Housing prices will fall in Las Vegas as Investors begin to sell off property
Elaine Odeh Las Vegas Realtor
Feb 28, 2023
Redfin is reporting that investors are buying about half as many homes as they were a year ago. There was a 46% decline in investor home purchases in the US fourth quarter of 2022. And in Las Vegas, the drop in investor home purchases was 67%!
Without the investors buying up all the property, more inventory (and its growing fast) is now open to buyers. The problem though is prices are still way too high for most people who would like to own a home. And since those would-be buyers can’t buy at current prices, the prices are going to have to come down.
If you are thinking about selling, your home is dropping in value every day, and it’s not going to even start going up again for a long, long time. So sell it right now. And talk to someone who knows what they are doing (like me) so you can price it correctly and sell it fast before you lose all of the gains you made over the last few years.
The second 5 minute video:
Bay Area Landlord Goes on Hunger Strike Over Eviction Ban
The San Francisco Standard
Feb 28, 2023
An Alameda County landlord began a hunger strike on Sunday to protest an ongoing eviction ban that he says has pushed him to the brink of bankruptcy.
The third 3 minute video:
Austin Housing Market Deep Dive
Anna Slone Realtor
Feb 28, 2023
Every buyer and seller is unique. A great market for some is a terrible market for others.
The fourth 4 minute video:
70% Realtor Fraud – The Canadian Real Estate Show CLIPS
Canadian Real Estate Show Clips
Feb 28, 2023
Darryl and TK discuss the Canadian Real Estate Market in depth from their own unique perspectives with a particular focus on The Toronto Real estate Market.
The fifth 14:30 video:
Will New Wave Of Buyers Bailout Desperate Sellers In Brampton, Mississauga & Durham? – Feb 22
Team Sessa Real Estate
Mar 1, 2023
Brampton, Mississauga, Ajax, Whitby, Pickering Real Estate Market Report for the week of Feb 16 – Feb 22, 2023.
Former properties of embattled investor Nate Paul sell for $102 million at bankruptcy auction
Austin American-Statesman|16 hours ago
The portfolio consists of 13 single-story office/flex buildings and one retail strip center in one of the city’s hottest markets, The Domain.
Higher mortgage rates dim hope for a busy spring housing market
HousingWire|10 hours ago
Higher mortgage rates have zapped mortgage demand to a 28-year-low, as buyers are now having second thoughts about purchasing homes.
Mortgage News Daily reporting 30-year fixed at 6.94%, up 0.90% in the last month.
News Daily reporting 30-year fixed at 6.94%,
10 year Rates up 8 bps this morning. I think we might have a 7% handle later today.
Denver spent $8 million on migrants since December, nearly $1 million for bus tickets to other cities
Mayor Michael Hancock told PBS News Hour in January that the U.S. has “failed to develop a sensible immigration strategy,” and that major cities, including Denver, are experiencing an influx of migrants that makes it difficult to assist them individually.
“I think the reality is, is that we have, again, failed to develop a sensible immigration strategy for this nation and to help our border cities — states and cities to deal effectively with the right resources, with the right safety net systems to help those who want to come to the U.S.,” Hancock said. “And so other cities like Tucson and Denver and Chicago, who may not be necessarily on that border, are being surged with migrants who are looking for opportunity in the U.S. as they have come across, unauthorized for the most part, into the United States.”
Tucson is on the border Mike. It’s probably number 2 for human trafficking after the Rio Grande Valley.
Boycott Denver.
Starve the city of revenue. I don’t pay property taxes to Denver, and I make a point of not spending money in Denver, no sales taxes for you.
It doesn’t take much effort, just choose to spend money in Arapahoe, Jefferson, Douglas Counties instead. Not that they’re that much better, but I’d rather make money in Denver, and not spend it there.
A Bronx father was stabbed to death outside a public housing complex Wednesday morning, police and his heartbroken nephew said.
Derrick Hamlin, 51, got into an altercation with his killer outside the John Adams Houses on Tinton Ave. near E. 152nd St. in Woodstock around 11:40 a.m., cops said.
When police arrived on the scene, they found Hamlin with a stab wound to his neck.
Medics rushed him to Lincoln Hospital, but he could not be saved.
