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Homebuyers Struggle To Close

This Post Has 10 Comments
  1. From the first 6:16 video:

    The State of the Real Estate Market in 2022
    Whissel Realty Group
    Dec 19, 2022
    In this video, San Diego Realtor Jeremy McHone takes a look at the current state of the real estate market and makes some predictions about what it will look like in 2022.

    The second 5:32 video:

    San Francisco Numbers Are In! Latest Market Update
    RISE Homes
    Dec 19, 2022
    Check out this quick 5 minute housing market update! 🙌
    San Francisco numbers speak for themselves. 👀
    Is this a good time to buy? To sell?

    The third 8 minute video:

    did the Boise housing market just crash?
    LIVING IN BOISE IDAHO & TREASURE VALLEY
    Dec 20, 2022
    The Boise housing market fell AGAIN in December 2022. Find out everything you need to know about what is happening in the Boise housing market and find out whether or not the sky really is falling so you have the best information to make decisions for yourself.

    The fourth 2 minute video:

    Ont. homebuyers struggle to close sales after interest rates rise
    CBC News: The National
    Dec 19, 2022
    A group of Ontario residents who bought pre-construction homes in a development in Brampton right before the real estate market downturn are struggling to close their deals because they can’t get mortgages following the rise in interest rates.

    The fifth 15:32 video:

    Sellers Taking Big Risks In Toronto Real Estate – Dec 14
    Team Sessa Real Estate
    Dec 20, 2022
    Toronto Real Estate Market Report for the week of Dec 8 – Dec 14, 2022.

  2. According to a recent LendingTree survey, a sizable portion of Americans believe the once-booming housing market is about to see a significant crash.

    What Happened: 41% of Americans, according to the survey that was originally reported by the New York Post, believe that the housing market will collapse within the next 12 months.

    Comparatively speaking, only 25% of respondents said they believed the industry would escape a crash, and 34% said they were unsure.

    74% of those anticipating a crash think it will be as catastrophic as, or worse than, the housing market collapse that occurred in 2008 during the Great Recession.

    https://finance.yahoo.com/news/41-americans-expect-housing-crash-153133335.html

  3. Core Scientific Inc, one of the biggest publicly traded crypto mining companies in the United States, will soon file for Chapter 11 bankruptcy protection, CNBC reported, citing one person familiar with the matter.

    The company will file for bankruptcy protection in Texas early on Wednesday morning but will not liquidate, the report published late on Tuesday said, adding that it will continue to operate normally while reaching a deal with senior security noteholders.

    https://www.msn.com/en-ca/money/topstories/bitcoin-miner-core-scientific-to-file-for-chapter-11-bankruptcy-cnbc/ar-AA15vO8x

  4. A Los Angeles jury found Harvey Weinstein guilty of raping a woman, delivering a verdict that further condemns the disgraced movie titan whose treatment of women helped spur the #MeToo movement.

    The decision all but assures that Weinstein, who is 70, in poor health and serving a 23-year prison sentence in New York for other rapes, will spend the rest of his life behind bars. He is scheduled to be sentenced in the Los Angeles case early next year, but must complete his current prison sentence before being transferred to California.

    https://www.latimes.com/world-nation/newsletter/2022-12-20/harvey-weinstein-convicted-rape-los-angeles-todays-headlines

  5. Third round of layoffs at Interfirst Mortgage brings total cuts to nearly 500
    Crain’s Chicago Business|15 hours ago
    Dmitry Godin’s rebooted mortgage operation, launched in 2020, has scaled down as fast as it scaled up. But he says the firm is in a good position now.
    Portage company announces plan to lay off 59 employees
    MLive|14 hours ago
    The Amerifirst Home Mortgage building at 950 Trade Centre Way in Portage, Michigan, on Tuesday, PORTAGE, MI — Amerifirst Home Mortgage is permanently laying off 59 employees at its company headquarters in Portage in February 2023,
    AmeriFirst Home Mortgage to cut 59 workers
    National Mortgage News|19 hours ago
    The firm said it would still originate and service loans out of the office where the cost-cutting measures will occur.

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