25% Below Asking In A Sellers Market?
Related Posts
Weโre Selling Below Cost, We Canโt Hold On To The Inventory
A report from the Daily Telegraph in Australia. "Sydneyโs supply of properties for sale has…
Staying With Your Cheapest, Most Uptight Friend โ And Paying Them For The Privilege
A report from Seven Days in Vermont. "When Moriah Stokes and Vincent Connolly purchased a…
This Post Has 13 Comments
Comments are closed.
From the first 11:40 video:
San Francisco Bay Area (โSilicon Valleyโ ๐ป) Real Estate ๐ Market Update – January 2023
Silicon Valley Living 101
Jan 28, 2023 SAN MATEO COUNTY
Has the Silicon Valley Real Estate Market shifted from a Sellersโ Market to a Buyersโ Market?
This video provides an update on the housing market in the San Francisco Bay Area, also known as โSilicon Valley.โ
I walk you through the December 2022 real estate market stats for Santa Clara County and San Mateo County. Then I share 3 case studies of recent sold and active listings in San Mateo County to bring the data to life and address the question of how extensive the shift from sellers to buyers is right now.
The second 5:37 video:
Private Lenders EXITING Canada’s Real Estate Market: Power of Sales Increase
Mark Mitchell – Mortgage Broker London Ontario
Jan 29, 2023
Canadaโs private mortgages lenders are pulling back, leading to a major increase in the number of forced real estate sales. While private mortgage lending thrived during the real estate bubble in 2020 and 2021, with declining assets and more expensive credit, many private mortgage lenders (institutional and mom and pop) are pulling out of the market.
Links:
Private lenders rein in real estate borrowers:
https://www.theglobeandmail.com/canad…
Private mortgage lending viable alternative to banks:
https://www.theglobeandmail.com/real-…
Why MICs are an ideal investment in this โnew financial orderโ:
https://www.wealthprofessional.ca/inv…
Why thereโs more trouble ahead for real estate in 2023:
https://www.thestar.com/real-estate/2…
โHELP! MUST SELL IN 30 DAYS!โ Mortgage brokers report an uptick in forced sales of GTA homes:
https://www.thestar.com/news/gta/2023…
New Ontario rules target private mortgage lenders:
https://www.theglobeandmail.com/real-…
Private Lenders Serve Borrowers Power of Sale Notices as Interest Rates Bite, Home Values Plummet:
https://thedeepdive.ca/private-lender…
Silicon Valleyโs dearest bank in major trouble
https://insidebitcoins.com/news/silicon-valleys-dearest-bank-in-major-trouble-silvergate
Residents call for action after shooting death at Seattle encampment
The city’s newly updated homelessness dashboard shows that in 2022, there were 116 shots fired, that includes shootings near an encampment, or if the victim or offender is homeless. It is an average of two shootings a week.
“When someone gets killed, it’s a sad day,” nearby resident Franklin Moon said. He described what it is like living next to the encampment, “they do their thing; we do our thing. It mostly works. I can tell it’s not great living in general. It’s a sad thing to watch America turn into that.”
https://www.msn.com/en-us/news/crime/residents-call-for-action-after-shooting-death-at-seattle-encampment/ar-AA16R1f1
Federal Reserve set to signal plans to keep raising rates even as inflation eases
The Financial Times|38 minutes ago
The Federal Reserve is poised to signal it plans to continue inflicting higher interest rates on the US economy, even as it again slows the pace at which it is raising its benchmark rate amid signs inflation has peaked.
Salon — Why the moral panic over “grooming” is so effective at manipulating the right-wing mind (1/30/2023):
“Experts explain the history of the right creating false narratives that connect LGBTQ issues to pedophilia”
Who are these alleged experts?
“Marilyn Mayo, aย Senior Research Fellow at the Anti-Defamation League’s Center on Extremism, draws a direct line between these 20th century manifestations of the pedophile smear and modern right-wing conspiracy theories…
“In general, people who are supportive of the LGBTQ community and the progress it has made are also now also being demonized and called groomers and pedophiles,” Mayo wrote to Salon. “We have seen this in numerous protests against ‘drag story hours’ and other similar events. Politicians and librarians who support such events are being harassed and threatened.”
