It’s Getting Worse
https://www.youtube.com/watch?v=lgBVG3B0F88 https://www.youtube.com/watch?v=zN9693E2nxk https://www.youtube.com/watch?v=uG_cye-f2Gk
Today’s Sellers Feel They’ve Missed Out On The Hot Sellers’ Market And In Some Ways They Have
A report from Fox News. "'For the last seven straight months it has been going down and this is a huge drop - and I think all it says is, ‘Somebody do something or we’re going to go into a…
A Wintry Summer Is Brewing While Sellers Clamber For Yesterday’s Prices
A report from the San Francisco Chronicle in California. "Redfin agent Andrea Chopp said while so many buyers have been priced out of the market, she thinks it’s actually a great time to buy — if you can afford it.…
There Is Panic In The Market
It's Friday desk clearing time for this blogger. "More and more homes in Citrus Heights and the Sacramento region are seeing reductions in prices from original list price. Appraiser Ryan Lundquist says it’s a different market today than just a…
The Property Sector Is Now In The Darkest Moment With Lots Of Defaults And Consolidations
A report from Reuters. "With the Fed poised to hike further, the MBA forecasts that total mortgage originations will fall 35.5% this year, with a 64% decline in refinancings. 'We have a classic case of a mortgage boom to bust…
Buyers Are Ending Up In A Stronger Position, With More Time, Choice And Leverage
A report from Mortgage News Daily. "Black Knight's latest Mortgage Monitor report was released this morning. One of the two key pieces of additional data is the average mortgage payment associated with the average-priced home. After all, rates are lower…
It’s A S–t Sandwich And Investors Are Scrambling To Find Out What Happened To Their Money
A weekend topic starting with Greenwich Time. "To much of the world, Greenwich is an enclave of the rich and powerful, the standard for Connecticut’s 'gold coast.' To satirists, it is a target for their humor. That was the case…
Everything Is Gone, Everything Is Bankrupt, It’s All Gone
A report from Fox 5 New York. "It's news any seller would want to hear: offers on their home are pouring in, many above the asking price. 'The offers are coming in before the homes are even on the market,'…
We’ve Seen The Mother Of All Booms, It’s Pretty Much Ended
A report from Yahoo Finance. "Much of the blame rests with the Fed for 'way overstaying their welcome with [quantitative easing] and zero rates and badly misreading inflation that they are now being forced to play catch up with,' said…
Any Investor Willing To Take On That Loss Would Be Gambling
A report from DS News. "Mortgage rates increased to 3.22%, the highest percentage since May 2020. Agents have said the potential for higher mortgage rates is motivating sellers to act quickly. 'Sellers want to get their homes on the market…