Are There Too Many Houses?
https://www.youtube.com/watch?v=9lE8tzbuDC4 https://www.youtube.com/watch?v=vpRHtsKYBrM https://www.youtube.com/watch?v=zFCMxwVMAMA https://www.youtube.com/watch?v=JMSGuKFIGnE https://www.youtube.com/watch?v=A8U-yh48gb0
When The Bids Were Over It Was, Congratulations, You Are Now Essentially The Biggest Loser
A report from CNBC. "Diana Olick: Mortgage rates moved higher again last week, pushing buyers back to the sidelines just as the spring housing market is supposed to be heating up. Applications to refinance a home loan fell 6% for…
There Is A Bubble To Burst
A report from Fox 13 in Utah. "Matthew Clewett bought his first home in Kaysville back in 2021. Since May, the board says those prices have dropped 22 percent. 'It was an offer that I actually had to pay above…
It Was Hard For Sellers To Realize That They No Longer Have That Price Escalation
A report from the Tribune in California. "If 2022 was a roller coaster for San Luis Obispo County's housing market, 2023 appears to have pumped the brakes somewhat. The median home price has cooled off to $790,000, a notable drop…
Whatever We Owe On It, Let The Bank Take It
A report from the Marin Independent Journal. "Beth Brody, a Compass agent in Mill Valley, is bullish about 2023 after a year in which the median home price in Marin plunged about 30%. The apex was $2.12 million in April.…
Investors Who Were Planning On Flipping Are Now Feeling Fear And Panic
A report from the Montana Standard. "Home sales have slowed to Great Recession levels as the housing market adjusts to elevated mortgage rates, said John Kasperick, a longtime economist at NorthWestern Energy in Butte, and total mortgage demand has sunk…
The Over-Excited, Headless-Chicken Covid Market Has Disappeared
A report from Go Banking Rates. "In 2021, inflation pushed the housing market to record highs — but it wasn’t a bubble. 'It’s not like 2008, because the growth we have seen in the past few years wasn’t based on…
The Exploding Housing Prices We Saw The Last Two Years Are Behind Us
https://www.youtube.com/watch?v=HtZNbuY_Zzw https://www.youtube.com/watch?v=5P3i62mDqRw https://www.youtube.com/watch?v=jAyby0ysrCc https://www.youtube.com/watch?v=wjUCwZm2WfQ https://www.youtube.com/watch?v=WSL85F5ORWM
Is Buyer’s Remorse The New Normal?
https://www.youtube.com/watch?v=rGY57OEyXIc https://www.youtube.com/watch?v=a3_o15QOf3s https://www.youtube.com/watch?v=2-9rSiXO2iI https://www.youtube.com/watch?v=3mEuqxcMlYI
The Media And The Public Will Think The Sky Is Falling, The Truth Of It Is The Sky Actually Fell Last June And Kept Falling
It's Friday desk clearing time for this blogger. "When mortgage rates hit 7% in the fall, Austin-based mortgage broker Aaron Kovac was a little spooked. After a stunning rise in home sales amid ultra-low interest rates, 'the market just went…