Getting Ahead Of Buyer’s Remorse
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What are your housing bubble predictions for the new year? Six months ago: "I think this will have to do primarily with interest rates – and i think that the central banks will chicken out and live with inflation (in…
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It's Friday desk clearing time for this blogger. "Markets like Phoenix and Las Vegas, which saw a boom in sales during the pandemic, are now experiencing a glut of homes for sale, said Jeff Tucker, senior economist at Zillow. 'There…
A report from the Dallas Morning News. "'There’s no doubt about it, the market is slowing down from a very high peak,' said Texas A&M economist Jim Gaines. Homebuilders also saw a dramatic decline in sales that led them to…
A report from the New Hampshire Business Review. "Sales have been down all year to some extent, but mainly due to shrinking inventory. In the last few months, something else is going on. 'Certainly, interest rates slowed things down,' said…
A report from NBC San Diego in California. "Gone are the days of 30 bids raising a home’s prices overnight. 'That market is done. It’s completely dead,' declared Miguel Contreras a real estate consultant. 'If you’re a seller, you have…
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A report from the Union Tribune in California. "San Diego County's home price has now dropped five months in a row. The median home price was $775,000 in October, said CoreLogic on Tuesday. It reached an all-time high of $850,000…
A report from Business Insider. "Flippers are facing the music as the housing market begins to show signs of cooling down. Austin Rutherford told his 700,000 followers he will likely take a loss on a recent flip in Ohio. Fellow…