A report from Banker and Tradesman in Massachusetts. "Single-family buyers could be in store for…
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From the first 8:29 video:
Don’t Buy New Construction In New Braunfels Until You Watch This!
Raad Alawan Realtor
Apr 7, 2023
Many of you purchase new construction in New Braunfels blindly, thinking “what could go wrong, it’s a brand new house I’m building.” Then you find out otherwise.
Today, we’re giving you grass roots, real time twists and turns with New Braunfels builders that WILL help you make a more informed decision about whether or not you should buy new construction in New Braunfels. We also have up to date information on the 2023 housing market in New Braunfels and how it may affect you as a buyer looking at new construction.
The second 6 minute video:
San Diego Housing Prices DROP!
Living in San Diego with Tristen
Apr 6, 2023
San Diego Housing Prices have dropped up to 20% in parts of the county. While some areas still are going up! Confusing? Yes! That’s why I’m diving into the data by San Diego zip codes in this video!
The third 6 minute video:
ATX February Market Recap 2023
Real Estate Investing in Austin Texas
Apr 6, 2023
In this video we go over the market recap for ATX in February 2023
The fourth 10 minute video:
REVEALED: Top Secret Tips For Slashing New Construction Prices
Home in Dallas Texas
Apr 6, 2023
If you’ve been thinking about buying new construction you need to watch this video first!
Uncover the top secret tips we use every day in negotiating MASSIVE discounts on new construction. Here are a few examples: tracking sales quota deadlines, knowing how low the builder will go on price before you even walk in the door, setting a competitive landscape – and more! Using these tools we’ve negotiated hundreds of thousands of dollars off new construction homes – and now you can too!
The fifth 8:40 video:
#SEATTLE HOMES #98117 $160K LOST 13%DOWN MAR22/23
Victor Ashley Real Estate
Apr 6, 2023 SEATTLE
Victor Ashley reviews the Crownhill #neighborhood #98117 of #Seattle WA and compares #homeaffordability to the average household in the #seattlerealestate market as well as provides #homebuyingtips & #homebuyingguide to #firsttimehomebuyers & anyone curious to the market.
Why the sale of Ann Arbor’s Homepoint mortgage business signals market stress
Detroit News|19 hours ago
The move is likely to benefit Michigan’s other dominating mortgage lenders Rocket and UWM, enabling them to remain major influences in the industry.
Why the sale of Ann Arbor’s Homepoint mortgage business signals market stress
A few more sales of bigger name outfits, a few more closings/BK’s and the excesses of the past few years (in mortgage personnel) should be mostly gone. Getting there but not there yet in my opinion.
A friend working foreclosures at a TBTF bank says foreclosures are picking up but nothing crazy yet
The scandal-plagued cannabis company once known as CannTrust Holdings Inc. CNTTQ unchno change
has been granted creditor protection again and will wind down, affecting 238 employees.
Ontario Superior Court Chief Justice Geoffrey Morawetz issued the order under the Companies Creditors’ Arrangement Act at the request of Vaughan, Ont.-based Phoena Holdings Inc. and affiliated entities just 55 weeks after it emerged from creditor protection.
At that time, CannTrust, as it was previously named, was looking to rebound under chief executive officer Greg Guyatt after a tumultuous three years that saw the company overcome by legal and regulatory issues and its stock delisted from the Toronto and New York stock exchanges. It secured $16.7-million, led by a unit of Dutch private equity firm Kenzoil BV, during its first round under CCAA and pledged to win back customers and diversify.
But Phoena brought in just $13.2-million in revenue in 2022 while losing $24.8-million. It then lost $317,000 on $1.2-million in revenue in January, according to court filings. Mr. Guyatt resigned in February. Phoena has $77-million in liabilities and has not made any of its required payments on a $22.5-million revolving credit facility since November.
Phoena “has been unable to revive the business and generate a profit” since emerging from CCAA and “no longer has the wherewithal to continue to try to do so” as investors are unwilling to fund further losses, the company said in its application to the court. In an affidavit, interim CEO and Kenzoil founder Cornelis Pieter Melissen said: “I believe a liquidation and orderly wind-down of the applications is in the best interests of the applicants’ creditors and other stakeholders.”
This is the latest trouble to hit the cannabis sector, which has seen early investor enthusiasm after the legalization of the drug by Ottawa five years ago replaced by agony. A glut of product and retail outlets have led to a fall in prices, a crash in cannabis stocks and an industry shakeout that saw 14 companies file for creditor protection in Canada last year. Licensed marijuana producers destroyed 468 tonnes of unsold, unpackaged cannabis in 2021, MJBIzDaily reported last year.
Phoena plans to immediately terminate 87 employees at its greenhouse in Fenwick, Ont., and complete a deal to transfer its lease of another facility to cannabis company Pinnrz. Industry veteran Darren Karasiuk has been appointed to lead the wind-down.
US bank lending contracted by the most on record in the last two weeks of March, indicating a tightening of credit conditions in the wake of several high-profile bank collapses that risks damaging the economy.
From the first 8:29 video:
Don’t Buy New Construction In New Braunfels Until You Watch This!
