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Stats Show A BAD Start To The Year For Real Estate

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  1. From the first 7:38 video:

    Burlington Detached Home Prices TANK 25% in Just 1 Year. Burlington January Update
    Honest real estate talk
    Vic Singh
    Feb 8, 2023
    Burlington real estate prices did not have a strong start to the year 2023. Burlington detached homes dropped 25% in just 1 year. See prices for Burlington detached homes, freehold townhouses and Burlington condos.

    Moving to Burlington Ontario? Watch this market update to know exactly how the real estate market is doing here. No sales bias.

    The second 10:25 video:

    Bay Area Real Estate Down In January
    Living In The East Bay
    Mac Rogers
    Associate Broker
    Feb 8, 2023 CASTRO VALLEY
    It seems like the Bay Area real estate market is still going down. Atleast that’s what the January numbers are showing. But have we turned the corner? With mortgage rates stabilizing and with still the lack of housing inventory, are home buyers coming back? Housing remains one of the biggest concerns for people living in the bay area.

    The third 12:11 video:

    Worst January Since 2018, Big Losses in BC and Ontario, 2023 Canadian Real Estate Market
    Jon Flynn Broker of Record, Flynn Real Estate Inc.
    Feb 7, 2023
    January Stats show a BAD start to the year for Canadian Real Estate. Housing Data from Vancouver, Calgary, Winnipeg, Toronto, Ontario, Montreal, Quebec and Nova Scotia. Most areas head for 20%+ declines in the next few months.

    The fourth 8 minute video:

    Selling Your House In Milton? Watch BEFORE You List. BRUTAL January Stats.
    Honest real estate talk
    Vic Singh
    Feb 8, 2023
    Milton real estate activity is not off to a strong start in 2023. Only 64 homes sold in Milton on the Toronto Real Estate Board.
    Moving to Milton Ontario? See how the market is doing here before you find your dream home.
    Selling your house in Milton? The market is not great. Get the real stats here without any sales bias so you know exactly how long it will take to sell your house and if it’s even worth selling at this time.

    The fifth 16:30 video:

    Lowest January On Record In Brampton, Mississauga & Durham Real Estate – Feb 1
    Team Sessa Real Estate
    Feb 8, 2023 CANADA
    Brampton, Mississauga, Ajax, Whitby, Pickering Real Estate Market Report for the week of Jan 26 – Feb 1, 2023.

  2. JPMorgan Cuts Hundreds More Mortgage Workers Amid Housing Woes
    YAHOO!Finance|13 hours ago
    JPMorgan Chase & Co. cut hundreds of mortgage employees this week, adding to job losses across the industry as home-lending businesses continue to be hurt by elevated interest rates.

    Flyhomes Survey: 78% of Aspiring Homeowners Have Slowed or Stopped Their Home Search, Overwhelming Majority Cite Interest Rates
    TMCnet|19 hours ago
    A January 2023 survey of aspiring homeowners in the United States 18+ years of age who hope to buy a home within the next 36 months found that 78% have slowed or stopped their search altogether. When respondents were asked to select the reasons for pulling back,

    Anthony Hsieh steps down as loanDepot’s executive chairman
    HousingWire|15 hours ago
    Hsieh is stepping down due to a mutual agreement unanimously approved by … and Pamela Hughes Patenaude, a housing policy expert who once served as a deputy secretary of HUD. Hsieh has previously committed to vote for a representative of Parthenon …

    Why did meth contamination shut down so many libraries in Denver suburbs?
    Denver Post on MSN.com|21 hours ago
    Libraries in three Denver suburbs, and the city of Boulder, have undergone extended closures in the last six weeks after meth users lit up in public bathrooms, leaving in their wake a toxic drug residue that’s costing taxpayers hundreds of thousands of dollars to clean up.

    UK Property Surveyors Say Buyers Disappearing After Rate Rise
    Bloomberg L.P.|10 hours ago
    UK property surveyors said the housing market settled further into hibernation in January as buyer inquiries, agreed sales and new instructions to sell all fell again. The lackluster activity, driven by higher interest rates and the tightest cost-of-living …

    Houston home sales fall for the tenth time, even as easing mortgage rates pull some buyers back
    Houston Chronicle|9 hours ago
    Nationally there are signs that an easing of mortgage rates are slowly luring buyers to the market. After peaking at about 7.08 percent in the fall, the average rate for a 30-year fixed- rate mortgage have see-sawed their way down to 6.09 percent …

    Zoom CEO Takes A Pay Cut After Laying Off 1,300 Employees And Sends Stock Price Soaringโ€”Earning Him More Money
    Forbes|20 hours ago
    If you look back at the tech companies that instituted layoffs, stock buybacks and calling for CEOs to cut their pay, the share price of their company stock popped after the announcements. This is emblematic of the new, emerging era of companies pulling …

    Fortescue Metals Preparing to Cut up to 1,000 Jobs – the Australian
    U.S. News & World Report|3 hours ago
    Fortescue Metals Group is looking to cut up to 1,000 jobs across its back office and clean energy unit as part of a cost-cutting exercise, The Australian reported on Thursday, less than week before Fortescue reports half-yearly results.

    Mouse Home Loses the Magic, Disney CEO Bob Iger Slashes 7,000 Jobs in Bid to Lower Prices by $5.5 Billion
    sanbernardinonewstoday|2 hours ago
    The Walt Disney Firm was in for a little bit of a shock Wednesday as newly reinstalled chairman Bob Iger introduced on an earnings name that the leisure large

    Affirm lays off one in five workers as company resets strategy
    American Banker|7 hours ago
    The buy now/pay later lender posted larger-than-expected losses, and following its layoffs it will deemphasize products with an uncertain short-term outlook, such as crypto trading.

