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Sellers Were Overpricing Because They Could Get It

This Post Has 6 Comments
  1. From the first 10 minute video:

    The 2023 Housing Market Has Roseville, CA Residents Excited: Here’s Why!
    Livining in Roseville California
    Apr 16, 2023
    This channel is all about living in Roseville California, moving Roseville California and relocating to Roseville California, We also cover living in Roseville California and surrounding cities, moving to the Roseville California and surrounding cities, and relocating to the Roseville California and surrounding cities

    The second 5:17 video:

    Bellevue & Eastside Real Estate Market Update: Latest Trends in April 2023
    Seattle Real Estate- Living and Investing
    Apr 16, 2023 BELLEVUE
    As of April 2023, the real estate market in Bellevue, WA has seen a decline of 17% compared to the same period a year ago. However, there has been a positive trend in prices since January 2023, with prices starting to climb up again.

    This makes it an opportune time for potential buyers to enter the market before prices potentially rise to the level seen in April 2022, where the median price for a home was $1.8 million.

    Despite the recent decline, Bellevue remains a highly desirable location with a strong economy, excellent schools, and a high quality of life. The area’s tech industry and its proximity to Seattle make it a popular choice for both residents and investors.

    It’s important to note that while prices have started to climb again, the market may still be somewhat volatile, and it’s essential for buyers to conduct thorough research and work with an experienced agent to make informed decisions. As always, factors such as location, condition of the property, and local market conditions will impact the specific price of a home.

    0:00- Intro
    0:32- Month supply of inventory in King County and Snohomish County
    1:09-Bellevue Real Estate Market Absorption
    2:00- Bellevue & Eastside median closet sale price. Number of active, pending listings
    2:44- Bellevue & Eastside Area: number of listings sold above, at, or below the list price and with the price changed
    3:54- Number of Listings Sold Above List Price
    4:12- Buy or Not to Buy in Today’s Market?
    5:09- Closing

    The third 1:40 video:

    Home For Sale: 3910 2nd Avenue E, Bradenton, FL 34208 | CENTURY 21
    CENTURY 21 – FL
    Apr 17, 2023
    For more information visit

    3910 2nd Avenue E
    Bradenton, FL 34208
    Beds: 3 | Baths: 2
    Building Area: 1488 Sq. Ft.

    BRAND NEW ROOF (Scheduled for 3/1/2023) A/C less then 2 years old. MOTIVATED SELLER!! Dont miss out! Buyers remorse is your opportunity to own in this fabulous community.

    The fourth 15:21 video:

    1.3 Million People Flee to Vietnam, China Is Now Facing Its Largest Unemployment Push in History
    China Observer
    Premiered 10 hours ago
    Low-income Chinese are already moving to Vietnam for work, with 1.3 million people not planning to come back.
    The economy is declining, with three years of pandemic and gradual decoupling from the West. Everyone is experiencing difficulties from large enterprises to small storefronts.
    Japan’s Toshiba urgently evacuates 33 factories from China to Vietnam, resulting in 400,000 job losses.
    600,000 people in Shanghai, Shenzhen, and Dongguan can’t find jobs
    In Dongguan, five major Apple supplier factories experience a lack of orders, leading to the closure of three facilities and potential unemployment for 120,000 individuals.
    Across the country, 4.6 million factories have no orders, resulting in widespread distress. China is now facing its largest unemployment wave in history.

    The fifth 6 minute video;

    Proposed Banking Regulations ‘Cruel’ to First Time Buyers: Royal Lepage Report
    Mark Mitchell – Mortgage Broker London Ontario
    views Apr 17, 2023

    As Canada’s banking regulator, OSFI, considers new mortgage restrictions for the banks, Royal Lepage says new rules would be ‘cruel’ to first time home buyers. OSFI doubled down on the proposed restrictions, noting that Canada’s banks are taking on an increased level of risk by extending the amortization of the mortgages held on their books.

    1. “This channel is all about living in Roseville California…”

      Wow, Bryn’s sleeve tattoos are a serious turn-off, IMHO.

    1. “Last year’s surge in dollar-hedging costs for Japanese investors has eaten away most, if not all, of the returns they get from foreign sovereign debt. A 10-year Treasury bond with a yield of 3.6% has a negative return with hedging costs now at more than 5%. That’s making even low-yielding domestic debt attractive.

      Fingers crossed, Suzuki.

  2. Wells Fargo exiting south Minneapolis home mortgage building, St. Louis Park offices
    Star Tribune|16 hours ago
    Wells Fargo plans to sell its massive home mortgage campus just south of downtown Minneapolis, a move that follows the bank’s decision to scale back its U.S. home loans business. The state’s second-largest bank will also move out of leased offices in St.

    Barclays to cut 100 investment-banking jobs this week
    bankingdive|19 hours ago
    The move marks at least the second headcount reduction at the bank within the past five months. The layoffs won’t be confined to one country or function within the business, sources told Sky News.

    Truist cutting dozens of jobs as it exits segments of business
    The Business Journals|15 hours ago
    The Charlotte-based bank plans to exit sales and trading of mortgage-backed securities, Small Business Administration and government agency bonds, and supported services, Brian Boudreaux, a Truist spokesperson,

    First Republic’s efforts to woo rich clients may be bank’s undoing
    InvestmentNews|17 hours ago
    Wealthy homebuyers and property investors with high incomes and sterling credit scores could get a mortgage from First Republic Bank with a rock-bottom rate for several years. Better yet, they didn’t have to start repaying the principal for a decade.

    1. “Better yet, they didn’t have to start repaying the principal for a decade.”

      Clearly they’re not lending investors hard-earned money.

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