Sales SLUMP, Driving Prices Down And Inventory Up!

1. From the first 7:17 video:

   PENDING Sales SLUMP 25.9% in BOISE, Driving HOME Prices Down and Inventory up!
   Good News Real Estate
   Mar 14, 2023 BOISE
   Boise Idaho Real Estate Market Update: Unbelievable Home Prices Slump & Inventory Increases. Boise Regional REALTORS® Data Covering Ada County (Boise, Meridian, Eagle, Star, Kuna)

   📉 Market Overview: (Bosie Housing Market)
   40% of US mortgages originated in 2020 & 2021
   Home values decreasing to early 2021 levels
   Median sales price down 10.5% YoY, but up 1% MoM
   Inventory is up 110%, and sales are down 7%
   Gap between median sales price ($492k) and median list price ($649k)
   Home inventory increases!

   📊 Boise Regional Realtors Statistics:

   Pending sales down 26% from pre-pandemic levels
   Inventory is down compared to February 2019, but up compared to February 2022
   30% increase needed to reach 2019 inventory levels

   🚧 New Construction & Inventory:
   New construction raises sales prices but also increases inventory
   6.6 million vacant homes not on the market in the US Housing market.

   Eaglewood, Richmond, Titan, Tresidio, Toll Brothers, Hubble, and Hayden are offering various incentives for homebuyers in the Idaho housing market.

   The second 11 minute video:

   What’s Happening in the Oahu Real Estate Market? Find Out NOW!
   Duc Ong
   Mar 14, 2023
   In this video, I’m sharing the latest real estate market update for Oahu, Hawaii. If you’re interested in purchasing property on Oahu, be sure to check out this video for the latest information!

   Oahu is one of the most popular vacation destinations in the United States, and with good reason! This video will give you all the latest information about the real estate market on Oahu, including estimated prices, recent trends and much more!

   If you are looking for specific information relating to your own home buying or selling decision please don’t hesitate to contact me below to have a no obligation strategy call.

   Thanks for watching another Oahu real estate market update with us at Equity First Realty Hawaii.

   00:00 – Introduction
   0:51 – Oahu Stats
   4:44 – Aina Haina-Kuliouou
   4:58 – Ala Moana – Kakaako
   5:12 – Downtown – Nuuanu
   5:28 – Ewa Plain
   5:40 – Hawaii Kai
   5:56 – Kailua – Waimanalo
   6:12 – Kalihi – Palama
   6:26 – Kaneohe
   6:41 – Kapahulu – Diamond Head
   6:55 – Makaha – Nanakuli
   7:10 – Makakilo
   7:24 – Makiki – Moiliili
   7:36 – Mililani
   7:50 – Moanalua – Salt Lake
   8:05 – North Shore
   8:20 – Pearl City – Aiea
   8:33 – Wahiawa
   8:43 – Waialae – Kahala
   8:57 – Waikiki
   9:04 – Waipahu
   9:17 – Windward coast
   9:27 – Bidding wars by neighborhood

   The third 5 minute video;

   Bellevue & Eastside Real Estate Market Update: Latest Trends and Analysis (March 2023)
   Seattle Real Estate- Living and Investing
   Premiered Mar 14, 2023
   In this video, we’ll give you an overview of the Bellevue & All Eastside real estate market, including the latest trends and analysis (March 2023).

   Since the beginning of the year, the Bellevue & All Eastside real estate market has been declining. However, there are some sellers who are still willing to put their homes up for sale, even if they have to bring them up to the market’s current prices. In this video, we’ll give you a detailed overview of the current market conditions, so you can make the most informed decisions about your real estate investments!
   Thanks for watching! If you found this video helpful, please LIKE, SUBSCRIBE, and SHARE!

   Timecodes:
   0:00- Intro
   1:02- Mortgage interest rates today
   1:24- Month supply of inventory in King County and Snohomish County
   1:52- Bellevue & Eastside median closet sale price. Number of active, pending listings
   2:21- Bellevue & Eastside Area: number of listings sold above, at, or below the list price and with the price changed
   3:22- Bellevue market absorption
   4:14- As an example of a home sale in Bellevue: Sold in 19 days
   4:38- Closing

   The fourth 17:21 video:

   These Buyers Are About To Face A Nightmare In Brampton, Mississauga & Durham Real Estate – Mar 8
   Team Sessa Real Estate
   Mar 15, 2023

   Brampton, Mississauga, Ajax, Whitby, Pickering Real Estate Market Report for the week of Mar 2 – Mar 8, 2023.

