A report from the Oklahoman. "Landon Whitt, CEO of OKCReal, said he's seen what may…
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From the first 8:43 video:
Austin Real Estate: The Good, the Bad and the Overpriced
Charles Lewis – Austin Texas Real Estate
Apr 24, 2023
This video covers some of the good and bad aspects of Austin, Texas, along with why the Austin real estate is overpriced compared to other areas of Texas. If you’re thinking of buying or selling a home in Austin, this video is a must-watch! By the end of this video, you’ll have a better understanding of the Austin real estate market and the best ways to navigate it.
0:12 Good: Austin is Booming
1:17 Bad: Housing Affordability
3:01 Overpriced: Determine Value
3:47 Comparable Sales
4:41 Tax Appraisals
6:21 Real-Life Example
The second 9 minute video:
Is The Miami Beach Luxury Condo Market As Strong As Advertised?
CondoVulturesTV
Apr 24, 2023 SOUTH BEACH
Peter Zalewski Of Condo Vultures® discusses this topic in this segment from a recent episode of the weekly Condo Market Analysis Podcast
The program focuses on the latest statistics – condos, luxury condos, distressed condos and rentals – and trends for a specific submarket in the tricounty South Florida region of Miami-Dade, Broward And Palm Beach.
The objective of this program is to cut through the fluff and hyperbole of South Florida real estate marketing, in hopes, of assisting the audience to better understand the key points impacting decision making.
The third 10:40 video:
Biggest Price Drop Since 2008 and Still Not Done. 2023 Canadian Real Estate Market
Jon Flynn Broker of Record, Flynn Real Estate Inc.
views Apr 25, 2023
House Prices to drop another 5% by end of year according to a recent report from the National Bank of Canada. New home construction slows due to high interest rates and a very strong signal from average (mean) and median divergence many explain the market volatility.
The fifth 7 minute video:
Canada’s Mortgage Insurers Report Growing UNDERWATER Loans
Mark Mitchell – Mortgage Broker London Ontario
Apr 25, 2023
Canada’s 3 mortgage insurers (Canada Guaranty, Sagen and CMHC) are reporting major increases in the number of underwater mortgages that they insure. With home values plummeting and amortizations increasing, the number of mortgages that are over 95 loan-to-value has increased substantially.
The sixth 17:24 video:
Here We Go Again With Toronto Home Prices – April 19
Team Sessa Real Estate
Apr 25, 2023
Toronto Real Estate Market Report for the week of April 13 – April 19, 2023.
Tesla Inc. is now charging less for the cheapest version of the Model Y sport utility vehicle than what the typical new vehicle sells for in the U.S., a threshold Elon Musk crossed in blazing fashion.
At $46,990, the base Model Y now costs $759 less than the average amount paid for a car or truck in the U.S. The differential between these figures has changed by more than $20,000 since the middle of last year.
Since January, Tesla has lowered the Model Y starting price by 24%, the biggest drop of any of its vehicles. No carmaker has made such a dramatic reduction to a high-volume vehicle in the modern age of the automobile. The Model Y was the bestselling EV in the U.S. last year and one of the top SUVs of any type.
Although Musk has denied that Tesla is starting a price war, his peers see it differently. Ford Motor Co. Chief Executive Jim Farley, whose Mustang Mach-E SUV lost considerable share to the Model Y last quarter — despite some discounting — said last week that price battles are “breaking out everywhere.”
FWIW, the MOdel Y looks small to me. I suspect that comparably sized ICE cars are still much cheaper.
Toyota Camry and Honda Accord are $25-27K
South Korean chipmaker SK Hynix has reported a record quarterly operating loss of 3.4 trillion won ($2.54 billion) for the first quarter of the year.
According to Reuters, this is its largest loss since the SK Group acquired Hynix in 2012.
This is a reversal from the 2.84 trillion won operating profit in the same period last year, and a larger loss from the the 1.89 trillion won operating loss the previous quarter. Overall revenue tumbled 58% year-on-year to 5.09 trillion, according to the company’s earnings release.
Net losses for the first quarter came in at 2.59 trillion won, compared to a 1.99 trillion profit in the first quarter of 2022.
The world’s second-largest memory chipmaker said operating losses widened as a result of “sluggish demand and falling product prices” as the memory chip downturn continued through the first quarter.
Nomura Holdings Inc , Japan’s biggest brokerage and investment bank, reported a 76% drop in its quarterly net profit as worries about a global banking crisis roiled the global markets and hit its investment banking business.
Nomura joined Wall Street investment banks such as Goldman Sachs Group in reporting a slump in dealmaking fees as global mergers and acquisitions activity shrank to the lowest level in more than a decade in the last quarter.
“The environment was extremely severe for investment banking,” Chief Financial Officer Takumi Kitamura told a news conference on Wednesday. “We are not at all satisfied with the results.”
Investors grew more cautious about volatile markets as a banking crisis that started with the collapse of Silicon Valley Bank spread to Europe with the sale of Credit Suisse Group AG to its Swiss rival UBS Group AG.