“Right-wing extremists have also adopted the groomer narrative to further demonize LGBTQ+ people, justify harassment and violence towards the LGBTQ+ community and advance their own infiltration of the mainstream right,” Mayo told Salon. “The Proud Boys have disrupted at least 10 LGBTQ+ events since March 2022, accounting for more than half of anti-LGBTQ+ extremist event activity tracked by the ADL Center on Extremism this year.”
R. G. Craven, a Senior Research Analyst and Lead at the Intelligence Project at the Southern Poverty Law Center, observed how right-wingers have also found that accusing opponents of pedophilia chips away at their support.”
https://archive.ph/wFhG0
Who are these alleged experts?
Anti Defamation League and Southern Poverty Law Center actively promote pedophilia and mutilation of children in the public schools and libraries that your property taxes are paying for.
Yoel Roth could not be reached for comment…
Rewatched “Out of Shadows”. Liz Crokin just got her Twitter account back two weeks ago after being banned for years. Brave woman.
https://www.youtube.com/watch?v=kaKNI5TTsAo
๐ฆ๐ฎ๐ป ๐๐ถ๐ฒ๐ด๐ผ, ๐๐ ๐๐ผ๐๐๐ถ๐ป๐ด ๐ฃ๐ฟ๐ถ๐ฐ๐ฒ๐ ๐๐ฟ๐ฎ๐๐ฒ๐ฟ ๐ฎ๐ฒ% ๐ฌ๐ข๐ฌ ๐ข๐ป ๐ฆ๐ผ๐ฎ๐ฟ๐ถ๐ป๐ด ๐๐ป๐๐ฒ๐ป๐๐ผ๐ฟ๐ ๐๐ป๐ฑ ๐๐ผ๐น๐น๐ฎ๐ฝ๐๐ถ๐ป๐ด ๐๐ฒ๐บ๐ฎ๐ป๐ฑ
https://www.movoto.com/san-diego-ca/market-trends/
๐๐ด ๐ฐ๐ฏ๐ฆ ๐๐ข๐ฏ ๐๐ช๐ฆ๐จ๐ฐ ๐ฃ๐ณ๐ฐ๐ฌ๐ฆ๐ณ ๐ฆ๐น๐ฑ๐ญ๐ข๐ช๐ฏ๐ฆ๐ฅ, โ๐๐ฉ๐ช๐ด ๐ค๐ฐ๐ณ๐ณ๐ฆ๐ค๐ต๐ช๐ฐ๐ฏ ๐ฎ๐ข๐ฌ๐ฆ๐ด 2009 ๐ญ๐ฐ๐ฐ๐ฌ ๐ญ๐ช๐ฌ๐ฆ ๐ข ๐ธ๐ข๐ญ๐ฌ ๐ช๐ฏ ๐ต๐ฉ๐ฆ ๐ฑ๐ข๐ณ๐ฌ.โ
Local relitter is still crowing low supply and high demand with interest rates settling into the mid-5s later this year will keep prices high.
Reality will prevail where logic fails. At two or three times the interest burden, and drastically lower disposable income, prices must fall by over 50% for debt donkeys to make a purchase. The promise that prices will not fall too much is a hollow sales pitch. The fantasy of windfall riches is broken.
drastically lower disposable income
Gas and electric bills were horrific last month and projected to be worse this month. Grocery prices are likewise horrific. Besides the increased borrowing costs, more unexpecteds await the buyer of a 40yo $1M+ lipstick on a pig.
Gas and electric bills were horrific last month
Welcome to San Diego, owned and operated by SDG&E
Gas and electric bills were horrific
Perhaps you will get some relief. Wholesale gas prices have collapsed to below the price of a year ago. Then again, California?
Perhaps you will get some relief. Wholesale gas prices have collapsed to below the price of a year ago.
I haven’t heard anything about lower rates from Xcel.