A report from the Globe and Mail in Canada. "Every financial market you can think…
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From the first 11 minute video:
San Diego Market Watch – Real Estate Update For January 5, 2023
Eric and Deva Edelman – San Diego Homes
Jan 5, 2023
As we head into the new year, the San Diego real estate market continues to change.
New listings are picking up, and are currently outpacing closed and pending sales.
Home prices have come down from the highs of last year, and are now about even with where they were at the beginning of 2022.
The second 8:18 video:
Brampton Real Estate Market Is WORSE Than You Think Right Now – Not Clickbait
Honest real estate talk
Jan 6, 2023
Brampton real estate market had the slowest month in December 2022 for Brampton home sales.
Is the real estate market crashing? Homes are taking much longer to sell and the overall volume of homes selling is down 71% since March 2022.
See the Brampton detached home prices for the last 4 years as well as Brampton condos.
It’ll be a very tough 2023. Please do a lot of research before signing anything.
The third 9 minute video:
Is Buyer’s Remorse The New Normal?
BC Real Estate Podcast
Premiered 21 hours ago
In this video, we’re exploring the topic of buyer’s remorse. Is buyer’s remorse the new normal? And if so, how can we overcome it? Buyer’s remorse is a painful feeling that can come after making a purchase – whether it’s a big purchase like a house or a smaller purchase like a new phone. In this video, we’re exploring the topic of buyer’s remorse and what factors can lead to it. We’ll also discuss ways to overcome buyer’s remorse and move on with your life.
The fourth 8 minute video:
Foreclosure, Inventory and PRICE Drops, 2023 BOISE housing market forecast
Good News Real Estate
Jan 6, 2023 GOOD NEWS REALTY GROUP
Top 6 predictions on what is coming to the Boise housing market.
We saw 15-20% decreases in home price values last year. Will we see more price cuts? With signs of the FED holding interest rates high through 2023 will that make our housing affordability continue to decline?
With home affordability through the roof how much more inventory will be brought to the market. If builders can’t sell their current inventory and landlords see more vacancies, what will happen to the Multi Family developments?
If construction and the big tech (Meta, HP, Amazon and Micron) layoffs come what will happen to Idaho’s unemployment? All these things happening could make for a perfect storm for the Boise housing market.
Jen Shah of ‘Real Housewives’ gets 6 1/2-year prison term
At the outset of Friday’s hearing, Stein cautioned a courtroom packed with Shah’s family and friends and members of the media that he was not sentencing the person people see on television.
Stein said that person was “simply a character. It’s acting.” And he added that the housewives program “involves role playing. … It’s a heavily scripted operation.”
His words were echoed by Shah, who told the judge: “Reality TV has nothing to do with reality.”
Protesters storm Tesla store in China after price cuts
Video showed crowds chanting outside the shop. Some Tesla owners in China who took delivery in recent months expressed anger on social media that they did not qualify for the reduced prices.
Tesla also cut prices on its best-selling Model Y and Model 3 electric vehicles in Japan, South Korea and Australia in what a person with direct knowledge of the plan said was part of an effort to help stoke demand for output from its Shanghai factory, its single largest production hub.
The shift is the first major move by Tesla since appointing its lead executive for China and Asia, Tom Zhu, to oversee global output and deliveries that have been at the heart of the company’s recent challenges after falling short of its 2022 delivery target.
Reuters was able to verify the location of the protest video by matching the features of the store and its surroundings visible in the video, with features of the store and its surroundings visible on Baidu Maps and in social media posts on Chinese social media app DianPing.
Amid the turmoil, some institutional clients pulled deposits from Silvergate accounts and switched to less risky positions, taking a “huge pause” from crypto, Silvergate Chief Executive Officer Alan Lane said on a call with analysts.
“We had clients that were proprietary traders, market makers that had been doing business with each other for sometimes six to eight years,” said the firm’s president, Ben Reynolds. “They just stopped doing business with each other and essentially pulled out all their deposits.”
Some clients desperately needed whatever cash they could muster to make ends meet. By year-end, about $150 million of Silvergate’s deposits came from clients in bankruptcy proceedings, the bank said.