From the first 8:43 video:
Austin Real Estate: The Good, the Bad and the Overpriced
Charles Lewis – Austin Texas Real Estate
Apr 24, 2023
This video covers some of the good and bad aspects of Austin, Texas, along with why the Austin real estate is overpriced compared to other areas of Texas. If you’re thinking of buying or selling a home in Austin, this video is a must-watch! By the end of this video, you’ll have a better understanding of the Austin real estate market and the best ways to navigate it.
0:12 Good: Austin is Booming
1:17 Bad: Housing Affordability
3:01 Overpriced: Determine Value
3:47 Comparable Sales
4:41 Tax Appraisals
6:21 Real-Life Example
The second 9 minute video:
Is The Miami Beach Luxury Condo Market As Strong As Advertised?
CondoVulturesTV
Apr 24, 2023 SOUTH BEACH
Peter Zalewski Of Condo Vultures® discusses this topic in this segment from a recent episode of the weekly Condo Market Analysis Podcast
The program focuses on the latest statistics – condos, luxury condos, distressed condos and rentals – and trends for a specific submarket in the tricounty South Florida region of Miami-Dade, Broward And Palm Beach.
The objective of this program is to cut through the fluff and hyperbole of South Florida real estate marketing, in hopes, of assisting the audience to better understand the key points impacting decision making.
The third 10:40 video:
Biggest Price Drop Since 2008 and Still Not Done. 2023 Canadian Real Estate Market
Jon Flynn Broker of Record, Flynn Real Estate Inc.
views Apr 25, 2023
House Prices to drop another 5% by end of year according to a recent report from the National Bank of Canada. New home construction slows due to high interest rates and a very strong signal from average (mean) and median divergence many explain the market volatility.
The fifth 7 minute video:
Canada’s Mortgage Insurers Report Growing UNDERWATER Loans
Mark Mitchell – Mortgage Broker London Ontario
Apr 25, 2023
Canada’s 3 mortgage insurers (Canada Guaranty, Sagen and CMHC) are reporting major increases in the number of underwater mortgages that they insure. With home values plummeting and amortizations increasing, the number of mortgages that are over 95 loan-to-value has increased substantially.
The sixth 17:24 video:
Here We Go Again With Toronto Home Prices – April 19
Team Sessa Real Estate
Apr 25, 2023
Toronto Real Estate Market Report for the week of April 13 – April 19, 2023.
Tesla Inc. is now charging less for the cheapest version of the Model Y sport utility vehicle than what the typical new vehicle sells for in the U.S., a threshold Elon Musk crossed in blazing fashion.
At $46,990, the base Model Y now costs $759 less than the average amount paid for a car or truck in the U.S. The differential between these figures has changed by more than $20,000 since the middle of last year.
Since January, Tesla has lowered the Model Y starting price by 24%, the biggest drop of any of its vehicles. No carmaker has made such a dramatic reduction to a high-volume vehicle in the modern age of the automobile. The Model Y was the bestselling EV in the U.S. last year and one of the top SUVs of any type.
Although Musk has denied that Tesla is starting a price war, his peers see it differently. Ford Motor Co. Chief Executive Jim Farley, whose Mustang Mach-E SUV lost considerable share to the Model Y last quarter — despite some discounting — said last week that price battles are “breaking out everywhere.”
https://www.latimes.com/business/story/2023-04-25/ev-price-war-tesla-drops-the-model-y-starting-price-below-the-average-u-s-vehicle-cost
Model Y
FWIW, the MOdel Y looks small to me. I suspect that comparably sized ICE cars are still much cheaper.
Toyota Camry and Honda Accord are $25-27K
South Korean chipmaker SK Hynix has reported a record quarterly operating loss of 3.4 trillion won ($2.54 billion) for the first quarter of the year.
According to Reuters, this is its largest loss since the SK Group acquired Hynix in 2012.
This is a reversal from the 2.84 trillion won operating profit in the same period last year, and a larger loss from the the 1.89 trillion won operating loss the previous quarter. Overall revenue tumbled 58% year-on-year to 5.09 trillion, according to the company’s earnings release.
Net losses for the first quarter came in at 2.59 trillion won, compared to a 1.99 trillion profit in the first quarter of 2022.
The world’s second-largest memory chipmaker said operating losses widened as a result of “sluggish demand and falling product prices” as the memory chip downturn continued through the first quarter.
https://www.msn.com/en-us/money/companies/sk-hynix-one-of-the-biggest-memory-chipmakers-reports-record-quarterly-loss-as-prices-slump/ar-AA1alULp
Nomura Holdings Inc , Japan’s biggest brokerage and investment bank, reported a 76% drop in its quarterly net profit as worries about a global banking crisis roiled the global markets and hit its investment banking business.
Nomura joined Wall Street investment banks such as Goldman Sachs Group in reporting a slump in dealmaking fees as global mergers and acquisitions activity shrank to the lowest level in more than a decade in the last quarter.
“The environment was extremely severe for investment banking,” Chief Financial Officer Takumi Kitamura told a news conference on Wednesday. “We are not at all satisfied with the results.”
Investors grew more cautious about volatile markets as a banking crisis that started with the collapse of Silicon Valley Bank spread to Europe with the sale of Credit Suisse Group AG to its Swiss rival UBS Group AG.
https://finance.yahoo.com/news/2-japans-nomura-quarterly-profit-062231384.html