Buyers Are Pricing In Future Decreases And They Are Submitting Really Low Offers
https://www.youtube.com/watch?v=r-Vesr7k8bA https://www.youtube.com/watch?v=oeOyD8cxhUE https://www.youtube.com/watch?v=_kbDQ8OoHu0
For Those That May Have Overpaid The Last 2 Years The Question Will Be, How Low Will They Go To Get Out Of A Mortgage?
A report from KTVZ in Oregon. "The Bend home market 'finished with a stabilizing median sale price' of $678,000, down $18,000 from November and close to October’s figure. It’s also a drop of nearly $100,000 from the spring, when Bend’s…
The Pressure To Pay Interest Every Month Has Turned Our Hope For A Big Profit Into A Time Bomb
A report from Axios Denver in Colorado. "As the market settles, so will the 'record-breaking appreciation homeowners have been spoiled with,' realtor Jeremy Kane at eXp Realty anticipates. 'This will feel like a pull-back or a loss in value, when…
Don’t Catch A Falling Knife
https://www.youtube.com/watch?v=hs5N8ByRS5Y https://www.youtube.com/watch?v=jWYS1i0PE3M https://www.youtube.com/watch?v=f6MvGm6zmW4 https://www.youtube.com/watch?v=5Bo5-U1vO6g https://www.youtube.com/watch?v=mtdrSDRjtL0
The Craziness Will Go Down In History As A Once-In-A-Generation Boom That Was Not Sustainable
It's Friday desk clearing time for this blogger. "In June 2021, when the cryptocurrency markets were soaring, the developers of the Arte condominium in Miami’s Surfside neighborhood announced that a buyer had purchased a penthouse there for $22.5 million in…
Winter Is Here For Investors
A report from 5280 in Colorado. "This past summer Point2 showed metro Denver homes, on average, increased in price $94 each day between 2011 and 2021. As interest rates increased and the economy started to slow in mid-2022, real estate…
An Asset Which Produces Nothing
A report from KTNV in Nevada. "Some Las Vegas sellers are getting creative to get more offers. Zoom in towards the area of St. Rose Parkway and I-15 and you'll find a home listed for only one dollar. 'It is…
We’re Helping Sellers Come To Terms That They Have Lost Out
A report from ABC 10 in California. "'Even worse than 2007,' said Ryan Lundquist, a Sacramento-based appraiser and housing analyst. 'And that sounds so dramatic, but it's true, because what we're seeing is some buyers have disappeared from the market.'…
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…