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The Housing Market Just TANKED, Practically Overnight!

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  1. From the first 4:40 video:

    Forced sales increasing in Ontario’s housing market | Your Morning
    CTV Your Morning
    Mar 31, 2023
    Real estate agents say more people in the Greater Toronto Area are being forced by their lenders to sell their homes.

    The second 2 minute video:

    Opportunities in The Phoenix Housing Market
    Andrew Monaghan
    Apr 1, 2023
    Are you considering buying a home but are worried about the current real estate market? Today I wanted to share some of the opportunities out there in the Phoenix real estate market. We’ve seen a lot of change since this time last year.

    The third 12:36 video:

    Get Ready, Listing Explosion | Nashville Housing Market Update
    Ethan Flynn, CPA | Real Estate
    Apr 1, 2023
    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

    The fourth 7 minute video:

    The New Braunfels Housing Market Just TANKED! (What’s Next)
    Raad Alawan Realtor
    Mar 24, 2023
    The New Braunfels Housing Market just TANKED, practically overnight! How did this happen? How did New Braunfels median home price free fall $50,000 in one month given all the month over month increases leading up to it?

    In today’s video, I go over the details PLUS I offer my analysis of where the New Braunfels housing market is headed the rest of 2023, after this troubling report.

  2. Marin County budget managers say they’re considering new ongoing spending commitments despite a dicey economic forecast. “We are now seeing that fiscal environment change,” Swedberg said. “We’re seeing an economic slowdown coming down from that era. We’re seeing an increase in persistent inflation. We’re seeing reduced local property tax sales. We’re seeing stock market losses.”

    Hymel said it is important for the county to keep its funding levels for pensions and retiree health care high because otherwise the annual costs could crowd out county spending on services.

    “We are in a situation where we have more retirees than current employees,” Hymel said.

    https://www.msn.com/en-us/money/other/marin-county-looks-to-boost-spending-despite-iffy-economy/ar-AA19muTh

  3. Two big names, Comcast (CMCSA) and Disney (DIS), have said that losses in the streaming business are at a peak or reaching one this year. And Paramount Global (PARA) says investment in its streaming service Paramount+ is at a high — meaning that investors can expect it will spend less in the future.

    “As we now painfully know, money is no longer cheap,” MoffettNathanson analyst Robert Fishman said in a recent note. “Wall Street’s attitude towards streaming has now largely reversed course as more skeptics raise the question of whether streaming is a good business (a question we have long been asking). In turn, companies are no longer willing to spend whatever it takes, in part because attitudes and strategies have shifted and rationalized, but also because their balance sheets no longer have what it takes.”

    https://finance.yahoo.com/news/media-giants-slash-costs-point-to-peak-losses-in-streaming-111548717.html

    1. Disney (DIS), have said that losses in the streaming business are at a peak or reaching one this year

      If not for the theme parks, Disney would be in BIG trouble. And that cash cow could shrivel up if corporate America’s layoff monster continues to rampage.

  4. From the top video,

    There are 54 million mortgages in Canada.

    That’s alot more mortgages than people! It would be 3+ mortgages per house.

    The Canadian Bankers Association says there are 5 million mortgages in Canada. Maybe the “expert” can’t keep track of his decimal points?

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