A weekend topic starting with Mark Zandi. "House prices are sizzling. Not just in swanky…
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From the first 5 minute video;
Toronto Real Estate Buying FRENZY! Line Ups To Buy Homes!
Honest real estate talk
Vic Singh Realtor® Cloud Realty Brokerage
Mar 13, 2023
Few key points:
1. I’m a big believer in real estate investing but only if you can afford to keep it long term. Don’t buy in this market if you’ll have to sell within 1 year.
2. You worked hard to save up all that money. Be sure you can close if the appraisals come in too low. Don’t get caught up in the hype.
3. If this is the bottom of the market and prices will only go up and you’ll be able to close the deal and make a ton of profit then congrats to you. You did well. I’m just trying to point out the possibilities of what can happen if the market tanks.
Pre construction homes selling out in 1 day just like they had been until the market tanked last year. People lining up over night to grab their dream home.
Good idea or bad? The market still hasn’t recovered and it looks like some people forgot what just happened when the appraisals came in too low.
The second 8:50 video:
Can Canadian Banks Follow Silicon Valley Bank?
Mark Mitchell – Mortgage Broker London Ontario
Mar 13, 2023
With Silicon Valley Bank falling following a loss of consumer confidence, are Canadian banks in better shape to weather any potential storms coming our way as a result of the Bank of Canada’s interest rate hikes?
Silicon Valley’s Titans Are Realizing a Lot of People Really Don’t Like Them
New Republic|17 minutes ago
It is also hard to not be a little resentful of Silicon Valley’s immense wealth if you live in the shadow of it. California’s housing crisis is now legendary for its scope and scale. But it has also spread outside the Golden State’s borders to drive …
Canadians uninterested in King Charles’ coronation, British monarchy, survey suggests
CTV News|31 minutes ago
New polling results suggest Canadians are largely indifferent to King Charles III, and more than half believe his May 6 coronation is the right time for the country to reconsider its ties with the monarchy.
Moody’s Investors Service placed First Republic Bank and five other US lenders on review for downgrade, the latest sign of concern over the health of regional financial firms following the collapse of Silicon Valley Bank.
Western Alliance Bancorp., Intrust Financial Corp., UMB Financial Corp., Zions Bancorp. and Comerica Inc. were the other lenders put on review by Moody’s. The credit rating company cited concerns over the lenders’ reliance on uninsured deposit funding and unrealized losses in their asset portfolios.
From the first 5 minute video;
Toronto Real Estate Buying FRENZY! Line Ups To Buy Homes!
Honest real estate talk
Vic Singh Realtor® Cloud Realty Brokerage
Mar 13, 2023
Few key points:
1. I’m a big believer in real estate investing but only if you can afford to keep it long term. Don’t buy in this market if you’ll have to sell within 1 year.
2. You worked hard to save up all that money. Be sure you can close if the appraisals come in too low. Don’t get caught up in the hype.
3. If this is the bottom of the market and prices will only go up and you’ll be able to close the deal and make a ton of profit then congrats to you. You did well. I’m just trying to point out the possibilities of what can happen if the market tanks.
Pre construction homes selling out in 1 day just like they had been until the market tanked last year. People lining up over night to grab their dream home.
Good idea or bad? The market still hasn’t recovered and it looks like some people forgot what just happened when the appraisals came in too low.
The second 8:50 video:
Can Canadian Banks Follow Silicon Valley Bank?
Mark Mitchell – Mortgage Broker London Ontario
Mar 13, 2023
With Silicon Valley Bank falling following a loss of consumer confidence, are Canadian banks in better shape to weather any potential storms coming our way as a result of the Bank of Canada’s interest rate hikes?
Silicon Valley’s Titans Are Realizing a Lot of People Really Don’t Like Them
New Republic|17 minutes ago
It is also hard to not be a little resentful of Silicon Valley’s immense wealth if you live in the shadow of it. California’s housing crisis is now legendary for its scope and scale. But it has also spread outside the Golden State’s borders to drive …
Canadians uninterested in King Charles’ coronation, British monarchy, survey suggests
CTV News|31 minutes ago
New polling results suggest Canadians are largely indifferent to King Charles III, and more than half believe his May 6 coronation is the right time for the country to reconsider its ties with the monarchy.
Moody’s Investors Service placed First Republic Bank and five other US lenders on review for downgrade, the latest sign of concern over the health of regional financial firms following the collapse of Silicon Valley Bank.
Western Alliance Bancorp., Intrust Financial Corp., UMB Financial Corp., Zions Bancorp. and Comerica Inc. were the other lenders put on review by Moody’s. The credit rating company cited concerns over the lenders’ reliance on uninsured deposit funding and unrealized losses in their asset portfolios.
https://finance.yahoo.com/news/moody-puts-first-republic-five-042625345.html
As a renown economist stated so eloquently, “Nothing accelerates the economy and creates jobs like rising rates to market levels. Nothing.”
He’s right.
Santa Rosa, CA Housing Prices Crater 18% YOY As Sonoma County Staggers On Soaring Crime And Mortgage Fraud
https://www.movoto.com/ca/95405/market-trends/