The average for a 30-year, fixed loan was 6.48%, up from 6.42% last week and the highest since early December, Freddie Mac said in a statement Thursday. “Mortgage application activity sunk to a quarter century low this week as high mortgage rates continue to weaken the housing market,” said Sam Khater, Freddie Mac’s chief economist.
With inflation still running hotter than the central bank would like, policymakers last month affirmed their commitment to monetary tightening and signaled that rates will probably stay elevated for some time, according to meeting minutes released Wednesday.
A high school student in Las Vegas died while playing flag football on Thursday night.
The student – who was later identified by the Clark County Coroner’s office as 16-year-old Ashari Hughes – was in the middle of a game when she started experiencing chest problems, a family member told KVVU-TV. She had gone to the sidelines to rest when she collapsed.
Ian Salzman, the principal of Desert Oasis High School where Hughes attended, said in an email to parents obtained by KLAS-TV that “staff immediately began providing medical aid and continued until paramedics arrived,” but she did not survive.
The number of immigrants arriving from South and Central America has more than tripled since Denver’s mayor declared the humanitarian crisis had pushed the city to its breaking point three weeks ago.
The crisis, which began spilling into Denver from America’s porous border with Mexico a few months ago and ballooned into a full-blown emergency in Denver, has also threatened to sour the relationship between New York City and Colorado’s Democratic governments. Colorado is actively sending immigrants to their “desired destination” — meaning cities in other states, notably New York City and Chicago.
About 70% of the Denver arrivals are traveling on to New York City, Chicago, Atlanta and Miami, the Governor’s Office said in an email to the Denver Gazette.
Officials and nonprofit workers have offered theories why the immigrants have picked Denver as a destination. While city officials point to El Paso’s relative proximity to Denver, organizations that support the immigrant community highlight the resources and diversity in the community, as well as its status as a “sanctuary city.”
Both Hancock and Polis have called on the federal government to respond to the humanitarian crisis by enacting real immigration reform.
Their action to send the immigrants to New York City drew the ire of Big Apple’s mayor, Eric Adams, who sharply criticized Polis for Colorado’s decision to send immigrants to his city’s doorstep.
“At one time we had to deal with Republican governors sending migrants to New York,” Adams said during a press conference this week. Now we’re dealing with Democratic governors sending migrants to New York. This is just unfair. It’s unfair to El Paso. It’s unfair to Chicago, Houston, Washington, New York City. This is unacceptable, what’s happening.
Politico earlier quoted Chicago Mayor Lori Lightfoot as sharply criticizing Polis and calling Colorado’s move “inhumane.”
“It is simply inhumane for any governor, whether Republican or Democrat, to address this challenge by giving these poor, traumatized migrants a one-way ticket out of town and washing their hands of the matter at our literal and figurative expense,” Lightfoot told Politico in a statement. “For shame.”
Let’s see: we can spend tens of thousands of dollars we don’t have to feed, clothe and house each new arrival , plus deal with the crime they will generate, or we can spend $200 and send them somewhere else. Decisions, decisions.
Send them to the people who welcomed them into your home.
Technically, the city of Dumver welcomes them.They just weren’t expecting to get stuck with more and more of them. And the Venezuelans and Central Americans won’t integrate with the local Mexican community.
Per the latest “Twitter Files,” when Rep. Adam Schiff (D-Calif.) demanded Twitter suspend his critics or label their content “misinformation” and reduce their visibility, the platform refused, cheers Jonathan Turley at The Hill. Even “at the height of Twitter’s censorship operations,” it seems, “there were some things even Twitter’s censors” wouldn’t do. Schiff, meanwhile, claims he doesn’t support censorship, yet he “actively” sought to silence “specific critics on social media.” His demands “likely were viewed as more than ‘requests,’ ” since Schiff threatened “legislative action against” these companies. Not only do his actions “show how dishonest some politicians have been in denying” they support censorship; they also show “the insatiable appetite” censorship creates.
AmeriFirst Financial stopped funding loans in December
National Mortgage News|12 hours ago
AmeriFirst Financial is closing shop, an executive from the Mesa, Arizona-based company confirmed. Many of its employees are said to be heading over to American Pacific Mortgage. The lender stopped funding loans at the end of December
Bankers sue Rocket for allegedly failing to pay overtime wages
HousingWire|12 hours ago
The lawsuit claims that Rocket employees faced intense pressure to bring in business but were not paid for the extra time they worked.
