How Extreme Is Our Current Decline?
https://www.youtube.com/watch?v=wf3ibEfNooc https://www.youtube.com/watch?v=81cX_2JbUI8 https://www.youtube.com/watch?v=fbezzCWjt9Q https://www.youtube.com/watch?v=uyL36b8_ZoE
You Are Effectively Trapped, And Your Bank Knows It
A report from Axios on Virginia. "Richmond home prices seem to be leveling off some after soaring for two years, per Redfin. The city of Richmond saw the biggest year-over-year drop in median sales price for single family homes in…
Accept Losses Instead Of Shouting For Help
It's Friday desk clearing time for this blogger. "The Greater Boston Association of Realtors released a report indicating that the number of active listings was up across the board in the region last month. 'Buyers were hard to find over…
At A Feverish Time, People Rush To Buy At Any Price, But When The Market Faces Doldrums No-One Cares Despite The Remarkable Price Discounts
A report from DS News. "A case study of two nationwide cohorts of properties brought to foreclosure in Q4 2022 reveals that proactive pricing is key to optimal distress disposition during a housing slowdown, according to Auction.com. 'With home prices…
The Soft Landing Island Is Looking Really Crowded
A report from DS News. "As the housing market took its twists and turns to close our 2022, Fannie Mae felt the impact of a market in flux. Fannie Mae’s net income decreased $9.3 billion in 2022, compared with 2021,…
Analyzing The Propaganda To Make Some Sense Of It All
https://www.youtube.com/watch?v=UNF8DSIwDKM https://www.youtube.com/watch?v=gNutkBdZR_4 https://www.youtube.com/watch?v=HB81fFPcp70 https://www.youtube.com/watch?v=YMEIu75Z_30 https://www.youtube.com/watch?v=dwji3zu7naw https://www.youtube.com/watch?v=-HVrAOqGf24 https://www.youtube.com/watch?v=y5VKKBwgNK0 https://www.youtube.com/watch?v=H_ZLi3qLbpM
Demand Has Significantly Slowed Down, And Homes Are Getting Zero Or One Offer
A report from the Keene Sentinel in New Hampshire. "What broker A. Ranger Curran and others agree on is that the pandemic-fueled frenzy — where there were five to 10 offers in a week and buyers were willing to pay…
We Hear The Words But No Longer Hear The Music
A report from KXTV in California. "'These homes we're in now... when they went up originally in 2018 just before the pandemic, they were running anywhere from high $300,000 to low $400,000,' realtor Dana Harward explained as she drove around…
New Homeowners, Having Achieved Their Dream, Are Plagued By Shame And Fear Because They Bought Around The Market Peak
A report from Axios on Arizona. "A New York Post article reporting that Goldman Sachs has forecast a 2008-level housing crash in Phoenix sent ripples through the Valley's real estate industry last week.The median Phoenix home sale price, which was…
The Good, The Bad And The Where Did Everyone Go?
https://www.youtube.com/watch?v=36nVXwmgleo https://www.youtube.com/watch?v=kB1aXhHEv7E https://www.youtube.com/watch?v=3XYZRCviQTE