Raad Alawan Realtor
Apr 7, 2023
Many of you purchase new construction in New Braunfels blindly, thinking “what could go wrong, it’s a brand new house I’m building.” Then you find out otherwise.
Today, we’re giving you grass roots, real time twists and turns with New Braunfels builders that WILL help you make a more informed decision about whether or not you should buy new construction in New Braunfels. We also have up to date information on the 2023 housing market in New Braunfels and how it may affect you as a buyer looking at new construction.
The second 6 minute video:
San Diego Housing Prices DROP!
Living in San Diego with Tristen
Apr 6, 2023
San Diego Housing Prices have dropped up to 20% in parts of the county. While some areas still are going up! Confusing? Yes! That’s why I’m diving into the data by San Diego zip codes in this video!
The third 6 minute video:
ATX February Market Recap 2023
Real Estate Investing in Austin Texas
Apr 6, 2023
In this video we go over the market recap for ATX in February 2023
The fourth 10 minute video:
REVEALED: Top Secret Tips For Slashing New Construction Prices
Home in Dallas Texas
Apr 6, 2023
If you’ve been thinking about buying new construction you need to watch this video first!
Uncover the top secret tips we use every day in negotiating MASSIVE discounts on new construction. Here are a few examples: tracking sales quota deadlines, knowing how low the builder will go on price before you even walk in the door, setting a competitive landscape – and more! Using these tools we’ve negotiated hundreds of thousands of dollars off new construction homes – and now you can too!
The fifth 8:40 video:
#SEATTLE HOMES #98117 $160K LOST 13%DOWN MAR22/23
Victor Ashley Real Estate
Apr 6, 2023 SEATTLE
Victor Ashley reviews the Crownhill #neighborhood #98117 of #Seattle WA and compares #homeaffordability to the average household in the #seattlerealestate market as well as provides #homebuyingtips & #homebuyingguide to #firsttimehomebuyers & anyone curious to the market.
Why the sale of Ann Arbor’s Homepoint mortgage business signals market stress
Detroit News|19 hours ago
The move is likely to benefit Michigan’s other dominating mortgage lenders Rocket and UWM, enabling them to remain major influences in the industry.
Why the sale of Ann Arbor’s Homepoint mortgage business signals market stress
A few more sales of bigger name outfits, a few more closings/BK’s and the excesses of the past few years (in mortgage personnel) should be mostly gone. Getting there but not there yet in my opinion.
A friend working foreclosures at a TBTF bank says foreclosures are picking up but nothing crazy yet
The scandal-plagued cannabis company once known as CannTrust Holdings Inc. CNTTQ unchno change
has been granted creditor protection again and will wind down, affecting 238 employees.
Ontario Superior Court Chief Justice Geoffrey Morawetz issued the order under the Companies Creditors’ Arrangement Act at the request of Vaughan, Ont.-based Phoena Holdings Inc. and affiliated entities just 55 weeks after it emerged from creditor protection.
At that time, CannTrust, as it was previously named, was looking to rebound under chief executive officer Greg Guyatt after a tumultuous three years that saw the company overcome by legal and regulatory issues and its stock delisted from the Toronto and New York stock exchanges. It secured $16.7-million, led by a unit of Dutch private equity firm Kenzoil BV, during its first round under CCAA and pledged to win back customers and diversify.
But Phoena brought in just $13.2-million in revenue in 2022 while losing $24.8-million. It then lost $317,000 on $1.2-million in revenue in January, according to court filings. Mr. Guyatt resigned in February. Phoena has $77-million in liabilities and has not made any of its required payments on a $22.5-million revolving credit facility since November.
Phoena “has been unable to revive the business and generate a profit” since emerging from CCAA and “no longer has the wherewithal to continue to try to do so” as investors are unwilling to fund further losses, the company said in its application to the court. In an affidavit, interim CEO and Kenzoil founder Cornelis Pieter Melissen said: “I believe a liquidation and orderly wind-down of the applications is in the best interests of the applicants’ creditors and other stakeholders.”
This is the latest trouble to hit the cannabis sector, which has seen early investor enthusiasm after the legalization of the drug by Ottawa five years ago replaced by agony. A glut of product and retail outlets have led to a fall in prices, a crash in cannabis stocks and an industry shakeout that saw 14 companies file for creditor protection in Canada last year. Licensed marijuana producers destroyed 468 tonnes of unsold, unpackaged cannabis in 2021, MJBIzDaily reported last year.
Phoena plans to immediately terminate 87 employees at its greenhouse in Fenwick, Ont., and complete a deal to transfer its lease of another facility to cannabis company Pinnrz. Industry veteran Darren Karasiuk has been appointed to lead the wind-down.
https://www.theglobeandmail.com/business/article-cannabis-carnage-continues-as-former-canntrust-enters-ccaa-protection/
US bank lending contracted by the most on record in the last two weeks of March, indicating a tightening of credit conditions in the wake of several high-profile bank collapses that risks damaging the economy.
https://finance.yahoo.com/news/us-bank-lending-slumps-most-210839551.html
Now the fun starts!