He lived about a half mile away in the same neighborhood, where family gathered Wednesday night.
“He was a hardworking family man,” said the man’s nephew Dwayne Hamlin. “He was the one who taught me about hard work and responsibility.”
Hamlin had three girls and a boy, the youngest age 11.
“Whenever we had a problem we said go see Boe — that’s what everyone called him,” said Dwayne Hamlin, 34. “He was always there for us.”
The victim worked for a Manhattan law firm doing maintenance. He also picked up shifts as a mover for extra cash.
“I want to hammer home the point he was a real family man,” Dwayne Hamlin said, noting that after his uncle had kids, he cleaned up his act and started working hard to provide for them.
“He loved his kids and he was just crazy about his daughter.”
There were no immediate arrests as police worked to track down Hamlin’s killer.
“For something to escalate to that point at 11 o’clock in the morning,” Dwayne Hamlin said, trailing off. “It just doesn’t make any sense.”
At home, Carter embraced Neo-Liberalism, pro-business economic policies, deregulation, and, ultimately, austerity. While Governor of Georgia he was introduced to corporate leaders from Coca-Cola and other companies and then mentored by David Rockefeller, who brought him into the Trilateral Commission and took him on junkets to various countries where Carter received his education in global politics. Along the way, he began to take a role in national Democratic Party politics, and was a leader in the 1972 “Stop McGovern” campaign at the Democratic convention that failed but clearly showed the rightward direction in which the party was headed.
At home, Carter embraced Neo-Liberalism, pro-business economic policies, deregulation, and, ultimately, austerity. While Governor of Georgia he was introduced to corporate leaders from Coca-Cola and other companies and then mentored by David Rockefeller, who brought him into the Trilateral Commission and took him on junkets to various countries where Carter received his education in global politics. Along the way, he began to take a role in national Democratic Party politics, and was a leader in the 1972 “Stop McGovern” campaign at the Democratic convention that failed but clearly showed the rightward direction in which the party was headed.
So Jimmy Carter, with some differences, also operated within, maintained, and strengthened American hegemony and imperialism, and global instability, during his time in office. His presidency is a great study in the structural imperatives of the American government, and Liberalism, and how even people with a good heart are war criminals when conducting affairs of the state.
mentored by David Rockefeller, who brought him into the Trilateral Commission
‘Nuff said.
Real Estate Giant Compass Reports Net Loss of $602M — Loss More than a Billion in Past Two Years
GoLocalProv|23 hours ago
Compass, the national real estate firm that purchased Lila Delman in Rhode Island, has piled up massive losses over the past two years. On Tuesday, the company announced its 4th quarter and full fiscal year results.
Mortgage companies weathered a rough 2022. 2023 isn’t looking much better
Detroit News|9 hours ago
Rocket Companies Inc. and United Wholesale Mortgage Holdings Corp. posted their first quarterly losses as public companies in late 2022.
Housing Market Correction: Rates Up, Lack Of Buyers, Cracks Forming In Home Improvement
Business Insider|18 hours ago
The housing market, still in its relentless rough patch as mortgage rates continue to climb higher, is deterring buyers from making a move.
UK’s Taylor Wimpey cuts jobs amid housing slowdown
Reuters on MSN.com|2 hours ago
British homebuilder Taylor Wimpey said it was cutting jobs as it seeks to reduce costs after flagging weaker sales and forecasting it would build about a quarter fewer homes this year than in 2022 in the face of a slowdown in the housing sector.
In a brutal market, loan officers stress the long game
HousingWire|13 hours ago
Many have permanently left the mortgage market in the face of extreme headwinds. It could contract by 100,000 jobs in 2023.
United Wholesale Mortgage posts first quarterly loss since going public
Detroit News|22 hours ago
The Pontiac-based mortgage giant still recorded the largest volume of originations in the country for the second consecutive quarter
Southern California home sales fall to all-time low
East Bay Times|15 hours ago
The region’s housing slump continued through January, with home sales down 43% and prices falling below year-ago levels for the first time in almost four years, CoreLogic figures show.
Rising mortgage rates hit Fidelity earnings
Financial News & Daily Record|8 hours ago
The title insurer says it is managing business for lower activity, including reducing expenses and cutting field office jobs.
