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Get Ready For The MASSIVE Discounts You’ll Find With Foreclosures

This Post Has 3 Comments
  1. From the first 5 minute video:

    #SEATTLE #98043 HOMES LOST 10% 22/23
    Victor Ashley Real Estate
    Apr 11, 2023 SEATTLE
    Victor Ashley reviews the Mountlake Terrace #neighborhood #98043 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.

    The second 3 minute video:

    How’s the Market in Central Texas | Austin Texas Real Estate
    Craig Smyser
    Apr 11, 2023

    For the first time in ten months, prices increased. The stats I’m providing are resale homes only in Travis and Williamson Counties. More about the stats at the end.

    In March, 1,461 resale homes closed in Travis & Williamson Counties which was down 31% from March 2022. The median price in March decreased 16% year-over-year to $475,000. But, it’s a 3.5% increase from February, the first time we’ve seen an increase since last spring. Compared to the peak price of $600,000 last May, we’re now 21% off that price. In real estate, the primary way we measure home values is with the median price. But, there are other numbers worth examining. Year-over-year, the average price of a home dropped 11% to $610,103. It’s down 18% from the peak in May but up 7.2% from last month. The average price per square foot decreased by 15% to $295, and is down 19% from the May high-level mark.

    The number of available homes in March was 4,412, up 199% from last March. During the month, 2,750 new listings hit the market which was down 3.5% from last year.

    The average sales price to list price ratio was 97.6%. For homes that closed in March, the average days on market was 72, up from 15 last year. The March sales ranged from a low of $125,000 to a high of $9,295,500.

    Whether the market has bottomed out is yet to be seen, because one month doesn’t make a trend. But it’s a good sign. Interest rates are around 6.5% for a 30-year loan and they’ve been steady at this point for almost two weeks, which is about as even of a keel that we’ve had in a long time. Other parts of the country are back to multiple offers and over-asking price contracts. We’re not seeing that here at this time. But we had one of, if not the strongest, markets in the US for a few years so our market had further to fall.

    The stats I’ve cited are resale homes only in Travis and Williamson County classified as single family residential, condominium, or townhouse. This is different than the stats released by the Austin Board of Realtors which include all types of homes and also include Hays, Bastrop, and Caldwell Counties. Plus, their numbers include any new construction homes listed in the MLS.

    The third 15:27 video:

    The Shocking Truth About Foreclosures In Dallas
    Home in Dallas Texas
    Apr 11, 2023
    Get ready for the MASSIVE discounts you’ll find with foreclosures in Dallas. Many of these homes are in LIKE NEW condition just waiting for someone to think outside the box and seize the opportunity. Don’t believe me? Tune in for our full VLOG tour throughout Dallas where we’re checking out foreclosures across eight different cities in five different counties. We’re taking you inside, outside and around the neighborhoods so you can see these are fantastic homes you can get for a fraction of the price.

    The fourth 3:45 video:

    Frustrated families left out of homes after years of builder delays
    CBC News
    Apr 12, 2023
    We spoke to four families who have been left hanging by 3volution Homes Group, a Calgary-based builder with a history of unpaid bills and incomplete work.

    The fifth 16:41 video:

    CCP’s Six Deadly Moves Put 800 Million Chinese in Debt, with 400 Million People Defaulting
    China Observer
    Premiered 11 hours ago #chinaeconomy #chinaobserver #chinesedebt
    Chinese citizens and businesses are burdened with a heavy load of debt, according to data from China’s central bank, the National People’s Congress, and financial media outlets. Shocking statistics reveal that total personal savings in China amounts to 22.7 trillion yuan, while the combined debt of both businesses and individuals has ballooned to 33.1 trillion yuan. It’s alarming to note that around 500-600 million Chinese citizens do not have any savings at all, and the number of debtors has reached a staggering 700-800 million. Moreover, around 420 million people are at risk of defaulting on their loans, with credit card defaults alone exceeding 200 billion yuan.

    The sixth 17:47 video:

    Warning For Buyers & Sellers In Brampton, Mississauga & Durham Real Estate – April 5
    Team Sessa Real Estate
    Apr 12, 2023 CANADA

    Brampton, Mississauga, Ajax, Whitby, Pickering Real Estate Market Report for the week of Mar 30 – April 5, 2023.

  2. Hong Kong Developers Cut Housing Project Prices as Outlook Dims
    Bloomberg L.P.|5 hours ago
    Hong Kong developers CK Asset Holdings Ltd. and Sun Hung Kai Properties Ltd. are lowering prices for their new residential project at a time when further interest rate hikes weigh on the housing market.

    Steep loan lands another Michigan cannabis operation in receivership
    Crain’s Detroit|13 hours ago
    Harvest Park was expected to create upwards of 1,000 jobs across the marijuana manufacturing gamut with grow operations, testing labs and cultivators, but six years on, some property owners are struggling.

    Aon Center owner staring down loan trouble
    Crain’s Chicago Business|15 hours ago
    The skyscraper’s New York-based owner says it needs more time to pay off its debt as a July deadline approaches — a red flag that the city’s second-tallest office tower could add to the rampant distress plaguing downtown real estate.

  3. WINK News is learning more about a disturbing break-in at the Naples Police Department, where a man forced his way in, causing damage before leaving with police gear.

    Teresa Heitmann, the Mayor of Naples, told WINK News it baffles her that someone could break into the police department. Going on to say it’s even more concerning, it took hours for police to discover someone was inside.

    Mayor Heitmann and Jay Boodheshwar, the City Manager, told WINK News they are taking a long-term look at the security measures they’re using for the city’s buildings.

    According to the report, late Friday night Joeseph Moulton coasted past the west door’s security measures at the Naples Police Department.

    Once inside, Moulton took a shower, defecated on the women’s locker room floor, stole a bullet-proof vest, put a police radio in the toilet, and then left in police clothing.

    It’s a story both the Mayor and City Manager of Naples said is very alarming. But how do officials ensure this doesn’t happen again?

    “It is causing us to take a look at our policies or procedures. That’s something that I’ve asked the chief to assemble his team and take a look at what can we do differently to you know, to gain quicker intelligence that something had happened,” City Manager Boodheshwar said.

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