The Shoe Is On The Other Foot
https://www.youtube.com/watch?v=49c2Yt8zjkg https://www.youtube.com/watch?v=7LcecDuj6A8 https://www.youtube.com/watch?v=wUeOzCEtOjM https://www.youtube.com/watch?v=VDcJbX4tp28 https://www.youtube.com/watch?v=kFSinqkil0o
The House Price Slip Has Become A Slump
It's Friday desk clearing time for this blogger. "Seattle-area home prices dropped again in March. The median single-family home in King County sold for $840,000 in March, down about 10% from a year earlier, according to the Northwest Multiple Listing…
How Many Times Have We All Heard The Word Unsustainable?
A report from Mansion Global. "Austin, Texas has cooled faster than any other major U.S. metro over the past year, according to the report. The city’s median price plummeted 13% year over year in February. Austin leads a trend where…
You’re Bleeding Money, Before It Was Free Money
A report from the Los Angeles Times in California. "Industry experts generally agree that L.A.’s luxury market has slowed down this year, and the data agree. 'I’ll do anything to sell,' said the owner of one home in Brentwood who…
Those People Who Saw The Extraordinary Capital Gains Were Thinking That They Might Miss Out On Growth, But Are Now Realising We’ve Come Back To A Normal Market
A report from the Mercury News in California. "'Silicon Valley Bank’s collapse is good for real estate,' said Chris Thornberg, an economist and founder of Beacon Economics. 'I mean it. If it forces the Federal Reserve to truly sit on…
Ugly Numbers On The Way
https://www.youtube.com/watch?v=8izVmvxxSLk https://www.youtube.com/watch?v=OWfqMd8VmXM
A Lot Of It Is Just Evidence Of Failed Speculative Activity
It's Friday desk clearing time for this blogger. "After reaching a peak of $670,000 in May 2022, median home prices in Northwest Austin have been consistently declining since August, according to the Austin Board of Realtors. February marks the seventh…
For 30 Years The Fed Has Merrily Fed Us Easy Money Policies, Then Expressed Shock – Shock! – That Those Policies Led To Disaster-After-Disaster
A report from the Seattle Times in Washington. "The failures of Silicon Valley Bank and Signature Bank have reverberated across Seattle’s housing market. Even as regulators rush to stabilize banks, some buyers may wonder if 'these are just sort of…
They Way Overbid Everybody Else, They’re Not Going To Get That Back
A report from Bloomberg on California. "The collapse of Silicon Valley Bank has dealt yet another blow to San Francisco’s depressed housing market, dashing agents’ optimism that conditions would finally start to improve. 'Not a single buyer has expressed interest…
Sales SLUMP, Driving Prices Down And Inventory Up!
https://www.youtube.com/watch?v=Weqi1H4AQPE https://www.youtube.com/watch?v=wWdmTEsOaDI https://www.youtube.com/watch?v=Ja2fMX6iFO4 https://www.youtube.com/watch?v=xeOg_3toZok