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Job Loss Could Lead To More Listings And Potentially Lower Prices

This Post Has 13 Comments
  1. From the first 8:34 video:

    Zillow-MAJOR Home Price Crash Across Boise Housing Market. Home Builders Stuck
    Good News Real Estate
    Jan 18, 2023 BOISE
    Builders are negotiating their prices but you need to make sure that you are asking for them. In the Boise and the Twin Falls markets builders are selling homes for less and less. In the video, we will show you the credits they are offering and the amount that they are dropping. Lennar, Brighton, Hayden, Toll Brothers, Open Door. Take these same tools to drop the price on your next home purchase.

    Here are what other organizations and firms are predicting: predicts home prices will still rise 5.4% in 2023, while mortgage rates will average 7.4%.
    Freddie Mac forecasts U.S. home prices will drop by only a slight 0.2%, with an average mortgage rate of 6.4%.
    Redfin predicts the median U.S. home sale price will fall 4% in 2023
    Capital Economics predicts 2023 will be the “worst year for sales since 2011,” and expects house prices to drop 6% this year, which would result in a peak-to-trough drop of about 8% to 10%.
    Moody’s Analytics expects a peak-to-trough U.S. home price decline of 10% or a 15% to 20% decline if a recession hits, Fortune reported.
    John Burns Real Estate Consulting now expects U.S. home prices to fall 20% to 22%, Fortune reported, based on the assumption that mortgage rates linger close to 6% through the year.

    The second 3:51 video:

    New Homes for Sale in Milpitas | Recent Home Sale | Open House Sunday | Home Pricing is the Key
    Debbie Indihar Giordano of Master Brokers
    Jan 19, 2023
    Welcome to our weekly video update. We’re closing escrow on 1010 Big Bear Court, Milpitas. Originally listed close to $1.5M, it was sold for $1.25M after 2 price reductions. So, pricing still holds the key. There will be an open house this Sunday 1/22/23 from 2:00 pm – 4:00 pm at 1945 Messina Drive, San Jose – a Single-family Condominium priced at $628,888. The property has received over 4k views online showing buyers are on the lookout for the right property, priced right.

    The third 8:31 video:

    Silicon Valley Lay Offs Impacting The Housing Market! | San Mateo Market Update
    RISE Homes
    Jan 18, 2023
    Silicon Valley layoffs and the latest housing market update in San Mateo paint a mixed picture for local homeowners and buyers 😳

    While property values remain high, job loss could lead to more listings and potentially lower prices 🧮

    The fourth 11:17 video:

    When Will the Housing Prices DROP in Salt Lake City Utah
    Living in Salt Lake City Utah
    Jan 18, 2023
    Are you curious what is happening in the Salt Lake City Utah housing market? You’re probably wondering if housing prices are dropping in Salt Lake City Utah. Are you curious if the market is going to crash?

    The fifth 5:12 video:

    Denver Real Estate Market Update December 2022 – The Market Continues To Cool
    Jill Upleger Denver Real Estate
    Jan 18, 2023
    ➡️ What a year! In December we saw the market continue to cool, with days on market and price reductions increasing. We’ll review market statistics and discuss the current Denver Metro real estate market.

    The sixth 12:24 video:

    Lower Prices & More Listings In Vaughan, Richmond Hill & Markham Real Estate – Jan 11
    Team Sessa Real Estate
    Jan 19, 2023

    Vaughan Home Prices, Richmond Hill Home Prices & Markham Home Prices for the week of Jan 5 – Jan 11, 2022.

  2. Coldwell Banker planning to shutter some offices around Chicago
    The Real Deal|8 hours ago
    Coldwell Banker Real Estate is closing several offices in Chicagoland, but specifics on which offices and layoffs are unclear

    Former CA Technologies office park in Islandia sold at steep discount
    Newsday|2 hours ago
    Investors bought the former CA Technologies headquarters at enough of a discount that they have time to test the demand for a palatial office park, largely as is, before falling back on a more sweeping plan to redevelop it.