Redfin CEO predicts ‘terrible consolidation’ in the real-estate sector, but says it will ultimately be good for the industry
MarketWatch on MSN.com|7 hours ago
The real-estate sector is in crisis amid the housing downturn. Expect more pain to come before things start to normalize, one housing chief says.
From the first 11 minute video:
San Diego Market Watch – Real Estate Update For January 5, 2023
Eric and Deva Edelman – San Diego Homes
Jan 5, 2023
As we head into the new year, the San Diego real estate market continues to change.
New listings are picking up, and are currently outpacing closed and pending sales.
Home prices have come down from the highs of last year, and are now about even with where they were at the beginning of 2022.
The second 8:18 video:
Brampton Real Estate Market Is WORSE Than You Think Right Now – Not Clickbait
Honest real estate talk
Jan 6, 2023
Brampton real estate market had the slowest month in December 2022 for Brampton home sales.
Is the real estate market crashing? Homes are taking much longer to sell and the overall volume of homes selling is down 71% since March 2022.
See the Brampton detached home prices for the last 4 years as well as Brampton condos.
It’ll be a very tough 2023. Please do a lot of research before signing anything.
The third 9 minute video:
Is Buyer’s Remorse The New Normal?
BC Real Estate Podcast
Premiered 21 hours ago
In this video, we’re exploring the topic of buyer’s remorse. Is buyer’s remorse the new normal? And if so, how can we overcome it? Buyer’s remorse is a painful feeling that can come after making a purchase – whether it’s a big purchase like a house or a smaller purchase like a new phone. In this video, we’re exploring the topic of buyer’s remorse and what factors can lead to it. We’ll also discuss ways to overcome buyer’s remorse and move on with your life.
The fourth 8 minute video:
Foreclosure, Inventory and PRICE Drops, 2023 BOISE housing market forecast
Good News Real Estate
Jan 6, 2023 GOOD NEWS REALTY GROUP
Top 6 predictions on what is coming to the Boise housing market.
We saw 15-20% decreases in home price values last year. Will we see more price cuts? With signs of the FED holding interest rates high through 2023 will that make our housing affordability continue to decline?
With home affordability through the roof how much more inventory will be brought to the market. If builders can’t sell their current inventory and landlords see more vacancies, what will happen to the Multi Family developments?
If construction and the big tech (Meta, HP, Amazon and Micron) layoffs come what will happen to Idaho’s unemployment? All these things happening could make for a perfect storm for the Boise housing market.
Jen Shah of ‘Real Housewives’ gets 6 1/2-year prison term
At the outset of Friday’s hearing, Stein cautioned a courtroom packed with Shah’s family and friends and members of the media that he was not sentencing the person people see on television.
Stein said that person was “simply a character. It’s acting.” And he added that the housewives program “involves role playing. … It’s a heavily scripted operation.”
His words were echoed by Shah, who told the judge: “Reality TV has nothing to do with reality.”
https://www.ctvnews.ca/entertainment/jen-shah-of-real-housewives-gets-6-1-2-year-prison-term-1.6220622
Protesters storm Tesla store in China after price cuts
Video showed crowds chanting outside the shop. Some Tesla owners in China who took delivery in recent months expressed anger on social media that they did not qualify for the reduced prices.
Tesla also cut prices on its best-selling Model Y and Model 3 electric vehicles in Japan, South Korea and Australia in what a person with direct knowledge of the plan said was part of an effort to help stoke demand for output from its Shanghai factory, its single largest production hub.
The shift is the first major move by Tesla since appointing its lead executive for China and Asia, Tom Zhu, to oversee global output and deliveries that have been at the heart of the company’s recent challenges after falling short of its 2022 delivery target.
