Ownership Becoming A Nightmare

1. From the first 3:45 video:

   The Q4 2022 Menlo Park Real Estate Market Review
   MILANA REAL ESTATE GROUP
   Jan 24, 2023
   Hey, I’m Milana Ostroy, the best real estate agent in the Bay Area real estate market, who updates you on the Q4 2022 Menlo Park market and the review of the Menlo Park real estate market. If you’re interested in selling or buying homes in this neighborhood, let me tell you about the real estate market, what it’s been doing, and where it’s headed for San Mateo County sales in Q4 2022. Let’s watch the Menlo Park real estate market review. Learn more http://www.milanaostroy.com/

   In this video, you know that the real estate market in San Mateo County, California in the 4th quarter of 2022 demonstrated a normal seasonal trend, at the beginning of the year. This is typical during the holiday season as prices become more negotiable and it takes longer for homes to sell.

   However, the underlying reason for the market’s sustainability is the reduction in inventory. Total sales in San Mateo County in 2021 were over 5,500 while in 2022 there were only 4,000 sales. Even though the media tries to convince us of a market crash coming, the stats show that the average price year over year lacks any significant change, meaning both appreciations isn’t significant and the market definitely isn’t crashing.

   In Menlo Park, inventory has been slashed in half compared to the third quarter of 2022. The average sale price only fell by $200,000 to $3.365 million in the fourth quarter of 2022. The sales-to-list price ratio also decreased from 105 to 99 since last year, showing that the market is still strong and not crashing.

   Menlo Park is one of the top total sales volume cities on the San Mateo County Peninsula with an annual total of over a billion dollars. However, the number of homes sold in 2022 is a lot compared to other Peninsula cities but it’s nothing compared to the 488 homes that sold in 2021. Menlo Park was a testament to the steadiness of the luxury real estate market despite the gloom and doom that the media describes our local luxury Market.

   Menlo Park condos had a history of sticking steadily in market shifts and Q4 2022 was no different compared to last quarter. The average sold price only decreased by $100,000 to $1.5 million. In line with the general Trends, the number of transactions declined significantly while the days on market almost doubled to 33 days.

   2023 is expected to be a favorable year for home buyers and investors to negotiate better deals due to low inventory in California, which is expected to drive prices up. Both individual and large investors are expected to be active in the housing market.

   The second 14:34 video:

   San Jose Market Watch | will home prices drop in 2023? | #rewtf of the week. 🦅 🌎 ⚓️
   Silicon Valley Living
   Streamed live 15 hours ago
   Weekly review of the Real Estate Market- 60 Second Snap Shot and what I think is happening. when will the housing market crash again? will home prices drop in 2023

   The third 13:42 video:

   Home Ownership Becoming A Nightmare In Brampton, Mississauga & Durham Real Estate – Jan 18
   Team Sessa Real Estate
   Jan 25, 2023

   Brampton, Mississauga, Ajax, Whitby, Pickering Real Estate Market Report for the week of Jan 12 – Jan 18, 2023.

   1. Milana Ostroy says: “…rates will come down this year…”

      If you have been riding Jerome Powell’s pony then you haven’t been paying attention to his pillow talk.

2. Redfin Slump Worsens as Housing-Market Risks Weigh on Stock

   https://finance.yahoo.com/news/redfin-slump-worsens-housing-market-173103317.html

3. Jacinda Ardern, New Zealand’s outgoing prime minister, has said leading the country was “the greatest privilege of my life”. She leaves office today having led New Zealand through its response to the worst terrorist attack in its history and the Covid pandemic.

   As the Guardian’s Tess McClure in Auckland tells Michael Safi, global adulation for Ardern, particularly in progressive circles, has made her an unlikely celebrity politician. But in New Zealand her legacy is more complex. The country – like much of the world – is in the grip of soaring inflation, and its housing is among the most expensive in the world.

   Ardern cited no longer having “enough in the tank” to continue as prime minister, but her poll ratings in recent months had dipped and, in an election year, her Labour party is projected to lose its governing majority.

   https://www.theguardian.com/news/audio/2023/jan/25/what-was-behind-jacinda-ardern-mania-and-why-did-it-end-so-suddenly-podcast

   1. “the greatest privilege of my life”

      I’m just so tired of being privilaged!

4. Renasant Bank cuts mortgage division by 30%
   National Mortgage News|13 hours ago
   “I don’t think it’s a surprise or a secret that mortgage is still volatile,” said Mitchell Waycaster, CEO of Renasant, during the company’s fourth quarter earnings call.

5. 𝗟𝗶𝘃𝗶𝗻𝗴𝘀𝘁𝗼𝗻, 𝗠𝗧 𝗛𝗼𝘂𝘀𝗶𝗻𝗴 𝗣𝗿𝗶𝗰𝗲𝘀 𝗖𝗿𝗮𝘁𝗲𝗿 𝟮𝟲% 𝗬𝗢𝗬 𝗔𝘀 𝗙𝗼𝗿𝗲𝗰𝗹𝗼𝘀𝘂𝗿𝗲𝘀 𝗔𝗻𝗱 𝗜𝗻𝘃𝗲𝗻𝘁𝗼𝗿𝘆 𝗦𝗸𝘆𝗿𝗼𝗰𝗸𝗲𝘁𝘀 𝗔𝗰𝗿𝗼𝘀𝘀 𝗠𝗼𝗻𝘁𝗮𝗻𝗮

   https://www.movoto.com/livingston-mt/market-trends/

   𝘈𝘴 𝘰𝘯𝘦 𝘳𝘦𝘢𝘭 𝘦𝘴𝘵𝘢𝘵𝘦 𝘦𝘤𝘰𝘯𝘰𝘮𝘪𝘴𝘵 𝘦𝘹𝘱𝘭𝘢𝘪𝘯𝘦𝘥, “68% 𝘰𝘧 𝘢𝘭𝘭 𝘣𝘰𝘳𝘳𝘰𝘸𝘦𝘳𝘴 𝘰𝘸𝘦 𝘮𝘰𝘳𝘦 𝘵𝘩𝘢𝘯 𝘵𝘩𝘦𝘪𝘳 𝘩𝘰𝘶𝘴𝘦 𝘪𝘴 𝘸𝘰𝘳𝘵𝘩.”

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