A report from CBC in Canada. "Since the spring, sentiment around real estate has improved.…
This Post Has 5 Comments
From the first 1 minute video:
Foreclosure Is Not The Only Option
Your Home Sold Guaranteed Realty – TradeMyHome
Foreclosure is not the only option in Bay Area. It is important for homeowners to explore all of their options before making a decision about how to handle their mortgage situation. Working with a housing counselor or an attorney can be helpful in finding the best solution for their specific situation.
The second 9 minute video:
DON’T BUY NOW Houses For Sale In Salt Lake City Utah
Dinko The Realtor
Feb 3, 2023
The inventory is almost 4 TIMES HIGHER this year in February compared to February of last year!!! That is an ASTRONOMICAL INCREASE and the Spring inventory is about to start hitting the market. Waiting until we get that Spring inventory can save you a lot of money as January is the 8th consecutive month prices have gone down and inventory is going up, which indicates that if you wait there is a good chance prices are going to be much lower once we get that pile of Spring inventory. Right now the median single family home price has dropped by almost $100,000!!!!
The third 15 minute video:
Toronto Home Prices PLUNGE Under $1 Million!
Nick Zarlenga
Feb 3, 2023
The steep cost of borrowing and the accelerated run-up of prices last January and February when the market peaked account for the extraordinary drop last month.
While short-term borrowing costs increased again in January, negotiated medium-term mortgage rates, like the five-year fixed rate, have actually started to trend lower compared to the end of last year. The expectation is that this trend will continue, further helping with affordability as we move through 2023.
There’s a standoff in the housing market with few people wanting to sell amid falling prices, and even fewer looking to buy amid higher borrowing costs.
Several in the housing market believe sidelined buyers and sellers will soon be ready to make their long-awaited moves and note many have already sprung into action.
The fourth 1:29 video:
Orleans Real Estate Update Jan 2023
Agent In Ottawa – REALTORS®
Feb 3, 2023
Housing Market Update for Orleans, February 2, 2023: There were a total of 75 home sales in Orleans in January, 2023, down 33.6%.🏠🔻 53 sales were freehold homes, vs 91 last year, and 22 sales were condos, vs 22 last year.
The average price for a Freehold House in Orleans in January was $652,338, down by 14.9%.🔻🔻 This includes all detached houses, townhomes, semi-detached homes.
The average price for a Condo in Orleans in January was $379,909, down by 14.0%.🔻🔻 This includes apartments, row units as well as stacked condos.
❓How long does it take to sell a home in Orleans?
Last month it took 40 days for homes to sell in Orleans, versus 11 days last year.
The fifth 1:36 video:
Kanata Stittsville Real Estate Update Jan 2023
Agent In Ottawa – REALTORS®
Feb 3, 2023
Housing Market Update for Kanata/Stittsville, February 2, 2023: There were a total of 65 home sales in Kanata/Stittsville in January 2023, down 39.8%. 56 sales were freehold homes vs 87 last year and 9 sales were condos vs 21 last year.
The average price for a freehold house in Kanata/Stittsville in January was $698,141, down by 15.1%. This includes detached houses, townhomes and semi-detached homes.
The average price for a condo in Kanata/Stittsville for January was $402,322, down by 19.9%. Here we include all types, such as apartments, row units and stacked condos.
How long does it take to sell a home in Kanata/Stittsville?
Last month it took 31 days for homes to sell in Kanata, versus 11 days last year.
The sixth 2:37 video:
Ontario Real Estate Market News – January 2023 update
Kyle & Franca Ahmadzai – Real Estate Advice & Tips
Feb 3, 2023
Welcome to our Ontario Real Estate Market News update for January 2023!
My name is Franca Ahmadzai, and I’m a realtor with Intercity Realty. Please take a second and click that like and subscribe button for me! I appreciate it.
Overall, the number of sales, and average selling price were similar to December. However, if we compare the year over year numbers, we see a large drop in sales and prices due to the increased borrowing costs compared to last January. No big surprise there!
We are seeing an upturn in the Ontario Real Estate market as the Bank of Canada has announced in the news that December’s interest rate hike is most likely the last one for the foreseeable future… wphew! Also, five year fixed rates in January 2023 have actually started to trend lower. This will prompt buyers to come out house shopping this spring and summer.
The seventh 13 minute video:
Worst Month Ever for Nashville Housing | Market Update
Ethan Flynn, CPA | Real Estate
Feb 4, 2023
This is an Analytical approach to the Nashville Tn Housing Market. We look at trends in active listings, median price, mortgage rates, contracts, rent rates
China reserves the right to respond to attack on balloon
The Australian Financial Review|7 hours ago
China responds to the shooting down of its suspected spy balloon; thinner trading on the weekend is part of the reason for bitcoin’s big weekend gains; analysts ignore earnings disappointments and upgrade anyway.
