The 2023 Housing Market Is Going Through Turmoil!
https://www.youtube.com/watch?v=HhQqhVTu8so https://www.youtube.com/watch?v=Vxq-CSSYdTI https://www.youtube.com/watch?v=ZTd4srcJg7o https://www.youtube.com/watch?v=McgyKuaS_CQ
We Have More Loans Nationwide Ready To Foreclose Than We Did In 2007 And 2008
A report from Salt Lake City Weekly. "As Utah's real estate market sizzled during the COVID pandemic, Matthew Borsodi, a compliance officer at one of Utah's largest mortgage lenders, filed a federal complaint alleging that his former employer skirted rules…
Everybody That Had A Deposit… It’s Gone
A report from Mansion Global on Florida. "Lupe del Pino recently paid $258,000 for a two-bedroom condo unit with a balcony in North Miami Beach. That amount was within her allotted budget, but she had an additional cost to pay.…
They Blatantly Lied To Us, We Lose Everything, We Won’t Get Any Money Back
A report from CNBC on New York. "Manhattan real estate sales fell 38% in the first quarter, according to new reports. The big question for brokers, buyers and sellers is where the new 'bottom' will be in Manhattan. The average…
They Thought They Could Never Go Wrong
A report from Houston Agent Magazine in Texas. "Y’all, I hate to lick all the red off your candy, but the days of a super-hot real estate market are behind us (at least for now). While on the surface, that…
Everyone Wants To Pay Tomorrow’s Price
A report from the Orange County Register. "California's latest homebuying debacle is a pumped-up storyline we've seen before — even if each housing bubble has its own shape and size. The median price of an existing, single-family home in California…
Many Sellers Feel They Are Losing Profits Rightfully Theirs And Are Slow To Accept The New Realities
A report from Yahoo Finance. "To say home refinancing activity is a sliver of what it was two years ago is no exaggeration. 'Lenders are hurting. We still see layoffs on a monthly basis,' Jason Sharon, owner and broker at…
From Peak Optimism To Peak Pessimism
https://www.youtube.com/watch?v=Eaqqj68q_xA https://www.youtube.com/watch?v=3EiXWSTA4VQ https://www.youtube.com/watch?v=BPrQdTX1vhQ
Investors Are Now Faced With The Reality That They’re Going To Have To Come Up With Extra Funds
A report from Business Insider. "I felt pressured to buy a nearly $1 million house at age 27 — and I deeply regret it. This as-told-to essay is based on a conversation with Elsa, a 27-year-old software engineer who asked…
It Is Better To Sell At A Loss Than To Have A False Expectation Of Profit And Then Drown And Lose All Your Assets
A report from Deseret News. "In December, Salt Lake County’s median single-family home price dropped to $541,900 — 6% lower than the county’s median price in December 2021, according to the Salt Lake Board of Realtors. In May of last…