Newspaper headlines: Confidence in Covid probe hit and Sussexes evicted
BBC|6 hours ago
The Mirror has a similar follow-up, with one expert telling the paper the messages expose a “tragic betrayal” of Covid victims. The publication of Hancock’s texts have left ministers “battling to maintain confidence in the official Covid inquiry”,
Southern California home sales fall to all-time low
Relitters will just blame it on our unusually wet weather this calendar year.
The excommunication of Racicot came as a surprise not only to the former governor, but to those who remember Racicot as a fiscal conservative, a staunch ally of George W. Bush and an advocate for deregulation and business interests. For many who lived through Racicot’s involvement in the 2000 Florida election recount, as well as his tenure as Montana Governor and chairman of the Republican National Committee, the notion that the politician “is not considered … to be a Republican” signaled a startling assertion by the Montana GOP
From the first 5:43 video:
Housing prices will fall in Las Vegas as Investors begin to sell off property
Elaine Odeh Las Vegas Realtor
Feb 28, 2023
Redfin is reporting that investors are buying about half as many homes as they were a year ago. There was a 46% decline in investor home purchases in the US fourth quarter of 2022. And in Las Vegas, the drop in investor home purchases was 67%!
Without the investors buying up all the property, more inventory (and its growing fast) is now open to buyers. The problem though is prices are still way too high for most people who would like to own a home. And since those would-be buyers can’t buy at current prices, the prices are going to have to come down.
If you are thinking about selling, your home is dropping in value every day, and it’s not going to even start going up again for a long, long time. So sell it right now. And talk to someone who knows what they are doing (like me) so you can price it correctly and sell it fast before you lose all of the gains you made over the last few years.
The second 5 minute video:
Bay Area Landlord Goes on Hunger Strike Over Eviction Ban
The San Francisco Standard
Feb 28, 2023
An Alameda County landlord began a hunger strike on Sunday to protest an ongoing eviction ban that he says has pushed him to the brink of bankruptcy.
The third 3 minute video:
Austin Housing Market Deep Dive
Anna Slone Realtor
Feb 28, 2023
Every buyer and seller is unique. A great market for some is a terrible market for others.
The fourth 4 minute video:
70% Realtor Fraud – The Canadian Real Estate Show CLIPS
Canadian Real Estate Show Clips
Feb 28, 2023
Darryl and TK discuss the Canadian Real Estate Market in depth from their own unique perspectives with a particular focus on The Toronto Real estate Market.
The fifth 14:30 video:
Will New Wave Of Buyers Bailout Desperate Sellers In Brampton, Mississauga & Durham? – Feb 22
Team Sessa Real Estate
Mar 1, 2023
Brampton, Mississauga, Ajax, Whitby, Pickering Real Estate Market Report for the week of Feb 16 – Feb 22, 2023.
Former properties of embattled investor Nate Paul sell for $102 million at bankruptcy auction
Austin American-Statesman|16 hours ago
The portfolio consists of 13 single-story office/flex buildings and one retail strip center in one of the city’s hottest markets, The Domain.
Higher mortgage rates dim hope for a busy spring housing market
HousingWire|10 hours ago
Higher mortgage rates have zapped mortgage demand to a 28-year-low, as buyers are now having second thoughts about purchasing homes.
Mortgage News Daily reporting 30-year fixed at 6.94%, up 0.90% in the last month.
https://www.mortgagenewsdaily.com/mortgage-rates/mnd#about
News Daily reporting 30-year fixed at 6.94%,
10 year Rates up 8 bps this morning. I think we might have a 7% handle later today.
Denver spent $8 million on migrants since December, nearly $1 million for bus tickets to other cities
Mayor Michael Hancock told PBS News Hour in January that the U.S. has “failed to develop a sensible immigration strategy,” and that major cities, including Denver, are experiencing an influx of migrants that makes it difficult to assist them individually.
