It's Friday desk clearing time for this blogger. "The spring housing market is turning into…
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From the first 17 minute video:
Las Vegas New Homes Are Taking A Hit!!! Data, Analysis, & Why you need a Realtor more than ever!
KristenSellsVegas
Dec 15, 2022 LAS VEGAS
Special guest: Zack Schilling Simply Vegas
The second 2 minute video:
Buyers Have Disappeared in San Marcos CA | NEW Market Update
How to Sell Your House in North County San Diego
Dec 14, 2022
In this video we let you know exactly what’s happening in the real estate market in San Marcos California (92078)!
The third 4 minute video:
Steiner Ranch Housing Report – December 2022
Craig Smyser
Dec 15, 2022
The real estate market continues the downward drift and Steiner is no exception.
Craig Smyser, 1835 Realty
In November, 11 resale homes closed in Steiner Ranch which was down 50% from November 2021. We haven’t seen that few November closings since 2014. Before I get to the prices, let me say they are misleading, but I’ll explain in a minute. The median price in November decreased year-over-year by 15% to $700,000. The average price of a home decreased 12% to $787,827. The average price per square foot decreased by 3.5% to $278.91. With just 11 homes in the data set, it gets skewed because more than half are in Steiner’s entry level neighborhoods. So while prices are coming down, they have not come down this much. So let’s look at the year-to-date numbers, but these also are misleading because they include prices from the peak, though we have come down notably since then. In the first eleven months of 2022, the number of resale homes sold is 164, down 37% from the same time frame last year and down 49% from 2020. The median price of a home has increased 16% to $942,500. The average price increased by 20% to $1,113,654. The average price per square foot increased 20% to $336.94. As a reminder, in real estate, the benchmark number is the median price. With so few homes selling over the past few months and the big drop we’ve seen in prices, it’s hard to get data to provide a true actual median price. However, based on what I’m seeing in the market now, I’d say the median price is in the $850,000 to $875,000 range.
The number of available resale homes at the end of November was 38, up from 9 last November. It is the lowest number since May of this year and reflects not only fewer homes being offered for sale, but also the increased number of homes being taken off the market without selling. In fact, 10 came off the market in November, four of which were listed for lease. During November, 10 new listings hit the market which is down 23% from last year. There were 11 new contracts accepted in November, down 61% from last year.
The average sales price to list price ratio was 97.5%. For homes that closed in November, the average days on market was 67, up from 21 last year. Across Steiner, the November sales ranged from a low of $527,000 to a high of $1,550,000. During November, there were 22 price reductions on homes in Steiner.
The housing market in Steiner and throughout the country continues to be at the mercy of inflation and the Federal Reserve’s response to it. Mortgage rates have come off their highs recently, currently sitting around 6.5% for a 30-year. December is historically the month with the fewest contracts written and I expect the same this year. But even though sales are down, homes are still selling.
The fourth 12 minute video:
Improper Pricing Hurting Sellers In Vaughan, Richmond Hill & Markham Real Estate – Dec 7
Team Sessa Real Estate
Dec 15, 2022
Vaughan Home Prices, Richmond Hill Home Prices & Markham Home Prices for the week of Dec 1 – Dec 7, 2022.
REBNY Says NYC’s Rental Housing Construction Fell By 68% In Q3
Mayor Eric Adams and his team are worried a steady flow of migrants to New York City will turn into a flood when a Trump-era immigration order ends next week — with the mayor also expressing growing anxiety that neither Gov. Kathy Hochul nor President Biden have offered a helping hand.
Top City Hall officials – including Office of Emergency Management Commissioner Zach Iscol, Department of Social Services Commissioner Gary Jenkins and City Hall senior adviser Tiffany Raspberry – held a Zoom conference call where Title 42 came up repeatedly, several sources told The Post.
And even Adams admitted publicly Thursday that “no one” from the federal or state governments have come to the aid of the Big Apple with resources and services for the more than 30,000 migrants who have been bused here from the southern border since spring — let alone the thousands more expected after next week.
