine. And if I’m in the airplane, and you tell me we’re down to one engine, and then you tell me we are going to turn it off. It’s like, ‘Wait, no.’”

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