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There’s Not A Crash?

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  1. From the first 14 minute video:

    Median Price Is Lower! 🙄
    Ruthie Rocks
    Streamed live on Sep 2, 2022 Here’s our Median price report for today! Make sure to check them out to keep you updated.

    We shared some letter ideas that you can send to your potential clients. This is also one of the ways to reconnect with them and for generating referrals and new business.

    The statistics depend on the parameters used to create the results. If you go farther outside of the Las Vegas Valley, there is more inventory. I am reporting on only available homes which means they are not under contract.

    Available Inventory is from these zip codes:
    89101,89102,89103,89104,89106,89107,89108,89109,89110,89113,89115,89117,89118,89119,89120,89121,89122,89123,889130,89131,89134,89135,89138,89139,89141,89142,89143,89144,89145,89146,89147,89148,89149,89166,89169,89178,89179,89183,89030,89031,89032,89081,89084,89085,89002,89011,89012,89014,89015,89044,89052,89074

    Also, many of the other sites report homes under contract as still available because the escrow and title company did not record the sale until the closing date.

    The second 8 minute video:

    Bay Area Housing Update September 2022
    Sep 2, 2022 ***Sorry about the echoey sound. Forgot my mic.

    This is the latest Bay Area Housing Market Update for September 2022. Big, big decline in the number of transactions in all the nine(9) bay area counties.

    Days on the market is starting to climb but for all intents and purposes, homes are still selling fast. Prices right now is a bit mixed. Still strong but nowhere near close where we were in terms appreciation last year.

    Where is this whole thing headed? Most likely more slow down as buyers keep getting cold feet and also getting priced out because of higher mortgage rates. Speaking of higher mortgage rates, the FEDs meet again this month and chances are mortgages rates goes higher.

    0:00 Bay Area Real Estate Market Summary
    2:05 Alameda County Real Estate Housing Market Report
    2:30 Contra Costa County Real Estate Housing Market Report
    2:55 Marin County Real Estate Housing Market Report
    3:15 San Francisco County Real Estate Housing Market Report
    3:30 San Mateo County Real Estate Housing Market Report
    3:58 Santa Clara County Real Estate Housing Market Report
    4:20 Napa County Real Estate Housing Market Report
    4:55 Sonoma County Real Estate Housing Market Report
    5:16 Solano County Real Estate Housing Market Report

    The last 7 minute video:

    Austin Real Estate isn’t crashing??? Sep 2, 2022 Is Austin’s Housing market crashing? Or is it just normalizing? Interest rates are moving…for now. The change in the market is really affecting the Austin / Georgetown area of Texas.

  2. ST. PETERSBURG, Fla. — The struggling economy in the United States is causing a rise in car repossessions. Barron’s reported repossessions of vehicles have even doubled among so called “prime” borrowers, or people with good credit scores.

    According to Experian, Florida had the fifth-highest repossession rate in the country last year. Although statistics for this year aren’t available yet, Bill Ingram sees the problems every day. “Most of the time, they’re delinquent on their payments,” Ingram, the owner of Florida Security and Recovery, said.

    And picking them up is something he’s doing more and more these days. According to Ingram, on a busy day they used to repo about 10-12 cars. Now, that’s his average. “It just shows what’s going on with our economy,” said Ingram.

    https://www.baynews9.com/fl/tampa/news/2022/09/01/struggling-economy-leads-to-rise-in-repossessions

  3. The blue state vs. red state war is getting ugly.

    California Gov. Gavin Newsom — who wants to run for president and apparently thinks he doesn’t have enough problems in his own crime-ridden hobo-infested state —has been taking out ads in Texas newspapers attacking Texas Gov. Greg Abbott for his generally unremarkable positions on abortion and gun control. Abbott has about the same views as any other Republican governor, but Newsom clearly feels threatened by Texas, which has been eating California’s lunch, which is no doubt vegan and gluten-free. While Texas has its problems (its violent-crime rate is almost identical to California’s), its low-cost/low-hassle business environment is a standing rebuke to California’s model of high-cost henpecking.

    New York’s Texas is Florida, and Governor Kathy Hochul has declared that Republicans in her state should “just jump on a bus and head down to Florida where you belong. OK? Get out of town. Because you don’t represent our values.” In this as in much else, she echoes her cretinous predecessor, Andrew Cuomo, who infamously said that those who support the Second Amendment or oppose the elective surgical dismemberment of unborn children “have no place in the state of New York.”

    New Yorkers — especially the ones with money and options — seem to agree: Some 1.4 million New Yorkers left the state from 2010 to 2019, and another 126,000 left just between July 2020 and July 2021. In fact, 7.5% of Florida’s population was born in New York — a figure far higher than for any other state save Florida itself. That’s not an accident — that’s an indictment.

    There’s another way to measure the exodus: The market for U-Haul trucks. If you want to rent a 20-foot U-Haul for a one-way move from Austin to San Francisco at the end of September, you can have one for the very reasonable rate of $1,735. If you want to rent the same truck for the same dates but going the other way — from San Francisco to Austin — then you are looking at more than six grand, more than three-and-a-half times as much. Want to rent a U-Haul from Jacksonville, Fla., to New York City? About 500 bucks. The other way? Seven times as much.

    That isn’t supply, my coastal friends — that is demand.

    https://nypost.com/2022/09/03/blue-state-governors-bash-red-states-because-they-feel-threatened/

  4. Inflation and Fed hawkishness have “bitten the markets,” said Kerrie Debbs, a certified financial planner at Main Street Financial Solutions. “And inflation is not going away in a couple of months. This reality bites.”

    The Treasury market has lost over 10% in 2022, putting it on pace for its deepest annual loss and first back-to-back yearly declines since at least the early 1970s, according to a Bloomberg index. A rebound that started in mid-June, fueled by speculation a recession would result in rate cuts next year, has largely been erased as Fed Chair Jerome Powell emphasized that he is focused squarely on pulling down inflation. Two-year Treasury yields on Thursday hit 3.55%, the highest since 2007.

    At the same time, short-term real yields — or those adjusted for expected inflation — have risen, signaling a significant tightening of financial conditions.

    https://finance.yahoo.com/news/no-escape-biggest-bond-loss-200000866.html

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