The F-22 that took down China’s surveillance balloon used the call sign ‘FRANK01’ in an apparent homage to a heroic pilot from WWI
YAHOO!News|2 hours ago
Frank Luke, an American fighter pilot, was nicknamed the “Arizona Balloon Buster” after shooting down 14 enemy balloons during World War I.
Sam Bankman-Fried’s Emergent Fidelity Technologies Ltd., an offshore entity that owns 55 million shares of Robinhood Markets Inc., filed for bankruptcy Friday amid a fight over who should get the stock following the collapse of FTX Group.
The Robinhood stake, worth more than $590 million at current market prices, has been seized by the US government, but its ultimate fate is unclear. A hodgepodge of parties including the Justice Department, bankrupt crypto lender BlockFi Inc., and Bankman-Fried himself, are trying to take the shares for good.
The Chapter 11 filing gives Emergent Fidelity and its liquidators — appointed by a court in Antigua — some breathing room.
From the first 1 minute video:
Foreclosure Is Not The Only Option
Your Home Sold Guaranteed Realty – TradeMyHome
Foreclosure is not the only option in Bay Area. It is important for homeowners to explore all of their options before making a decision about how to handle their mortgage situation. Working with a housing counselor or an attorney can be helpful in finding the best solution for their specific situation.
The second 9 minute video:
DON’T BUY NOW Houses For Sale In Salt Lake City Utah
Dinko The Realtor
Feb 3, 2023
The inventory is almost 4 TIMES HIGHER this year in February compared to February of last year!!! That is an ASTRONOMICAL INCREASE and the Spring inventory is about to start hitting the market. Waiting until we get that Spring inventory can save you a lot of money as January is the 8th consecutive month prices have gone down and inventory is going up, which indicates that if you wait there is a good chance prices are going to be much lower once we get that pile of Spring inventory. Right now the median single family home price has dropped by almost $100,000!!!!
The third 15 minute video:
Toronto Home Prices PLUNGE Under $1 Million!
Nick Zarlenga
Feb 3, 2023
The steep cost of borrowing and the accelerated run-up of prices last January and February when the market peaked account for the extraordinary drop last month.
While short-term borrowing costs increased again in January, negotiated medium-term mortgage rates, like the five-year fixed rate, have actually started to trend lower compared to the end of last year. The expectation is that this trend will continue, further helping with affordability as we move through 2023.
There’s a standoff in the housing market with few people wanting to sell amid falling prices, and even fewer looking to buy amid higher borrowing costs.
Several in the housing market believe sidelined buyers and sellers will soon be ready to make their long-awaited moves and note many have already sprung into action.
The fourth 1:29 video:
Orleans Real Estate Update Jan 2023
Agent In Ottawa – REALTORS®
Feb 3, 2023
Housing Market Update for Orleans, February 2, 2023: There were a total of 75 home sales in Orleans in January, 2023, down 33.6%.🏠🔻 53 sales were freehold homes, vs 91 last year, and 22 sales were condos, vs 22 last year.
The average price for a Freehold House in Orleans in January was $652,338, down by 14.9%.🔻🔻 This includes all detached houses, townhomes, semi-detached homes.
The average price for a Condo in Orleans in January was $379,909, down by 14.0%.🔻🔻 This includes apartments, row units as well as stacked condos.
❓How long does it take to sell a home in Orleans?
Last month it took 40 days for homes to sell in Orleans, versus 11 days last year.
The fifth 1:36 video:
Kanata Stittsville Real Estate Update Jan 2023
Agent In Ottawa – REALTORS®
Feb 3, 2023
Housing Market Update for Kanata/Stittsville, February 2, 2023: There were a total of 65 home sales in Kanata/Stittsville in January 2023, down 39.8%. 56 sales were freehold homes vs 87 last year and 9 sales were condos vs 21 last year.
The average price for a freehold house in Kanata/Stittsville in January was $698,141, down by 15.1%. This includes detached houses, townhomes and semi-detached homes.
The average price for a condo in Kanata/Stittsville for January was $402,322, down by 19.9%. Here we include all types, such as apartments, row units and stacked condos.
How long does it take to sell a home in Kanata/Stittsville?
Last month it took 31 days for homes to sell in Kanata, versus 11 days last year.
The sixth 2:37 video:
Ontario Real Estate Market News – January 2023 update
Kyle & Franca Ahmadzai – Real Estate Advice & Tips
Feb 3, 2023
Welcome to our Ontario Real Estate Market News update for January 2023!