“Dec. 21 is a date we’re all anxious about,” one top official fearfully told the group of federal, state and city lawmakers and their staffers – referring to next week’s expiration of the pandemic-related immigration restriction known as Title 42. The order allowed border patrol to quickly expel migrants who entered the country illegally.
If NYC is getting thrown under the bus, so will Dumver. Mayor Hancock will soon learn that no help is coming from the state or the feds.
May the busloads of future doctors and astronauts continue to arrive in Dumver.
A former Twitter employee who accessed the confidential data of “users of interest” to the royal family of Saudi Arabia in exchange for bribes was sentenced Thursday to three and a half years in federal prison.
Ahmad Abouammo, 45, was convicted in August of acting as an unregistered agent of a foreign government, international money laundering and falsification of records in a federal investigation, according to the U.S. attorney’s office for the Northern District of California. He was acquitted of several wire fraud and honest services fraud charges.
“This case revealed that foreign governments will bribe insiders to obtain the user information that is collected and stored by our Silicon Valley social media companies,” U.S. Atty. Stephanie M. Hinds said in a release.
Beginning in late 2014, he began receiving bribes from a Saudi official in exchange for accessing and providing data about Twitter users who were dissidents and critics of the country, officials said.
Saudi Arabia has handed down decades-long prison sentences over comments on social media in its crackdown on dissent, drawing widespread backlash over human rights abuses — especially after Saudi security agents in 2018 killed Washington Post columnist Jamal Khashoggi, who had written critically of Saudi Crown Prince Mohammed bin Salman.
Is there anything funnier than relitters trying to sound smart and educated as they pore over the data? That first video is a great example, although I could only stomach a few minutes of it.
Englewood, CO Housing Prices Crater 16% YOY As Double Digit Price Declines Envelop Colorado
From the first 17 minute video:
Las Vegas New Homes Are Taking A Hit!!! Data, Analysis, & Why you need a Realtor more than ever!
KristenSellsVegas
Dec 15, 2022 LAS VEGAS
Special guest: Zack Schilling Simply Vegas
The second 2 minute video:
Buyers Have Disappeared in San Marcos CA | NEW Market Update
How to Sell Your House in North County San Diego
Dec 14, 2022
In this video we let you know exactly what’s happening in the real estate market in San Marcos California (92078)!
The third 4 minute video:
Steiner Ranch Housing Report – December 2022
Craig Smyser
Dec 15, 2022
The real estate market continues the downward drift and Steiner is no exception.
Craig Smyser, 1835 Realty
In November, 11 resale homes closed in Steiner Ranch which was down 50% from November 2021. We haven’t seen that few November closings since 2014. Before I get to the prices, let me say they are misleading, but I’ll explain in a minute. The median price in November decreased year-over-year by 15% to $700,000. The average price of a home decreased 12% to $787,827. The average price per square foot decreased by 3.5% to $278.91. With just 11 homes in the data set, it gets skewed because more than half are in Steiner’s entry level neighborhoods. So while prices are coming down, they have not come down this much. So let’s look at the year-to-date numbers, but these also are misleading because they include prices from the peak, though we have come down notably since then. In the first eleven months of 2022, the number of resale homes sold is 164, down 37% from the same time frame last year and down 49% from 2020. The median price of a home has increased 16% to $942,500. The average price increased by 20% to $1,113,654. The average price per square foot increased 20% to $336.94. As a reminder, in real estate, the benchmark number is the median price. With so few homes selling over the past few months and the big drop we’ve seen in prices, it’s hard to get data to provide a true actual median price. However, based on what I’m seeing in the market now, I’d say the median price is in the $850,000 to $875,000 range.
The number of available resale homes at the end of November was 38, up from 9 last November. It is the lowest number since May of this year and reflects not only fewer homes being offered for sale, but also the increased number of homes being taken off the market without selling. In fact, 10 came off the market in November, four of which were listed for lease. During November, 10 new listings hit the market which is down 23% from last year. There were 11 new contracts accepted in November, down 61% from last year.
The average sales price to list price ratio was 97.5%. For homes that closed in November, the average days on market was 67, up from 21 last year. Across Steiner, the November sales ranged from a low of $527,000 to a high of $1,550,000. During November, there were 22 price reductions on homes in Steiner.