Reuters was able to verify the location of the protest video by matching the features of the store and its surroundings visible in the video, with features of the store and its surroundings visible on Baidu Maps and in social media posts on Chinese social media app DianPing.
https://news.yahoo.com/protesters-storm-tesla-store-china-062442662.html
Amid the turmoil, some institutional clients pulled deposits from Silvergate accounts and switched to less risky positions, taking a “huge pause” from crypto, Silvergate Chief Executive Officer Alan Lane said on a call with analysts.
“We had clients that were proprietary traders, market makers that had been doing business with each other for sometimes six to eight years,” said the firm’s president, Ben Reynolds. “They just stopped doing business with each other and essentially pulled out all their deposits.”
Some clients desperately needed whatever cash they could muster to make ends meet. By year-end, about $150 million of Silvergate’s deposits came from clients in bankruptcy proceedings, the bank said.
https://finance.yahoo.com/news/crypto-panic-silvergate-spawns-breed-140950374.html
The average for a 30-year, fixed loan was 6.48%, up from 6.42% last week and the highest since early December, Freddie Mac said in a statement Thursday. “Mortgage application activity sunk to a quarter century low this week as high mortgage rates continue to weaken the housing market,” said Sam Khater, Freddie Mac’s chief economist.
With inflation still running hotter than the central bank would like, policymakers last month affirmed their commitment to monetary tightening and signaled that rates will probably stay elevated for some time, according to meeting minutes released Wednesday.
https://finance.yahoo.com/news/us-mortgage-rates-climb-second-170000952.html
A high school student in Las Vegas died while playing flag football on Thursday night.
The student – who was later identified by the Clark County Coroner’s office as 16-year-old Ashari Hughes – was in the middle of a game when she started experiencing chest problems, a family member told KVVU-TV. She had gone to the sidelines to rest when she collapsed.
Ian Salzman, the principal of Desert Oasis High School where Hughes attended, said in an email to parents obtained by KLAS-TV that “staff immediately began providing medical aid and continued until paramedics arrived,” but she did not survive.
https://news.yahoo.com/las-vegas-teen-flag-football-022935359.html
100% safe and effective.
The number of immigrants arriving from South and Central America has more than tripled since Denver’s mayor declared the humanitarian crisis had pushed the city to its breaking point three weeks ago.
The crisis, which began spilling into Denver from America’s porous border with Mexico a few months ago and ballooned into a full-blown emergency in Denver, has also threatened to sour the relationship between New York City and Colorado’s Democratic governments. Colorado is actively sending immigrants to their “desired destination” — meaning cities in other states, notably New York City and Chicago.
About 70% of the Denver arrivals are traveling on to New York City, Chicago, Atlanta and Miami, the Governor’s Office said in an email to the Denver Gazette.
Officials and nonprofit workers have offered theories why the immigrants have picked Denver as a destination. While city officials point to El Paso’s relative proximity to Denver, organizations that support the immigrant community highlight the resources and diversity in the community, as well as its status as a “sanctuary city.”
Both Hancock and Polis have called on the federal government to respond to the humanitarian crisis by enacting real immigration reform.
Their action to send the immigrants to New York City drew the ire of Big Apple’s mayor, Eric Adams, who sharply criticized Polis for Colorado’s decision to send immigrants to his city’s doorstep.
“At one time we had to deal with Republican governors sending migrants to New York,” Adams said during a press conference this week. Now we’re dealing with Democratic governors sending migrants to New York. This is just unfair. It’s unfair to El Paso. It’s unfair to Chicago, Houston, Washington, New York City. This is unacceptable, what’s happening.
Politico earlier quoted Chicago Mayor Lori Lightfoot as sharply criticizing Polis and calling Colorado’s move “inhumane.”
“It is simply inhumane for any governor, whether Republican or Democrat, to address this challenge by giving these poor, traumatized migrants a one-way ticket out of town and washing their hands of the matter at our literal and figurative expense,” Lightfoot told Politico in a statement. “For shame.”
https://denvergazette.com/news/local/number-of-immigrants-in-denver-triples-since-emergency-declaration/article_90ea6e96-8e07-11ed-a916-4b55f8aade66.html
Let’s see: we can spend tens of thousands of dollars we don’t have to feed, clothe and house each new arrival , plus deal with the crime they will generate, or we can spend $200 and send them somewhere else. Decisions, decisions.
Send them to the people who welcomed them into your home.