    Home price drop will lift purchase market, Rocket CFO says
    National Mortgage News|12 hours ago
    To monitor the health of lenders still operating, industry watchers should observe firms’ abilities to meet covenant requirements, renew warehouse lines of credits and their activity in the mortgage servicing rights market

    More than $10B in value has been wiped among commercial properties facing distress
    The Business Journals|21 hours ago
    An analysis by The Business Journals found $10.3 billion in commercial property value has disappeared among a sampling of 599 loans on properties nationally facing some amount of distress.

    Former LA city councilman José Huizar to plead guilty to bribery and tax evasion
    The Real Deal|10 hours ago
    Politician admits to accepting cash, hotel stays and loans from developers in exchange for project approval votes.

    Socialist Sawant not seeking Seattle City Council reelection
    Idaho Statesman|13 hours ago
    Seattle City Councilmember Kshama Sawant, the most senior member of the Council and the city’s only elected socialist, will not seek reelection when her term expires in December.

    Early Condo Buyers Get Cold Feet in Toronto|13 hours ago
    Condo buyers who can no longer afford the mortgages for pre-construction condo deals are contacting brokers to try to get out of these purchase agreements with developers. These buyers are telling agents they are increasingly concerned that they’ll be unable to close their purchase agreements because of higher interest rates

  3. Google’s parent Alphabet Inc is eliminating about 12,000 jobs, or 6% of its workforce, the company said Friday, in the latest cuts to shake the technology sector.

    Sundar Pichai, Alphabet’s CEO, said in a staff memo shared with Reuters that the company had rapidly expanded headcount in recent years “for a different economic reality than the one we face today.”

    “I take full responsibility for the decisions that led us here,” he said.

    The cuts come days after rival Microsoft Corp said it would lay off 10,000 workers.

    Alphabet’s job losses affect teams across the company including recruiting and some corporate functions, as well as some engineering and products teams.

    The layoffs are global and impact U.S. staff immediately.

    1. “I take full responsibility for the decisions that led us here,” he said.

      But he won’t be losing his job, not that it would matter as he is clearly a multi-millionaire. Now those poor slobs with an oversized bay area mortgage, they might have a problem.

  4. The Washington Post is globalist scum media.

    Note that this article does not mention once the amount of disability and death among the allegedly “vaccinated” in New Zealand.

    Ardern covid policy was her ‘greatest legacy’ — but led to her resignation (1/20/2023):

    “Jacinda Ardern was on a work trip to a beach town in northern New Zealand almost exactly a year ago when her van was suddenly surrounded by anti-vaccine protesters. They called the prime minister a “Nazi” for requiring some workers get a coronavirus vaccine, and chanted “shame on you.” Some screamed obscenities. When a car tried to block Ardern’s exit, her van was forced to drive onto the curb to escape.

    A little more than a month later, however, protests outside Parliament against vaccine mandates literally exploded into flames. Demonstrators set their own tents and gas canisters ablaze. Protesters pelted police with the same paving stones on which they’d written warnings to Ardern and other politicians that they’d “hang them high.” More than 120 people were arrested.

    This time, Ardern didn’t shrug. Instead, she seemed angry and baffled.
    “One day, it will be our job to try to understand how a group of people could succumb to such wild and dangerous mis- and disinformation,” she said.”

    The Washington Post and the New York Times *ARE* the disinformation.

    “I think it will probably be her greatest legacy,” said Michael Baker, an epidemiologist who served as an outside adviser to Ardern’s government during the pandemic. He likened Ardern to Winston Churchill, who shepherded the United Kingdom though World War II only to lose the 1945 election.

    “It’s very hard to even imagine navigating through such an extreme threat that has been so prolonged,” he said. “At the end of it there was a deep bitterness over the experience people had been through, and unfortunately to some extent it’s been directed at her even though she’s done an extraordinary job.”

    Michael Baker is a communist.

    “From a public health view it saved many lives, but it had this political cost,” Baker admits. “It probably contributed to the intensity of the anti-vaccine movement in that it was seized on by some groups who called it the ‘overreach’ of the state.”

    Overreach? Michael Baker, you are guilty of participating in a MEDICAL GENOCIDE.

    “Protesters began following her around the country, from the van incident in the northern seaside town of Paihia in January last year to a similar incident in the South Island a few weeks later, when Ardern visited an elementary school only to be called a “murderer” by protesters waiting outside.