“I think the reality is, is that we have, again, failed to develop a sensible immigration strategy for this nation and to help our border cities — states and cities to deal effectively with the right resources, with the right safety net systems to help those who want to come to the U.S.,” Hancock said. “And so other cities like Tucson and Denver and Chicago, who may not be necessarily on that border, are being surged with migrants who are looking for opportunity in the U.S. as they have come across, unauthorized for the most part, into the United States.”
https://www.msn.com/en-us/news/us/denver-spent-8-million-on-migrants-since-december-nearly-1-million-for-bus-tickets-to-other-cities/ar-AA186aww
Tucson is on the border Mike. It’s probably number 2 for human trafficking after the Rio Grande Valley.
Boycott Denver.
Starve the city of revenue. I don’t pay property taxes to Denver, and I make a point of not spending money in Denver, no sales taxes for you.
It doesn’t take much effort, just choose to spend money in Arapahoe, Jefferson, Douglas Counties instead. Not that they’re that much better, but I’d rather make money in Denver, and not spend it there.
A Bronx father was stabbed to death outside a public housing complex Wednesday morning, police and his heartbroken nephew said.
Derrick Hamlin, 51, got into an altercation with his killer outside the John Adams Houses on Tinton Ave. near E. 152nd St. in Woodstock around 11:40 a.m., cops said.
When police arrived on the scene, they found Hamlin with a stab wound to his neck.
Medics rushed him to Lincoln Hospital, but he could not be saved.
He lived about a half mile away in the same neighborhood, where family gathered Wednesday night.
“He was a hardworking family man,” said the man’s nephew Dwayne Hamlin. “He was the one who taught me about hard work and responsibility.”
Hamlin had three girls and a boy, the youngest age 11.
“Whenever we had a problem we said go see Boe — that’s what everyone called him,” said Dwayne Hamlin, 34. “He was always there for us.”
The victim worked for a Manhattan law firm doing maintenance. He also picked up shifts as a mover for extra cash.
“I want to hammer home the point he was a real family man,” Dwayne Hamlin said, noting that after his uncle had kids, he cleaned up his act and started working hard to provide for them.
“He loved his kids and he was just crazy about his daughter.”
There were no immediate arrests as police worked to track down Hamlin’s killer.
“For something to escalate to that point at 11 o’clock in the morning,” Dwayne Hamlin said, trailing off. “It just doesn’t make any sense.”
https://news.yahoo.com/bronx-man-fatally-stabbed-neck-031400008.html
At home, Carter embraced Neo-Liberalism, pro-business economic policies, deregulation, and, ultimately, austerity. While Governor of Georgia he was introduced to corporate leaders from Coca-Cola and other companies and then mentored by David Rockefeller, who brought him into the Trilateral Commission and took him on junkets to various countries where Carter received his education in global politics. Along the way, he began to take a role in national Democratic Party politics, and was a leader in the 1972 “Stop McGovern” campaign at the Democratic convention that failed but clearly showed the rightward direction in which the party was headed.
At home, Carter embraced Neo-Liberalism, pro-business economic policies, deregulation, and, ultimately, austerity. While Governor of Georgia he was introduced to corporate leaders from Coca-Cola and other companies and then mentored by David Rockefeller, who brought him into the Trilateral Commission and took him on junkets to various countries where Carter received his education in global politics. Along the way, he began to take a role in national Democratic Party politics, and was a leader in the 1972 “Stop McGovern” campaign at the Democratic convention that failed but clearly showed the rightward direction in which the party was headed.
So Jimmy Carter, with some differences, also operated within, maintained, and strengthened American hegemony and imperialism, and global instability, during his time in office. His presidency is a great study in the structural imperatives of the American government, and Liberalism, and how even people with a good heart are war criminals when conducting affairs of the state.
https://www.counterpunch.org/2023/03/02/jimmy-carter-is-a-liberal-saint-now-was-a-war-criminal-then/
mentored by David Rockefeller, who brought him into the Trilateral Commission
‘Nuff said.
Real Estate Giant Compass Reports Net Loss of $602M — Loss More than a Billion in Past Two Years
GoLocalProv|23 hours ago
Compass, the national real estate firm that purchased Lila Delman in Rhode Island, has piled up massive losses over the past two years. On Tuesday, the company announced its 4th quarter and full fiscal year results.
Mortgage companies weathered a rough 2022. 2023 isn’t looking much better
Detroit News|9 hours ago
Rocket Companies Inc. and United Wholesale Mortgage Holdings Corp. posted their first quarterly losses as public companies in late 2022.
