A report from Market Place on New York. "Christa Chi sells Manhattan apartments and homes…
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From the first 8 minute video:
Housing Market Meltdown in BOISE: Stagflation? Crash? Prices drop 20%
Good News Real Estate
Apr 19, 2023
Is the housing market still crashing or stagnant? Home prices drop and inventory has more than doubled! The US housing market is experiencing a dramatic drop in home prices, but inflation and Mortgage interest rates continue to hurt home buyers.
Boise Regional REALTORS® March 2023 housing market update for Boise (ADA county)
In February, the median sales price of homes in Ada County was $492,115, down 10.5% YoY but up $5,000 from the previous month. New homes accounted for over 40% of sales, keeping prices slightly higher. The month-over-month increase might signal a new price normally.
Key data points:
Median sales price: $492,115
YoY price change: -10.5%
New homes: 40% of sales
Total sales: 613 (7.3% lower YoY)
Days on market: 78 (highest since February 2012)
Inventory: 1,039 homes available (compared to 493 last year)
Distressed sales: 0.3% (compared to 45.4% in February 2012)
The market is different from the 2012 housing bubble recovery period due to supply and demand factors, fewer distressed sales, and better credit positions for sellers. Buyers have more negotiation power and options, while sellers need to work closely with real estate agents to price and market effectively. First-time buyers can explore down payment assistance programs and Idaho First-Time Home Buyer savings accounts.
The second 2:38 video:
Exodus from Los Angeles County continues as more than 90k leave area
KCAL News
Apr 19, 2023
The latest estimates from the U.S. Census Bureau shows that Los Angeles County led the nation in population decrease in 2022, with more than 90k people moving away. Tena Ezzeddine takes a look at a number of factors that may have led to the exodus which has now continued for the last three years.
The third 3 minute video:
March brought more new listings in Murrieta
Katherine Materiale
Apr 19, 2023 MURRIETA
Hey West Murrieta! March brought an increase of homes for sale compared to the prior month. How did that impact our numbers overall for days on market, available inventory and accepted offers? Watch this quick market update for those answers.
The fourth 5:40 video:
Banks are increasing Risk – The Canadian Real Estate Show CLIPS
Canadian Real Estate Show Clips
Apr 20, 2023
Darryl and TK discuss the Canadian Real Estate Market in depth from their own unique perspectives with a particular focus on The Toronto Real estate Market.
The fifth 15 minute video:
Be Extra Cautious When Buying A Vaughan, Richmond Hill Or Markham Home – April 12
Team Sessa Real Estate
Apr 20, 2023 VAUGHAN
Vaughan Home Prices, Richmond Hill Home Prices & Markham Home Prices for the week of April 6 – April 12, 2023.
Denver’s Walker & Dunlop lays off 110, citing rising interest rates and ‘market disruption’
The Business Journals|13 hours ago
Walker & Dunlop is laying off about 8% of its workforce, the latest big name in real estate to take such a step.
Ontario Teachers fund steers clear of crypto after $95mn FTX loss
The Financial Times|6 hours ago
Canada’s $190bn Ontario Teachers’ Pension Plan says it is steering clear of the cryptocurrency sector after writing off a $95mn investment in FTX, the failed digital currency
Wells Fargo cuts Des Moines jobs amid mortgage business pullback
Des Moines Register|17 hours ago
The Des Moines metro’s biggest private employer cut jobs this week after executives announced a major business reshuffle for 2023
Bloomberg: Truist exits business lines, reducing workforce in Atlanta and Memphis
The Business Journals|16 hours ago
Bloomberg: Truist exits business lines, reducing workforce in Atlanta and Memphis. Truist is the sixth-largest bank in the Memphis area based on local deposits.
Mahercorp calls in administrator but says it will survive and isn’t in liquidation
The Daily Telegraph|14 hours ago
Pressure on the construction industry has claimed another Victorian home builder with Mahercorp being placed in administration and its home-building operation put on hold for more than a month.
Walker & Dunlop is laying off about 8% of its workforce, the latest big name in real estate to take such a step.
I’ll bet that when the times were good the commissions were stupendous. I’ll also bet that few saved for a rainy day and most squandered their windfalls on toys, mind numbingly expensive luxury vehicles and other inanities.
