A report from the Santa Cruz Sentinel in California. "In September, the median price for…
This Post Has 6 Comments
From the first 7:19 video:
Weakness In Housing Continues – Nov. 2022 LA Housing Market Update
Mike Weber Real Estate
Nov 14, 2022
Well guys and gals, the higher mortgage rates continue to put a damper on the housing market, as pending home sales and closed sales continue to decline, while days on market and inventory levels continue to rise.
As we shift more and more in the direction of a buyer’s market, it’s getting harder to sell a home and easier to buy one, which will be welcome relief for buyers that have had a tough time for many years. With the likelihood of a Fed pivot sometime in 2023, this could be a very good time for buyers to find the right home at the right price, while positioning themselves well for a potential refinance into a better rate soon. This coupled with a host of new lending programs keeping the payment low for the first few years of payback could allow for some great buying opportunities.
Watch the video to find out what’s happening with pending sales, closed sales, median prices, and the supply of inventory.
The second 8:28 video:
CHARLOTTE
Real Estate Bubble is Even Bigger Than 2008 and Financial Crisis is Coming | Wholesale Vlog 137
Dan.Buys.Houses
Nov 15, 2022
In this video, I’m discussing the real estate bubble and how it’s even bigger than the 2008 financial crisis. I also discuss the dangers of investing in the housing market and how to protect yourself from a housing crash.
Its not secret the news is tell us the recession is here, with inflation going through the roof, stock market is losing money on the daily, bitcoin firms going bankrupt, hopefully this is a motivational video for you to see you can still benefit from investing in the recession. Stop listening to these tiktok gurus that know nothing about money.
So whether you’re a homeowner or a landlord, this video is a must-watch crash course in real estate and how to buy it right! I’m giving you all the information you need to make informed decisions about the future of the real estate market.
The third 7:34 video:
Canadian Real Estate Prices Drop: October Update – Bottom in Spring?
Mark Mitchell – Mortgage Broker London Ontario
Nov 15, 2022
Canada’s real estate prices continued to fall in October, with many predicting that this might be the beginning of the end of the housing correction, and that prices could bottom by Spring of 2023.
CIBC and RBC have predicted that although prices will continue to come down, by Spring we could have bottomed out.
However, multiple analysts, and the Bank of Canada, are predicting a recession – which couldn’t technically be declared until April of 2023. And home prices, in general, fall during recessions – so its not exactly clear that Canada’s real estate correction can be over that quickly.
The fourth 19:38 video:
What Would It Take For Toronto Home Prices To Hit 2018 Levels?
Team Sessa Real Estate
Nov 15, 2022
Toronto Real Estate Market Report for the week of Nov 3 – Nov 9, 2022.
There’s no hysteria like a well planned hysteria. That clip will never get old though.
Credit card balances surged from July to September as Americans continued to sink deeper in debt amid rampant inflation, the Federal Reserve Bank of New York said Tuesday.
Credit card balances increased $38 billion in the third quarter to $925 billion, the New York Fed found, with balances racing closer to pre-pandemic levels of $930 billion in the fourth quarter of 2019. Year over year, credit debt grew by 15%, the largest jump in more than 20 years.
“With prices more than 8% higher than they were a year ago, it is perhaps unsurprising that balances are increasing,” New York Fed researchers reported. “Notably, credit card balances have grown at nearly double the rate since last year. The real test will be to follow whether these borrowers will be able to continue to make the payments on their credit cards.”
“Younger borrowers — defined as those under 30 years old — registered the highest balances during the third quarter, surpassing pre-pandemic levels, the New York Fed found. Younger adults also saw the smallest reduction in their average balances in absolute terms.”
From the first 7:19 video:
Weakness In Housing Continues – Nov. 2022 LA Housing Market Update
Mike Weber Real Estate
Nov 14, 2022
Well guys and gals, the higher mortgage rates continue to put a damper on the housing market, as pending home sales and closed sales continue to decline, while days on market and inventory levels continue to rise.
As we shift more and more in the direction of a buyer’s market, it’s getting harder to sell a home and easier to buy one, which will be welcome relief for buyers that have had a tough time for many years. With the likelihood of a Fed pivot sometime in 2023, this could be a very good time for buyers to find the right home at the right price, while positioning themselves well for a potential refinance into a better rate soon. This coupled with a host of new lending programs keeping the payment low for the first few years of payback could allow for some great buying opportunities.
Watch the video to find out what’s happening with pending sales, closed sales, median prices, and the supply of inventory.
The second 8:28 video:
CHARLOTTE
Real Estate Bubble is Even Bigger Than 2008 and Financial Crisis is Coming | Wholesale Vlog 137
Dan.Buys.Houses
Nov 15, 2022
In this video, I’m discussing the real estate bubble and how it’s even bigger than the 2008 financial crisis. I also discuss the dangers of investing in the housing market and how to protect yourself from a housing crash.
Its not secret the news is tell us the recession is here, with inflation going through the roof, stock market is losing money on the daily, bitcoin firms going bankrupt, hopefully this is a motivational video for you to see you can still benefit from investing in the recession. Stop listening to these tiktok gurus that know nothing about money.
So whether you’re a homeowner or a landlord, this video is a must-watch crash course in real estate and how to buy it right! I’m giving you all the information you need to make informed decisions about the future of the real estate market.
The third 7:34 video:
Canadian Real Estate Prices Drop: October Update – Bottom in Spring?
Mark Mitchell – Mortgage Broker London Ontario
Nov 15, 2022
Canada’s real estate prices continued to fall in October, with many predicting that this might be the beginning of the end of the housing correction, and that prices could bottom by Spring of 2023.
CIBC and RBC have predicted that although prices will continue to come down, by Spring we could have bottomed out.
However, multiple analysts, and the Bank of Canada, are predicting a recession – which couldn’t technically be declared until April of 2023. And home prices, in general, fall during recessions – so its not exactly clear that Canada’s real estate correction can be over that quickly.
The fourth 19:38 video:
What Would It Take For Toronto Home Prices To Hit 2018 Levels?
Team Sessa Real Estate
Nov 15, 2022
Toronto Real Estate Market Report for the week of Nov 3 – Nov 9, 2022.
Trump 2024
Woman screams as Donald Trump is sworn in as President
https://www.youtube.com/watch?v=wDYNVH0U3cs
*1-min, 8-sec
Woman screams
There’s no hysteria like a well planned hysteria. That clip will never get old though.
Credit card balances surged from July to September as Americans continued to sink deeper in debt amid rampant inflation, the Federal Reserve Bank of New York said Tuesday.
Credit card balances increased $38 billion in the third quarter to $925 billion, the New York Fed found, with balances racing closer to pre-pandemic levels of $930 billion in the fourth quarter of 2019. Year over year, credit debt grew by 15%, the largest jump in more than 20 years.
“With prices more than 8% higher than they were a year ago, it is perhaps unsurprising that balances are increasing,” New York Fed researchers reported. “Notably, credit card balances have grown at nearly double the rate since last year. The real test will be to follow whether these borrowers will be able to continue to make the payments on their credit cards.”
https://finance.yahoo.com/news/credit-card-debt-222049660.html
“Younger borrowers — defined as those under 30 years old — registered the highest balances during the third quarter, surpassing pre-pandemic levels, the New York Fed found. Younger adults also saw the smallest reduction in their average balances in absolute terms.”
Gotcha!!