Technically, the city of Dumver welcomes them.They just weren’t expecting to get stuck with more and more of them. And the Venezuelans and Central Americans won’t integrate with the local Mexican community.
Per the latest “Twitter Files,” when Rep. Adam Schiff (D-Calif.) demanded Twitter suspend his critics or label their content “misinformation” and reduce their visibility, the platform refused, cheers Jonathan Turley at The Hill. Even “at the height of Twitter’s censorship operations,” it seems, “there were some things even Twitter’s censors” wouldn’t do. Schiff, meanwhile, claims he doesn’t support censorship, yet he “actively” sought to silence “specific critics on social media.” His demands “likely were viewed as more than ‘requests,’ ” since Schiff threatened “legislative action against” these companies. Not only do his actions “show how dishonest some politicians have been in denying” they support censorship; they also show “the insatiable appetite” censorship creates.
https://nypost.com/2023/01/06/even-twitter-nixed-schiff-censorship-putting-weed-over-transit-and-other-commentary/
AmeriFirst Financial stopped funding loans in December
National Mortgage News|12 hours ago
AmeriFirst Financial is closing shop, an executive from the Mesa, Arizona-based company confirmed. Many of its employees are said to be heading over to American Pacific Mortgage. The lender stopped funding loans at the end of December
Bankers sue Rocket for allegedly failing to pay overtime wages
HousingWire|12 hours ago
The lawsuit claims that Rocket employees faced intense pressure to bring in business but were not paid for the extra time they worked.
Redfin CEO predicts ‘terrible consolidation’ in the real-estate sector, but says it will ultimately be good for the industry
MarketWatch on MSN.com|7 hours ago
The real-estate sector is in crisis amid the housing downturn. Expect more pain to come before things start to normalize, one housing chief says.
𝗖𝗲𝗻𝘁𝗲𝗻𝗻𝗶𝗮𝗹, 𝗖𝗢 𝗛𝗼𝘂𝘀𝗶𝗻𝗴 𝗣𝗿𝗶𝗰𝗲𝘀 𝗖𝗿𝗮𝘁𝗲𝗿 𝟭𝟲% 𝗬𝗢𝗬 𝗔𝘀 𝗗𝗼𝘂𝗯𝗹𝗲 𝗗𝗶𝗴𝗶𝘁 𝗣𝗿𝗶𝗰𝗲 𝗗𝗲𝗰𝗹𝗶𝗻𝗲𝘀 𝗕𝗹𝗮𝗻𝗸𝗲𝘁 𝗗𝗲𝗻𝘃𝗲𝗿 𝗔𝗿𝗲𝗮
https://www.movoto.com/centennial-co/market-trends/
𝘈𝘴 𝘢 𝘯𝘰𝘵𝘦𝘥 𝘦𝘤𝘰𝘯𝘰𝘮𝘪𝘴𝘵 𝘴𝘢𝘪𝘥, “𝘐 𝘤𝘢𝘯 𝘢𝘴𝘬 $50𝘬 𝘧𝘰𝘳 𝘮𝘺 𝘳𝘶𝘯 𝘥𝘰𝘸𝘯 10 𝘺𝘦𝘢𝘳 𝘰𝘭𝘥 𝘊𝘩𝘦𝘷𝘺 𝘱𝘪𝘤𝘬𝘶𝘱 𝘣𝘶𝘵 𝘸𝘩𝘦𝘳𝘦 𝘪𝘴 𝘵𝘩𝘦 𝘣𝘶𝘺𝘦𝘳 𝘢𝘵 𝘵𝘩𝘢𝘵 𝘱𝘳𝘪𝘤𝘦? 𝘚𝘰 𝘪𝘵 𝘪𝘴 𝘸𝘪𝘵𝘩 𝘢𝘭𝘭 𝘥𝘦𝘱𝘳𝘦𝘤𝘪𝘢𝘵𝘪𝘯𝘨 𝘢𝘴𝘴𝘦𝘵𝘴 𝘭𝘪𝘬𝘦 𝘩𝘰𝘶𝘴𝘦𝘴 𝘢𝘯𝘥 𝘤𝘢𝘳𝘴.”