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Silver Linings Of The Housing Market Crash

This Post Has 12 Comments
  1. From the first 21 minute video:

    Mortgage fraud caught on camera: Undercover investigation (Marketplace)
    CBC News
    Oct 14, 2022 We went undercover to investigate how networks of real estate agents, mortgage brokers and bank employees are perpetrating mortgage fraud for a fee, and securing their own commissions by submitting forged documents for approval. Some Canadians may have no idea they’re taking part in this fraud, which is leaving some of this country’s most vulnerable people — and their greatest investments — at risk.

    The second minute video:

    Mortgage Fraud in Canada’s Real Estate Industry: Marketplace Investigates
    Mark Mitchell – Mortgage Broker London Ontario
    Oct 15, 2022

    CBC’s Marketplace investigated mortgage fraud in Canada’s real estate market, revealing a number of real estate agents, mortgage agents, and bank representatives engaging in schemes to provide financing for homebuyers would not otherwise qualify.

    The third 12:41 video:

    Silver Linings of US Housing Market Crash
    Natalie Oman
    Oct 14, 2022

    The fourth 8 minute video:

    Is Portland Oregon’s Real Estate Market Still Just Limping Along?
    Ron Milligan
    Oct 14, 2022 October 14, 2022 – Here’s the latest update on the Porland Oregon real estate market.

    Feels like stagnation might be setting in? Here are the recent market stats plotted out on graphs to help give us a better idea of the overarching trends. Watch on!

    The last 10 minute video:

    Demand Tanking in Nashville Housing Deep Freeze Oct 15
    Ethan Flynn, CPA | Real Estate
    Oct 15, 2022 Analytical approach to the Nashville Tn Housing Market. We look at trends in active listings, median price, mortgage rates, contracts, rent rates

    Nashville Housing Market Update specifically charting daily changes in Davidson/Williamson County ~50% of Nashville MSA.

  2. Opinion by Letters to the Editor

    Just when we thought we finally had a Government that would get the economy back on to a footing of sound money and sustainability, it is derailed. Is Britain doomed because those in charge just do not have the guts to do what really needs to be done?

    It seems that the allure of the “free” money generated by quantitative easing, coupled with state bailouts whenever there is perceived to be a problem, has become a drug to which too many in this country are now addicted.

    Alastair MacMillan – Port Glasgow, Renfrewshire

  3. Sioux City’s ultra-competitive housing market seems to be softening ever so slightly. Christine Stultz, a broker associate at Century 21 ProLink, acknowledged that there’s some “hesitation” to buy with interest rates rising, but she said the local market is still “fairly strong.” On Thursday morning, Stultz slapped a sale pending sign on a for sale sign in front of a gray three-bedroom, two-bathroom home in Morningside.

    “If you’re considering selling a house, now’s the time to still get it on the market,” she said.

    Although homes are staying on the market a little longer, Lisa Croston, a broker owner of Century 21 ProLink, said the metro still doesn’t have enough homes to meet the demand.

    “I feel there’s been a shift in that it’s not as chaotic — multiple buyers on one home,” she said. “That’s not to say that in some price ranges we won’t see two to three offers. Earlier this summer, we had some where there were 14 offers. I haven’t seen that since at least July.”

  4. Renters are not the only ones seeing a change in the market. The biggest little city’s housing market is no longer as competitive as it once was.

    A few months ago, it was only a matter of hours or days before a house that hit the market was under contract. Now, that pattern is slowing down. The immediate past president of the Reno-Sparks Association of Realtors, Gary MacDonald, explains that the market is much more favorable today than it was a year ago. He attributes a number of factors to the change including the recent rate hikes to address inflation.

    “They really had a big effect on the market quite rapidly. In this particular case. We’ve been talking about an increase in interest rates for over a year now. We knew that it was coming”

  5. Amid the frenzied spring home buying season, Zillow made a bold call: It predicted that the Pandemic Housing Boom would see U.S. home prices soar another 17.8% between February 2022 and February 2023.

    Of course, just weeks later, the Pandemic Housing Boom began to fizzle out. Each forecast since, Zillow slashed its 12-month home price outlook. In April, Zillow revised it down to 14.9%. In May, it was revised down to 11.6%. In July, it was revised down to 7.8%. In August, it was revised down to 2.4%. In September, it was revised down to 1.2%.

    However, this week Zillow finally stopped revising its 12-month outlook downward. Over the coming 12 months, Zillow now expects U.S. home values to rise 1.4%.

    1. Eighth time’s the charm, right Zillow Boyz?

      It’s almost as if their ability to predict the future of the market doesn’t work at all. Good thing they didn’t invest a bunch of money based on their own analysis!!

    1. ‘They don’t like socialists’
      I gotta believe Venezuelans and Cubans must absolutely hate socialism, although I have heard 3rd generation cuban Americans don’t always have the hatred like their grand parents do/did.

    2. Hispanics are becoming painfully aware that the Left only cares about blacks and takes Hispanics for granted, and calls them insulting names like “Latinx”. Also, GloboHomo doesn’t sell well in that community.

      The big problem for Dems is that in general, Mexicans do not like blacks.

  6. 4
    Anika Reed, USA TODAY
    Sun, October 16, 2022 at 1:38 AM·4 min read

    The Jan. 6 hearings have been primetime political fodder for months, and they continue to get the late night comedy treatment, this week serving as the cold open for “Saturday Night Live.”

    Kenan Thompson opened the show presiding as Jan. 6 committee chairman Rep. Bennie Thompson during the closing statements of the hearings, calling the attack at the Capitol one of the most “dramatic and consequential moments in our nation’s history.”

    “So to fight back, we assembled a team of monotone nerds to do a PowerPoint,” Thompson says.

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