2. Irish Home Prices Fall in January for the First Drop Since 2020
   Bloomberg L.P.|21 hours ago
   Irish house prices fell in January, marking the first monthly decline since May 2020 as higher interest rates and surging inflation eat into demand.

   Nassau County home prices see first year-over-year dip since 2015
   Newsday|1 hour ago
   The median price among closed sales last month in Nassau was $640,000 … Rachna Bhatia, a real estate agent at VORO in Manhasset, said she hasn’t seen much of a drop-off in competition in areas such as Levittown, where she recently helped a buyer …

   Tommy Hilfiger drops price of Palm Beach house by $1.8 million to just under $38 million
   Palm Beach Daily News|22 hours ago
   Fashion icon Tommy Hilfiger dropped the price to about $38 million for one of the two Palm Beach homes he has listed for sale.

   Luxurious Howth Property linked to Conor McGregor sees price drop 17% to €12.5m
   MSN|2 hours ago
   Censure House in Howth came on the market last May with a hefty price tag that only a few Irish people could truly consider, one of whom is MMA multimillionaire Conor McGregor. Originally listed at €15million, the luxurious property in the Hills of Howth …

   Blackstone’s $325M Loan on Vegas Office Campus Hits Special Servicing
   Commercial Observer|19 hours ago
   The $325 million commercial mortgage-backed securities loan on Blackstone’s Hughes Center in Las Vegas has entered special servicing.

   Lennar keeps home sales moving with lower prices, incentive offers
   The Business Journals|17 hours ago
   The largest homebuilder in South Florida sold more homes in its fiscal first quarter, despite a national slowdown in home sales.

   Wednesday Digest: First Republic stock sinks again; Supervisor calls for probe into housing group
   The Business Journals|20 hours ago
   San Francisco-based First Republic Bank’s stock (NYSE: FRC) continued its roller-coaster ride, dropping 18% on Wednesday morning after its rebound on Tuesday. The stock, which led Wall Street on Monday with a more than 60% loss,

3. 𝗦𝗮𝗻 𝗗𝗶𝗲𝗴𝗼, 𝗖𝗔 𝗛𝗼𝘂𝘀𝗶𝗻𝗴 𝗣𝗿𝗶𝗰𝗲𝘀 𝗖𝗿𝗮𝘁𝗲𝗿 𝟭𝟵% 𝗬𝗢𝗬 𝗔𝘀 𝗧𝗵𝗲 𝗙𝗲𝗻𝗱𝗲𝗿𝘀 𝗙𝗹𝗮𝗽 𝗔𝗻𝗱 𝗪𝗵𝗲𝗲𝗹𝘀 𝗙𝗮𝗹𝗹 𝗢𝗳𝗳 𝗦𝗮𝗻 𝗗𝗶𝗲𝗴𝗼 𝗛𝗼𝘂𝘀𝗶𝗻𝗴 𝗠𝗮𝗿𝗸𝗲𝘁

   https://www.movoto.com/ca/92119/market-trends/

   𝘈𝘴 𝘢 𝘳𝘦𝘯𝘰𝘸𝘯 𝘦𝘤𝘰𝘯𝘰𝘮𝘪𝘴𝘵 𝘦𝘹𝘱𝘭𝘢𝘪𝘯𝘦𝘥, “𝘛𝘩𝘦 𝘍𝘦𝘥 𝘪𝘴 𝘢𝘤𝘤𝘰𝘮𝘱𝘭𝘪𝘴𝘩𝘪𝘯𝘨 𝘵𝘩𝘦𝘪𝘳 𝘰𝘣𝘫𝘦𝘤𝘵𝘪𝘷𝘦 𝘰𝘧 𝘥𝘰𝘶𝘣𝘭𝘦 𝘥𝘪𝘨𝘪𝘵 𝘭𝘦𝘯𝘥𝘪𝘯𝘨 𝘳𝘢𝘵𝘦𝘴 𝘢𝘯𝘥 𝘳𝘦𝘴𝘦𝘵𝘵𝘪𝘯𝘨 𝘩𝘰𝘶𝘴𝘪𝘯𝘨 𝘱𝘳𝘪𝘤𝘦𝘴 𝘵𝘰 𝘥𝘳𝘢𝘮𝘢𝘵𝘪𝘤𝘢𝘭𝘭𝘺 𝘭𝘰𝘸𝘦𝘳 𝘭𝘦𝘷𝘦𝘭𝘴.”

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