My name is Franca Ahmadzai, and I’m a realtor with Intercity Realty. Please take a second and click that like and subscribe button for me! I appreciate it.
Overall, the number of sales, and average selling price were similar to December. However, if we compare the year over year numbers, we see a large drop in sales and prices due to the increased borrowing costs compared to last January. No big surprise there!
We are seeing an upturn in the Ontario Real Estate market as the Bank of Canada has announced in the news that December’s interest rate hike is most likely the last one for the foreseeable future… wphew! Also, five year fixed rates in January 2023 have actually started to trend lower. This will prompt buyers to come out house shopping this spring and summer.
The seventh 13 minute video:
Worst Month Ever for Nashville Housing | Market Update
Ethan Flynn, CPA | Real Estate
Feb 4, 2023
This is an Analytical approach to the Nashville Tn Housing Market. We look at trends in active listings, median price, mortgage rates, contracts, rent rates
China reserves the right to respond to attack on balloon
The Australian Financial Review|7 hours ago
China responds to the shooting down of its suspected spy balloon; thinner trading on the weekend is part of the reason for bitcoin’s big weekend gains; analysts ignore earnings disappointments and upgrade anyway.
The F-22 that took down China’s surveillance balloon used the call sign ‘FRANK01’ in an apparent homage to a heroic pilot from WWI
YAHOO!News|2 hours ago
Frank Luke, an American fighter pilot, was nicknamed the “Arizona Balloon Buster” after shooting down 14 enemy balloons during World War I.
Sam Bankman-Fried’s Emergent Fidelity Technologies Ltd., an offshore entity that owns 55 million shares of Robinhood Markets Inc., filed for bankruptcy Friday amid a fight over who should get the stock following the collapse of FTX Group.
The Robinhood stake, worth more than $590 million at current market prices, has been seized by the US government, but its ultimate fate is unclear. A hodgepodge of parties including the Justice Department, bankrupt crypto lender BlockFi Inc., and Bankman-Fried himself, are trying to take the shares for good.
The Chapter 11 filing gives Emergent Fidelity and its liquidators — appointed by a court in Antigua — some breathing room.
https://finance.yahoo.com/news/bankman-fried-entity-owns-robinhood-202057356.html
𝗢𝗹𝗱𝘀𝗺𝗮𝗿, 𝗙𝗟 𝗛𝗼𝘂𝘀𝗶𝗻𝗴 𝗣𝗿𝗶𝗰𝗲𝘀 𝗖𝗿𝗮𝘁𝗲𝗿 𝟮𝟮% 𝗬𝗢𝗬 𝗔𝘀 𝗧𝗮𝗺𝗽𝗮 𝗔𝗿𝗲𝗮 𝗛𝗼𝘂𝘀𝗶𝗻𝗴 𝗗𝗲𝗺𝗮𝗻𝗱 𝗗𝗶𝘀𝗶𝗻𝘁𝗲𝗴𝗿𝗮𝘁𝗲𝘀
https://www.movoto.com/oldsmar-fl/market-trends/
𝘈𝘴 𝘢 𝘯𝘰𝘵𝘦𝘥 𝘦𝘤𝘰𝘯𝘰𝘮𝘪𝘴𝘵 𝘴𝘢𝘪𝘥, “𝘐 𝘤𝘢𝘯 𝘢𝘴𝘬 $50𝘬 𝘧𝘰𝘳 𝘮𝘺 𝘳𝘶𝘯 𝘥𝘰𝘸𝘯 10 𝘺𝘦𝘢𝘳 𝘰𝘭𝘥 𝘊𝘩𝘦𝘷𝘺 𝘵𝘳𝘶𝘤𝘬 𝘣𝘶𝘵 𝘸𝘩𝘦𝘳𝘦 𝘪𝘴 𝘵𝘩𝘦 𝘣𝘶𝘺𝘦𝘳 𝘢𝘵 𝘵𝘩𝘢𝘵 𝘱𝘳𝘪𝘤𝘦? 𝘚𝘰 𝘪𝘵 𝘪𝘴 𝘸𝘪𝘵𝘩 𝘢𝘭𝘭 𝘥𝘦𝘱𝘳𝘦𝘤𝘪𝘢𝘵𝘪𝘯𝘨 𝘢𝘴𝘴𝘦𝘵 𝘭𝘪𝘬𝘦 𝘩𝘰𝘶𝘴𝘦𝘴 𝘢𝘯𝘥 𝘤𝘢𝘳𝘴.”