    By then, hundreds of anti-mandate and anti-vaccine protesters had gathered on the lawn of Parliament in Wellington. Some put up signs that mocked Ardern in misogynistic fashion or compared her to Hitler. Others hung nooses reminiscent of the Jan. 6, 2021, assault on the American capital.

    The rise in extremist rhetoric and baseless theories in New Zealand has been partly fueled by far-right movements in the United States and Europe, Jackson said, including pundits such as Tucker Carlson, who often took aim at Ardern. The prime minister herself called it an “imported style of protest that we have not seen in New Zealand before.”

    “The nooses, the misogyny, the hate, the level of people advocating violence, people threatening to hang politicians, that’s not part of the New Zealand tradition of politics,” said Alexander Gillespie, professor of law at the University of Waikato.

    The only good communist is a dead communist.

    The Day Of The Rope is coming…

    1. Epoch Times linked via ZeroSludge.

      CDC Knowingly Left Serious Adverse Events Off Post-Vaccination Surveys, Documents Show (1/19/2023):

      “The U.S. Centers for Disease Control and Prevention (CDC) didn’t include serious adverse events like heart inflammation on post-vaccination surveys even though the agency knew the issues could be linked to COVID-19 vaccines, documents show.

      Even before the surveys were rolled out in December 2020 after the first vaccines were authorized, the CDC knew that myocarditis—a form of heart inflammation since confirmed as being caused by the Pfizer and Moderna shots—and other serious adverse events were of “special interest” when it came to the vaccines, according to a newly disclosed version of the protocol for the survey system.”

      Anyone who ever advocated for vaccine mandates or vaccine passports is guilty of medical genocide.

    2. She served her purpose to the WEF and has been told to resign. I’m sure she will be appointed to some corporate boards and might even quietly leave Kiwiland after the dust settles and all the focus is on her WEF selected replacement.

        1. I will wait to see what her replacement is like. I’m sure the new Prime Minister will be more charismatic and likable and won’t say stupid things like “the government is the sole source of truth”. But if the policies do not change, is it really a defeat for the globalists, or is it just a tactical move?

          1. Why did she quit? Most likely there was no political path forward. She was unpopular because of her draconian CCP virus acts. It was rejected by the people. So she goes from being the ‘sole source of truth’ to a hated powerless a$$hat. It’s the policy that was defeated without even an election.

  5. 𝗖𝗼𝗹𝗼𝗿𝗮𝗱𝗼 𝗦𝗽𝗿𝗶𝗻𝗴𝘀, 𝗖𝗢 𝗛𝗼𝘂𝘀𝗶𝗻𝗴 𝗣𝗿𝗶𝗰𝗲𝘀 𝗖𝗿𝗮𝘁𝗲𝗿 𝟭𝟲% 𝗬𝗢𝗬 𝗔𝘀 𝗖𝗼𝗻𝘀𝘁𝗿𝘂𝗰𝘁𝗶𝗼𝗻 𝗖𝗼𝘀𝘁𝘀 𝗦𝗹𝗶𝗽 𝗨𝗻𝗱𝗲𝗿 $𝟱𝟬 𝗣𝗲𝗿 𝗦𝗾𝘂𝗮𝗿𝗲 𝗙𝗼𝗼𝘁

    𝘈𝘴 𝘰𝘯𝘦 𝘯𝘢𝘵𝘪𝘰𝘯𝘢𝘭 𝘣𝘳𝘰𝘬𝘦𝘳 𝘦𝘹𝘱𝘭𝘢𝘪𝘯𝘦𝘥, “𝘏𝘰𝘶𝘴𝘪𝘯𝘨 𝘱𝘳𝘪𝘤𝘦𝘴 𝘢𝘳𝘦 𝘧𝘢𝘭𝘭𝘪𝘯𝘨 𝘪𝘯 𝘢𝘭𝘭 50 𝘴𝘵𝘢𝘵𝘦𝘴. 𝘐 𝘩𝘰𝘱𝘦 𝘯𝘰 𝘰𝘯𝘦 𝘱𝘢𝘪𝘥 𝘵𝘰𝘰 𝘮𝘶𝘤𝘩.”

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