Where Did The Buyers Go?
https://www.youtube.com/watch?v=OFWp8bJP3-s https://www.youtube.com/watch?v=4FVsg9XlRns https://www.youtube.com/watch?v=rBiiO4EmRzE https://www.youtube.com/watch?v=6u0v5d2s1To
When Everything’s Going Up, It Hides A Lot
A report from Vail Daily in Colorado. "Michael Slevin, owner and president of Berkshire Hathaway HomeServices Colorado Properties, said even as rates rise, his firm’s brokers remain busy. 'We’re counseling sellers that the buyer pool may be diminished,' Slevin said.…
The Great Disinflation Of The Housing Market Is Clearly Underway
A weekend topic starting with WTOP. "'We’ve seen a huge slowdown in demand. In fact, I’m talking to real estate agents who are canceling open houses because they say nobody is showing up right now,' said Diana Olick, who has…
It’s Not Complicated — It’s Interest Rates, And Now The Party Is Over
A report from the Patriot Ledger in Massachusetts. "'Since the prices have gone up so quickly, there's a lot of people that don't qualify,' said Iva Sandra Andrade, a Brockton-based Realtor who joined the real estate industry in 2015. 'And…
Agents Often Credit Motivated Vendors As The Reason For The Price Drop
A report from BoiseDev in Idaho. "April Florczyk, the founder of 208 Market Real Estate, told BoiseDev that dynamics are shifting – especially in Ada County. 'The average active price is almost $150,000 higher than the sold price,' she said.…
The Safety Valve Of Being Able To Sell In A Rising Market Is No Longer There
A report from the San Diego Reader in California. "Like a flock of birds changing flight abruptly and in unison, so could go the real estate market. One Sunday, a few months ago, I held an open house for one…
There’s Going To Be A Drop In Their Expectations
It' Friday desk clearing time for this blogger. "Homebuyer demand softened further over the last several weeks, according to Redfin. 'Buyers are becoming more discerning. They’re less willing to overpay because now they’re only facing three or four competitive offers…
Investors Might Get FONGO As They Have Missed Their Chance To Cash Out
A report from the Herald Journal. "What used to be outrageous is now the norm in Utah’s housing market. Erika Wiggins, an agent who specializes in the Sugar House neighborhood in Salt Lake City, said one of her clients offered…
Trees Don’t Grow Tall Forever
A report from Fox South Carolina. "Greenville continues to be a relocation destination as experts predict an 11% increase in home sales this year. 'We're going to be in a seller's market for decades, decades,' said Thomas Cheves, a Coldwell…