Three reports from the Times of London in the UK. "House prices in London fell…
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From the first 7 minute video:
So Many Homes For Sale in Harvest Northlake TX – Real Estate Market Update May 2023
Moving to Dallas
May 1, 2023 #LantanaTX #FlowerMoundTX #ArgyleTX
So Many Homes For Sale in Harvest Northlake TX. Looking for the perfect place to call home in North Texas? With so many amazing homes for sale, you’re sure to find just what you’re looking for in Harvest in Northlake TX.
The second 13:23 video:
Be Extra Cautious When Dealing In Toronto Real Estate – April 26
Team Sessa Real Estate
May 2, 2023 CANADA
Toronto Real Estate Market Report for the week of April 20 – April 26, 2023.
The third 11 minute video:
Collapse Irreversible! Pre-owned Housing Prices Plummeted by 50%! Bubble Burst, No More Demand!
China Observer
Premiered 10 hours ago
Astonishing! Shenzhen’s housing bubble bursts, Second-hand home prices plunge 50%! Shenzhen, formerly celebrated as China’s real estate “Golden City,” is undergoing a major change. In Huarun City, located in Nanshan District on the western side of the main urban area, home prices commenced at 45,000 yuan per square meter in 2014. By 2020, the sale price of new developments had soared to an incredible 130,000 yuan. Concurrently, second-hand property prices within the community reached a staggering 180,000 yuan. At that time, new homeowners could secure a profit of 50,000 yuan per square meter if they sold their properties the day after purchasing. A 100 square meter property sold overnight could result in a windfall of 5 million yuan, equivalent to around 720 Thousand USD .
The introduction of the guide price dropped the annual trading volume of Shenzhen’s property market significantly. In 2020, 95,273 second-hand property transactions occurred in Shenzhen. Following the implementation of the second-hand property guide price in 2021, transaction volume dwindled to 40,699 units. In 2022, the transaction volume plummeted further to a mere 21,700 units.
Property prices also experienced a steep decline. By October 2022, the transaction price dropped to a mere 99,000 yuan. In comparison to the peak in early 2021, property prices fell by a staggering 50% in just a year and a half, marking the collapse of the real estate bubble.
By March this year, Shenzhen’s property prices had declined by 9.5% compared to the same period last year, with the average drop in second-hand property prices reaching 17.8%. Based on actual transaction cases, price drops in some areas of Shenzhen even reached 30-40%, breaking the 30% discount guide price for second-hand properties, with the largest price drop in some communities reaching 43%.
Hines said Yelp recently ranked them the number one BBQ spot in Colorado, but with rising costs and all the crime in the area, the past few months have been challenging.
“My customers are being harassed for food and money inside and outside my building every single day,” Hines said. “Public urination and bowel movements of disgusting degree during business hours and after hours.”
He said vehicles have been broken into and vandalized.
S&P Global on Tuesday slashed First Republic Bank’s credit rating deeper into junk territory after California banking regulators seized the U.S. lender and sold its assets.
S&P cut its rating to ‘CC’ from ‘B+’ and said it expects default to be a “virtual certainty”.
From the first 7 minute video:
So Many Homes For Sale in Harvest Northlake TX – Real Estate Market Update May 2023
Moving to Dallas
May 1, 2023 #LantanaTX #FlowerMoundTX #ArgyleTX
So Many Homes For Sale in Harvest Northlake TX. Looking for the perfect place to call home in North Texas? With so many amazing homes for sale, you’re sure to find just what you’re looking for in Harvest in Northlake TX.
The second 13:23 video:
Be Extra Cautious When Dealing In Toronto Real Estate – April 26
Team Sessa Real Estate
May 2, 2023 CANADA
Toronto Real Estate Market Report for the week of April 20 – April 26, 2023.
The third 11 minute video:
Collapse Irreversible! Pre-owned Housing Prices Plummeted by 50%! Bubble Burst, No More Demand!
China Observer
Premiered 10 hours ago
Astonishing! Shenzhen’s housing bubble bursts, Second-hand home prices plunge 50%! Shenzhen, formerly celebrated as China’s real estate “Golden City,” is undergoing a major change. In Huarun City, located in Nanshan District on the western side of the main urban area, home prices commenced at 45,000 yuan per square meter in 2014. By 2020, the sale price of new developments had soared to an incredible 130,000 yuan. Concurrently, second-hand property prices within the community reached a staggering 180,000 yuan. At that time, new homeowners could secure a profit of 50,000 yuan per square meter if they sold their properties the day after purchasing. A 100 square meter property sold overnight could result in a windfall of 5 million yuan, equivalent to around 720 Thousand USD .
The introduction of the guide price dropped the annual trading volume of Shenzhen’s property market significantly. In 2020, 95,273 second-hand property transactions occurred in Shenzhen. Following the implementation of the second-hand property guide price in 2021, transaction volume dwindled to 40,699 units. In 2022, the transaction volume plummeted further to a mere 21,700 units.
Property prices also experienced a steep decline. By October 2022, the transaction price dropped to a mere 99,000 yuan. In comparison to the peak in early 2021, property prices fell by a staggering 50% in just a year and a half, marking the collapse of the real estate bubble.
By March this year, Shenzhen’s property prices had declined by 9.5% compared to the same period last year, with the average drop in second-hand property prices reaching 17.8%. Based on actual transaction cases, price drops in some areas of Shenzhen even reached 30-40%, breaking the 30% discount guide price for second-hand properties, with the largest price drop in some communities reaching 43%.
Hines said Yelp recently ranked them the number one BBQ spot in Colorado, but with rising costs and all the crime in the area, the past few months have been challenging.
“My customers are being harassed for food and money inside and outside my building every single day,” Hines said. “Public urination and bowel movements of disgusting degree during business hours and after hours.”
He said vehicles have been broken into and vandalized.
https://kdvr.com/news/local/downtown-restaurant-owner-brought-to-tears-during-plea-for-action/
‘Public urination and bowel movements of disgusting degree during business hours’
Other than that, how’s the brisket today?
Davis residents, UC Davis students on edge after 3rd stabbing in 5 days. ‘I am freaked out’
https://www.msn.com/en-us/news/us/davis-residents-uc-davis-students-on-edge-after-3rd-stabbing-in-5-days-i-am-freaked-out/ar-AA1aEo2Y
S&P Global on Tuesday slashed First Republic Bank’s credit rating deeper into junk territory after California banking regulators seized the U.S. lender and sold its assets.
S&P cut its rating to ‘CC’ from ‘B+’ and said it expects default to be a “virtual certainty”.
https://finance.yahoo.com/news/p-cuts-first-republics-credit-031614383.html