Dare One Wish For Housing Price Cuts?
A holiday topic starting with News Corp Australia. "The Block stars Leah and Ash are not going to get a house sale for Christmas, and an update to the home’s listing will come as quite an kick in the teeth.…
There Was A Speculative Price Bubble, One Of The Biggest In The Last 50 years, Prices Have Been Falling Ever Since, The Bubble Has Burst
It's Friday desk clearing time for this blogger. "Palm Beach County buyers looking for an existing single-family home had more to choose from last month than at any time in at least two years, with active listings and months’ supply…
The Free Money Is At The Root Of All This History
It's Friday desk clearing time for this blogger. "According to the RMLS, the Portland market also saw its highest inventory in nearly five years. Portland-area real estate agents said much of the challenge for sellers is accepting that activity has…
There Is Clear Oversupply And Lower Prices Are In Store
A report from the Ahwatukee Foothills News in Arizona. "While the market will stabilize, it’s expected to remain challenging. The Cromford Report – a leading analyst leading analyst of the Valley housing market – said last week, 'We are seeing…
What Was Once A Dream Has Turned Into A Nightmare For Many
A report from the Arizona Republic. "Metro Phoenix home sales are slowing, so sellers brace yourselves. 'This is not a good time to test a price higher than market value for your home,' said Tina Tamboer, senior housing analyst with…
Artificial High Valuation And Hubris Preceded The Eventual Crash
A report from the Phoenix Business Journal in Arizona. "Homebuyers who missed out on the buyer's market last year might soon be getting another opportunity for value. 'Buyers are going to get another chance at a buyer's market,' said Tina…
It’s Worrying, In The Future, How Are We Going To Sell It?
A report from Market Watch. "It’s an unwelcome blast from the past — home buyers are facing the most unaffordable housing market since the 1980s, according to a new report. 'Affordability pressure is not coming from interest rates alone, though,'…
The Values Of Housing Are In Free Fall, With Prices Fluctuating Crazily
A report from the Arizona Republic. "Metro Phoenix's housing market has likely peaked for the year. Investors and flippers who dominated the market a few years ago have pulled back in the Valley. Veteran housing analyst Tom Ruff described Valley…
Buyers Are No Longer Willing To Pay Those High Prices And Offers Are Coming In Below The Asking Prices
A report from the Sacramento Bee in California. "A bubble in need of bursting. An overheated environment that had to be cooled. A correction for a real estate market out of balance. Federal Reserve Chairman Jerome Powell has been upfront…
Someone, Somewhere, Had Lost A Lot Of Money
A report from CNBC. "'I think it's painful. I think it's ugly,' Matthew Graham, chief operating officer at Mortgage News Daily, said on CNBC. 'I don't think anybody in my community of mortgage originators would disagree that in many ways,…