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Rates Peak? Inventory Hits Bottom? Prices in the Red?

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  1. From the first 8 minute video:

    Portland Real Estate is All Over the Place!! Rates Peak? Inventory Hits Bottom? Prices in the Red?
    Ron Milligan
    Feb 24, 2023 REALTOR RON MILLIGAN – RE/MAX SELECT
    All that and a foot of snow!!

    Do you want to know the very latest in Portland Oregon’s real estate market? You’re in the right place. Regular weekly updates on the health of the entire Portland Oregon metro area – including Southwest Washington. Here are the latest real estate stats for 2023.

    The second 10:37 video:

    Have we hit rock bottom? Boise Housing Market Update
    Benj Foreman Real Estate
    Feb 24, 2023
    Full Boise Housing Market Update: what has happened to home prices? How has inventory shifted? What is the Boise housing market forecast for 2023?

    The third 11:24 video:

    Are People Leaving Urban Nashville? | Housing Market Update
    Ethan Flynn, CPA | Real Estate
    Feb 25, 2023 NASHVILLE
    This is a Data centric Analytical approach to the Nashville Tn Housing Market. We look at trends in active listings, median price, mortgage rates, contracts, rent rates.

    1. “Have we hit rock bottom? Boise Housing Market Update”

      I love reading about Boise tanking. Lots of rainbow azz need that “Dildo of Consequences.”

    1. Canadians are shopping more at the discount store and are pissed the store is making a profit!

      They are not pissed at all that their government has been blowing up their currency with deficit spending while carbon taxing the crap out of everything and sending money to Europe. Most unaffordable housing in the world?

  2. American Car Center told employees the business was closing its doors, a day after it pulled a $222 million bond sale from the market, according to people familiar with the matter. The used car retailer, which tends to target consumers regardless of their credit history, said in an email to employees on Friday the firm was ceasing all operations, closing its headquarters in Memphis, Tennessee, and that all employees would be terminated by the end of the business day, the people said. The headquarters has about 288 people.

    The closure email came a day after the company sent another message to staff saying management and advisors had been working with lenders to improve liquidity and continue operations, the people said. American Car Center, which has more than 40 dealerships across 10 states, is owned by York Capital Management LLC.

    A representative for York Capital declined to comment, while American Car Center Chief Financial Officer Noah Hogan did not respond to a inquiry to his LinkedIn account. No one was available for comment at the company’s headquarters, and repeated calls to several of the dealerships went unanswered.

    The shutdown comes as more Americans are starting to fall behind on their car payments, and the distress cycle is rapidly accelerating.

    https://finance.yahoo.com/news/subprime-auto-lender-american-car-194027049.html

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