    West Loop office landlord hit with foreclosure lawsuit
    Crain’s Chicago Business|20 hours ago
    The vintage office building near Willis Tower joins the growing list of downtown office properties succumbing to severely weakened demand for workspace.

    Related to walk away from empty LIC office campus
    The Real Deal|14 hours ago
    Related Fund Management and its partner BentallGreenOak are ready to walk away from their virtually empty Point LIC office campus.

    Thousands of people who ordered tiny homes from hot startup Boxabl have paid cash but are still waiting
    Business Insider|18 hours ago
    Elon Musk got his home, but Boxabl faces a huge backlog with many orders left unfulfilled and customers asking for their down payments back.

    San Diego prepares for Title 42 to expire
    CBS News 8 on MSN.com|5 hours ago
    SAN DIEGO โ€” San Diego is preparing for an influx of migrants as Title 42 is expected to expire. The pandemic-era policy is anticipated to end when the national COVID-19 public health emergency ends in May.

    Credit Suisse Reports Huge Loss as It Seeks to Revive Fortunes
    The New York Times|35 minutes ago
    The struggling Swiss bank recorded its biggest annual loss since the 2008 financial crisis and warned of another “substantial” loss in 2023.

    Blackstone Mortgage Trust swings to a loss as it builds up reserves
    MarketWatch|20 hours ago
    The commercial-real-estate finance company and senior loan originator’s loss stemmed from a $189 million buildup of its expected credit loss reserve, up from less than $10 million in the year-ago quarter. The figure reflects more challenging economic …

  3. ๐—ฃ๐—ฎ๐—น๐—บ ๐—›๐—ฎ๐—ฟ๐—ฏ๐—ผ๐—ฟ, ๐—™๐—Ÿ ๐—›๐—ผ๐˜‚๐˜€๐—ถ๐—ป๐—ด ๐—ฃ๐—ฟ๐—ถ๐—ฐ๐—ฒ๐˜€ ๐—–๐—ฟ๐—ฎ๐˜๐—ฒ๐—ฟ ๐Ÿญ๐Ÿฑ% ๐—ฌ๐—ข๐—ฌ ๐—”๐˜€ ๐—ง๐—ฎ๐—บ๐—ฝ๐—ฎ ๐—”๐—ฟ๐—ฒ๐—ฎ ๐—ฆ๐—ถ๐—บ๐—บ๐—ฒ๐—ฟ๐˜€ ๐—œ๐—ป ๐—” ๐—ฆ๐—ฒ๐—ฒ๐˜๐—ต๐—ถ๐—ป๐—ด ๐—ฃ๐—ผ๐˜ ๐—ข๐—ณ ๐— ๐—ผ๐—ฟ๐˜๐—ด๐—ฎ๐—ด๐—ฒ ๐——๐—ฒ๐—ณ๐—ฎ๐˜‚๐—น๐˜๐˜€

    https://www.movoto.com/palm-harbor-fl/market-trends/

    ๐˜ˆ๐˜ด ๐˜ข ๐˜ฅ๐˜ช๐˜ด๐˜ต๐˜ช๐˜ฏ๐˜จ๐˜ถ๐˜ช๐˜ด๐˜ฉ๐˜ฆ๐˜ฅ ๐˜ฆ๐˜ค๐˜ฐ๐˜ฏ๐˜ฐ๐˜ฎ๐˜ช๐˜ด๐˜ต ๐˜ด๐˜ต๐˜ข๐˜ต๐˜ฆ๐˜ฅ ๐˜ด๐˜ฐ ๐˜ฆ๐˜ญ๐˜ฐ๐˜ฒ๐˜ถ๐˜ฆ๐˜ฏ๐˜ต๐˜ญ๐˜บ, โ€œ๐˜ˆ ๐˜ฉ๐˜ฐ๐˜ถ๐˜ด๐˜ฆ ๐˜ช๐˜ด ๐˜ข ๐˜ณ๐˜ข๐˜ฑ๐˜ช๐˜ฅ๐˜ญ๐˜บ ๐˜ฅ๐˜ฆ๐˜ฑ๐˜ณ๐˜ฆ๐˜ค๐˜ช๐˜ข๐˜ต๐˜ช๐˜ฏ๐˜จ ๐˜ข๐˜ด๐˜ด๐˜ฆ๐˜ต ๐˜ต๐˜ฉ๐˜ข๐˜ต ๐˜ฆ๐˜ฎ๐˜ฑ๐˜ต๐˜ช๐˜ฆ๐˜ด ๐˜บ๐˜ฐ๐˜ถ๐˜ณ ๐˜ธ๐˜ข๐˜ญ๐˜ญ๐˜ฆ๐˜ต ๐˜ฆ๐˜ท๐˜ฆ๐˜ณ๐˜บ ๐˜ฅ๐˜ข๐˜บ ๐˜ช๐˜ต ๐˜ฐ๐˜ธ๐˜ฏ๐˜ด ๐˜บ๐˜ฐ๐˜ถ.โ€

  4. These are all white-collar jobs while much of the job creation is part time work. Stock market still going to the moon. Deja-Vu of 2006-2007 right now. Builders still building like crazy with very few construction layoffs so far.

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