Housing Market Correction: Rates Up, Lack Of Buyers, Cracks Forming In Home Improvement
Business Insider|18 hours ago
The housing market, still in its relentless rough patch as mortgage rates continue to climb higher, is deterring buyers from making a move.
UK’s Taylor Wimpey cuts jobs amid housing slowdown
Reuters on MSN.com|2 hours ago
British homebuilder Taylor Wimpey said it was cutting jobs as it seeks to reduce costs after flagging weaker sales and forecasting it would build about a quarter fewer homes this year than in 2022 in the face of a slowdown in the housing sector.
In a brutal market, loan officers stress the long game
HousingWire|13 hours ago
Many have permanently left the mortgage market in the face of extreme headwinds. It could contract by 100,000 jobs in 2023.
United Wholesale Mortgage posts first quarterly loss since going public
Detroit News|22 hours ago
The Pontiac-based mortgage giant still recorded the largest volume of originations in the country for the second consecutive quarter
Southern California home sales fall to all-time low
East Bay Times|15 hours ago
The region’s housing slump continued through January, with home sales down 43% and prices falling below year-ago levels for the first time in almost four years, CoreLogic figures show.
Rising mortgage rates hit Fidelity earnings
Financial News & Daily Record|8 hours ago
The title insurer says it is managing business for lower activity, including reducing expenses and cutting field office jobs.
Newspaper headlines: Confidence in Covid probe hit and Sussexes evicted
BBC|6 hours ago
The Mirror has a similar follow-up, with one expert telling the paper the messages expose a “tragic betrayal” of Covid victims. The publication of Hancock’s texts have left ministers “battling to maintain confidence in the official Covid inquiry”,
Southern California home sales fall to all-time low
Relitters will just blame it on our unusually wet weather this calendar year.
The excommunication of Racicot came as a surprise not only to the former governor, but to those who remember Racicot as a fiscal conservative, a staunch ally of George W. Bush and an advocate for deregulation and business interests. For many who lived through Racicot’s involvement in the 2000 Florida election recount, as well as his tenure as Montana Governor and chairman of the Republican National Committee, the notion that the politician “is not considered … to be a Republican” signaled a startling assertion by the Montana GOP
https://flatheadbeacon.com/2023/03/01/governor-marc-racicot-rebuked-montana-republican-party/
𝗘𝗹𝗸 𝗚𝗿𝗼𝘃𝗲, 𝗖𝗔 𝗛𝗼𝘂𝘀𝗶𝗻𝗴 𝗣𝗿𝗶𝗰𝗲𝘀 𝗖𝗿𝗮𝘁𝗲𝗿 𝟭𝟴% 𝗔𝘀 𝗦𝗮𝗰𝗿𝗮𝗺𝗲𝗻𝘁𝗼 𝗛𝗼𝘂𝘀𝗶𝗻𝗴 𝗠𝗮𝗿𝗸𝗲𝘁 𝗧𝘂𝗿𝗻𝘀 𝗚𝗿𝗲𝗲𝗻 𝗢𝗻 𝗦𝗼𝗮𝗿𝗶𝗻𝗴 𝗠𝗼𝗿𝘁𝗴𝗮𝗴𝗲 𝗟𝗼𝗮𝗻 𝗟𝗼𝘀𝘀𝗲𝘀
https://www.movoto.com/ca/95624/market-trends/
𝘈𝘴 𝘰𝘯𝘦 𝘚𝘢𝘤𝘳𝘢𝘮𝘦𝘯𝘵𝘰 𝘢𝘳𝘦𝘢 𝘣𝘳𝘰𝘬𝘦𝘳 𝘦𝘹𝘱𝘭𝘢𝘪𝘯𝘦𝘥, “𝘙𝘦𝘯𝘵𝘢𝘭 𝘳𝘢𝘵𝘦𝘴 𝘢𝘳𝘦 𝘧𝘢𝘭𝘭𝘪𝘯𝘨 𝘧𝘢𝘴𝘵𝘦𝘳 𝘵𝘩𝘢𝘯 𝘩𝘰𝘶𝘴𝘪𝘯𝘨 𝘱𝘳𝘪𝘤𝘦𝘴.”
Pfizer poisoned you.