The housing market in Steiner and throughout the country continues to be at the mercy of inflation and the Federal Reserve’s response to it. Mortgage rates have come off their highs recently, currently sitting around 6.5% for a 30-year. December is historically the month with the fewest contracts written and I expect the same this year. But even though sales are down, homes are still selling.
The fourth 12 minute video:
Improper Pricing Hurting Sellers In Vaughan, Richmond Hill & Markham Real Estate – Dec 7
Team Sessa Real Estate
Dec 15, 2022
Vaughan Home Prices, Richmond Hill Home Prices & Markham Home Prices for the week of Dec 1 – Dec 7, 2022.
REBNY Says NYC’s Rental Housing Construction Fell By 68% In Q3
https://www.bisnow.com/new-york/news/construction-development/report-proposed-nyc-rental-construction-fell-by-68-in-q3-116869
Mayor Eric Adams and his team are worried a steady flow of migrants to New York City will turn into a flood when a Trump-era immigration order ends next week — with the mayor also expressing growing anxiety that neither Gov. Kathy Hochul nor President Biden have offered a helping hand.
Top City Hall officials – including Office of Emergency Management Commissioner Zach Iscol, Department of Social Services Commissioner Gary Jenkins and City Hall senior adviser Tiffany Raspberry – held a Zoom conference call where Title 42 came up repeatedly, several sources told The Post.
And even Adams admitted publicly Thursday that “no one” from the federal or state governments have come to the aid of the Big Apple with resources and services for the more than 30,000 migrants who have been bused here from the southern border since spring — let alone the thousands more expected after next week.
“Dec. 21 is a date we’re all anxious about,” one top official fearfully told the group of federal, state and city lawmakers and their staffers – referring to next week’s expiration of the pandemic-related immigration restriction known as Title 42. The order allowed border patrol to quickly expel migrants who entered the country illegally.
https://nypost.com/2022/12/15/new-york-city-hall-worried-over-end-of-title-42-as-adams-requests-help/
Denver mayor says influx of migrants this month has put “immense strain” on city resources, issues emergency declaration
https://www.msn.com/en-us/news/us/denver-mayor-says-influx-of-migrants-this-month-has-put-immense-strain-on-city-resources-issues-emergency-declaration/ar-AA15kxuH
If NYC is getting thrown under the bus, so will Dumver. Mayor Hancock will soon learn that no help is coming from the state or the feds.
May the busloads of future doctors and astronauts continue to arrive in Dumver.
A former Twitter employee who accessed the confidential data of “users of interest” to the royal family of Saudi Arabia in exchange for bribes was sentenced Thursday to three and a half years in federal prison.
Ahmad Abouammo, 45, was convicted in August of acting as an unregistered agent of a foreign government, international money laundering and falsification of records in a federal investigation, according to the U.S. attorney’s office for the Northern District of California. He was acquitted of several wire fraud and honest services fraud charges.
“This case revealed that foreign governments will bribe insiders to obtain the user information that is collected and stored by our Silicon Valley social media companies,” U.S. Atty. Stephanie M. Hinds said in a release.
Beginning in late 2014, he began receiving bribes from a Saudi official in exchange for accessing and providing data about Twitter users who were dissidents and critics of the country, officials said.
Saudi Arabia has handed down decades-long prison sentences over comments on social media in its crackdown on dissent, drawing widespread backlash over human rights abuses — especially after Saudi security agents in 2018 killed Washington Post columnist Jamal Khashoggi, who had written critically of Saudi Crown Prince Mohammed bin Salman.
https://www.latimes.com/california/story/2022-12-15/ex-twitter-employee-took-bribes-to-obtain-user-info-for-saudi-official
Is there anything funnier than relitters trying to sound smart and educated as they pore over the data? That first video is a great example, although I could only stomach a few minutes of it.
Englewood, CO Housing Prices Crater 16% YOY As Double Digit Price Declines Envelop Colorado
https://www.movoto.com/englewood-co/market-trends/
As one Denver broker explained, “Housing prices are plunging irrespective of interest rates.”