Builders Are Drastically Reducing Prices
https://www.youtube.com/watch?v=gqFPhsO-2W0 https://www.youtube.com/watch?v=ZU5-YtaZ788 https://www.youtube.com/watch?v=txFUlbMUyrk
Why Do You Want To Buy Something That You Expect To Become Cheaper?
A weekend topic starting with the Atlantic. "This coming recession, if it does come, will largely be an artifact of policy, with a handful of unelected bureaucrats based in Washington choosing to increase unemployment and bankrupt businesses in order to…
What Worked In The Past Won’t Work Now
It's Friday desk clearing time for this blogger. "'I’ve felt a massive drop,' says Sabrina Must, who in the height of the pandemic could command more than $1,000 per night on a holiday weekend in Encinitas, California but now has…
If A Person’s Equity Falls Into Negative Territory, Lenders Are Unlikely To Take Them On At All
It's Friday desk clearing time for this blogger. "'In this particular market, the metro Detroit market we’re actually seeing home prices dropping. I’m seeing home prices drop by $10,000 a month,' said broker Maynard Neal." "'Now that we’re entering a…
The Central Bank Is Quite Happy To See Those Prices Fall
A report from The Hill. "A series of layoffs at America’s major technology companies could put pressure on local housing markets. San Jose and San Francisco are among five U.S. metros that have already experienced year-over-year price declines. Prices fell…
It Didn’t Matter Whether You’re Priced At Yesterday’s Price Or Today’s Price, So Many Buyers Are Still Making Offers Much Lower Than Asking
It's Friday desk clearing time for this blogger. "A blazing-hot housing market has chilled in Northeast Colorado. 'We’re getting more creative,' said Wendy Jerman, Realtor at Town Square Realty in Sterling.. 'More agents are sending out email blasts about reduced…
Realtors Have Had To Slash Selling Prices Because They Need Cash
A report from Realtor.com. "The red-hot housing market has been brought to its knees by soaring mortgage interest rates. 'No one wants to catch a falling knife,' says economist Yelena Maleyev of KPMG US. 'No one wants to buy in…
Buyers And Sellers Are Getting Used To A New Reality And They Are Leaving The Craziness Behind
A report from the Sun Sentinel. "Businesses tied to the real estate industry say they’ve started to feel the effects of the housing market slowing down in South Florida. 'It’s a ghost town,' says Bruce Gubnitsky, the owner of BG…
Obviously FOMO’d In And Wearing The Consequences Of That
A report from KVVU in Nevada. "Homeowners throughout the Las Vegas Valley in brand new homes say they’re dealing with ongoing problems that range from small to major. Doug and Sue Perns moved into their new home in September of…
The False Sense That Real Estate Is A Readily Liquid Asset
It's Friday desk clearing time for this blogger. "Whenever the housing market slows significantly, layoffs in the mortgage industry follow. And that’s what happened Tuesday at Radian Group Inc., a Wayne firm that sells mortgage insurance and provides other services…