Death By 1,000 Slashes
A report from Deseret News on Idaho. "'The sky is not falling,' said TJ Pierce, a real estate agent in Boise. 'Everybody knew it wasn’t going to last. It’s just a matter of how long.' Hop over to a more…
If You Bought At The Peak, You’re Probably Kicking Yourself Right Now
A report from Market Watch. "Prices 'might go down a little bit, but a crash I consider to be a more than 10% decline in home values, and that seems far-fetched right now,' says Daryl Fairweather, chief economist for Redfin."…
Prices Went Up Too Fast
A report from ABC News. "Wesley and Kimberly Robinson, both elementary school teachers, started building a new home for themselves and their two daughters in Rogers, Arkansas, last year, when interest rates were close to 3%. But their mortgage rate…
The Post-Covid Bubble Is Unraveling
It's Friday desk clearing time for this blogger. "As of Sept. 9, there were 2,699 single-family homes listed for sale with the Multiple Listing Service of Colorado Springs, broker Harry Salzman said. 'That’s five times where we were six months…
It’s Making People Poor
A holiday topic starting with In Maricopa in Arizona. "It’s no secret that right now, the real estate market is once again changing. Dayv Morgan, a Maricopa Realtor, has spent the last 13 years selling real estate. Morgan said the…
The Buying Binge Is Becoming A More Distant Memory Each Week
A report from News 4 Jax in Florida. "Jacksonville-based realtors are seeing some cases where buyers are pulling out of contracts. 'I had a friend of mine who’s also a realtor. He had buyers. They got into a contract and…
It’s Evident That Sellers Are Trying To Catch The Tail End Of The Frenzy … But They Just Missed It
A report from the News and Observer in North Carolina. "In a more buyer-friendly market, said Yoana Nin, a local real estate agent whose firm serves the Triangle region. Homesellers must now 'put in more effort' and be willing to…
A Crazy Real Estate Market For Too Long Is A Formula For A Crash
A weekend topic starting with Bloomberg. "The US mortgage industry is seeing its first lenders go out of business after a sudden spike in lending rates, and the wave of failures that’s coming could be the worst since the housing…
For Years, People Worshiped At The Altar Of Property
A report from Bloomberg. "Institutional landlords are canceling contracts and getting more particular about purchases. The tech-powered home flippers known as iBuyers are slashing asking prices to clear inventory. Small-time property hounds are passing on homes they would have bought…
It Becomes A Bit Like A Ponzi Scheme
It's Friday desk clearing time for this blogger. "Kansas City area Realtors are looking ahead to the next few months in the housing market. 'Six months ago, you can go to a seller, you can say, ‘Hey, throw me out…