From the first 8 minute video:
Housing Market Meltdown in BOISE: Stagflation? Crash? Prices drop 20%
Good News Real Estate
Apr 19, 2023
Is the housing market still crashing or stagnant? Home prices drop and inventory has more than doubled! The US housing market is experiencing a dramatic drop in home prices, but inflation and Mortgage interest rates continue to hurt home buyers.
Boise Regional REALTORS® March 2023 housing market update for Boise (ADA county)
In February, the median sales price of homes in Ada County was $492,115, down 10.5% YoY but up $5,000 from the previous month. New homes accounted for over 40% of sales, keeping prices slightly higher. The month-over-month increase might signal a new price normally.
Key data points:
Median sales price: $492,115
YoY price change: -10.5%
New homes: 40% of sales
Total sales: 613 (7.3% lower YoY)
Days on market: 78 (highest since February 2012)
Inventory: 1,039 homes available (compared to 493 last year)
Distressed sales: 0.3% (compared to 45.4% in February 2012)
The market is different from the 2012 housing bubble recovery period due to supply and demand factors, fewer distressed sales, and better credit positions for sellers. Buyers have more negotiation power and options, while sellers need to work closely with real estate agents to price and market effectively. First-time buyers can explore down payment assistance programs and Idaho First-Time Home Buyer savings accounts.
The second 2:38 video:
Exodus from Los Angeles County continues as more than 90k leave area
KCAL News
Apr 19, 2023
The latest estimates from the U.S. Census Bureau shows that Los Angeles County led the nation in population decrease in 2022, with more than 90k people moving away. Tena Ezzeddine takes a look at a number of factors that may have led to the exodus which has now continued for the last three years.
The third 3 minute video:
March brought more new listings in Murrieta
Katherine Materiale
Apr 19, 2023 MURRIETA
Hey West Murrieta! March brought an increase of homes for sale compared to the prior month. How did that impact our numbers overall for days on market, available inventory and accepted offers? Watch this quick market update for those answers.
The fourth 5:40 video:
Banks are increasing Risk – The Canadian Real Estate Show CLIPS
Canadian Real Estate Show Clips
Apr 20, 2023
Darryl and TK discuss the Canadian Real Estate Market in depth from their own unique perspectives with a particular focus on The Toronto Real estate Market.
The fifth 15 minute video:
Be Extra Cautious When Buying A Vaughan, Richmond Hill Or Markham Home – April 12
Team Sessa Real Estate
Apr 20, 2023 VAUGHAN
Vaughan Home Prices, Richmond Hill Home Prices & Markham Home Prices for the week of April 6 – April 12, 2023.
Denver’s Walker & Dunlop lays off 110, citing rising interest rates and ‘market disruption’
The Business Journals|13 hours ago
Walker & Dunlop is laying off about 8% of its workforce, the latest big name in real estate to take such a step.
Ontario Teachers fund steers clear of crypto after $95mn FTX loss
The Financial Times|6 hours ago
Canada’s $190bn Ontario Teachers’ Pension Plan says it is steering clear of the cryptocurrency sector after writing off a $95mn investment in FTX, the failed digital currency
Wells Fargo cuts Des Moines jobs amid mortgage business pullback
Des Moines Register|17 hours ago
The Des Moines metro’s biggest private employer cut jobs this week after executives announced a major business reshuffle for 2023
Bloomberg: Truist exits business lines, reducing workforce in Atlanta and Memphis
The Business Journals|16 hours ago
Bloomberg: Truist exits business lines, reducing workforce in Atlanta and Memphis. Truist is the sixth-largest bank in the Memphis area based on local deposits.
Mahercorp calls in administrator but says it will survive and isn’t in liquidation
The Daily Telegraph|14 hours ago
Pressure on the construction industry has claimed another Victorian home builder with Mahercorp being placed in administration and its home-building operation put on hold for more than a month.
Walker & Dunlop is laying off about 8% of its workforce, the latest big name in real estate to take such a step.
I’ll bet that when the times were good the commissions were stupendous. I’ll also bet that few saved for a rainy day and most squandered their windfalls on toys, mind numbingly expensive luxury vehicles and other inanities.