A Lot Of People Are Now Underwater
A report from Barron's on Idaho. "It wasn’t so long ago that homes in Boise were a hot commodity. But now? 'Nobody wants to buy a house in Boise right now, and nobody wants to sell a house either,' Redfin…
So How Exactly Does An Economy Recover To A Bubble?
A weekend topic starting with Strong Towns. "In 2008, the list of investors swimming naked was long. Among them were America’s banks, big and small. Their reserves were investments believed to be the most secure, including AA- and AAA-rated mortgage-backed…
Builders Are Really Willing To Just Get Out With Their Behind
A report from the Miami Herald. "Homebuyers and renters are in luck. Real estate experts predict you can expect better deals in South Florida in 2024. 'There’s that old saying of what goes up, must come down,' said Jack McCabe,…
We Couldn’t Sell Off Properties To Reduce Debt Quickly Enough
A report from the Post Dispatch in Missouri. "A surge in home values across St. Louis County this year has sent tax bills soaring, and nowhere more than among small homes in lower-income neighborhoods. From aging brick homes in Wellston…
The Way Money Disappears Could Rival Houdini
A weekend topic starting with the Real Deal. "Commercial broker Jaret Turkell is ready to rock and roll. Turkell posted a GIF of Minions dancing with the tagline: 'It’s time to PARTYYYYYY!” shortly after Federal Reserve Chairman Jerome Powell announced…
The Myth Of Rising Prices Has Been Completely Destroyed
A report from the Green Bay Press Gazette. "Market conditions have shown signs of improvement for Wisconsin homebuyers as the state’s busy season ends. The problem for many buyers has long been a lack of homes for sale. But there's…
They Saw What Was Happening In The Gold Rush And Now They’re Realizing, Oh, Big Mistake
It's Friday desk clearing time for this blogger. "When Lindsay Mader put her house up for sale earlier this year, she braced herself. For the past two years, an influx of remote workers to Austin meant for-sale homes were in…
More And More, Buyers Prey On Desperation And Time Pressure And Make Ridiculous Requests That You Can’t Afford To Turn Down
A report from the Miami Herald. "Florida lawmakers made a choice after the 2021 Surfside building collapse: to protect human life instead of continuing to allow condominiums to defer important maintenance that could put more people at risk. The unintended…
If We Compare Pricing Now To The Wild Bidding War Sales During The Unicorn Years Then Yes, It Would Appear That Prices Are Reduced
A weekend topic starting with Ag Web. "As mortgage rates climb to 20-year highs, near 8%, current high-interest rates are eating away at the housing market. This year is currently on pace to see the fewest home sales since 2008.…
Finally, The Penny Is Dropping
A report from US News and World Report."It was a case of good news, bad news as new home sales increased by 12.3% in September while prices dropped sharply from a year ago, the Census Bureau said on Wednesday. Builders…