Not Every Borrower Can Be Helped
A report from Buzzfeed. "Buying a home is not for the faint of heart. 21: 'Do your research on the neighborhood and street. Try to go to the home you plan on buying at different times during the day, and…
Demand From Ordinary Buyers Is Subdued, No Matter What The Media Might Be Telling You
A report from Bloomberg. "No city exemplifies the mania of the Covid-era U.S. housing market better than Boise, Idaho. But in a sudden reversal, buyers are now the ones with power. Asking prices for houses are being slashed. Demand has…
A Pig Moving Through A Python
A report from the Wall Street Journal. "An unusually high number of homes across the country are being appraised below their agreed-upon sales prices, causing a number of deals to collapse. In recent months, during the height of the boom,…
Sellers’ Normal First Reaction Will Be Denial
A report from WFMY in North Carolina. "'It's like Wal-Mart on Black Friday and TVs are on sale and we're all waiting at the door to get in. That is the housing market right now,' said Ashauna Harris, owner of…
We’ve Seen This Movie Before
A weekend topic starting with Better Dwelling. "Canada’s central bank has had researchers quietly studying bubbles overseas. The study, Bubbles, Crashes and Information Contagion In Large-Group Asset Market Experiments, appeared in the June issue of Experimental Economics. The researchers found…
It’s The Same Shit Now
A report from the News Daily in Georgia. "Several weeks back, I asked in this space, 'What is the plan?' An extended eviction and foreclosure moratorium, put in place by the CDC during this lengthy pandemic will expire on July…
Sometimes It’s Helpful To Point Out That The Emperor Has No Clothes
A weekend topic starting with the Star Press in Indiana. "In its general form, Gresham’s Law tells us 'the bad crowds out the good.' Whether it’s in currency, politics or in the realm of ideas, this modest proposition warns us…
People Came Into The Year With A Lot Of Inventory, Because The Fourth Quarter Stopped
A report from CNBC. "Why aren’t builders rushing to put shovels in the ground? Speaking at CNBC’s Capital Exchange event in Washington, D.C., Sheryl Palmer, the CEO of Arizona-based Taylor Morrison Homes put it bluntly: 'The fourth quarter [of 2018]…