When You’re A Fruit Picker Loaned 50 Times Your Salary, It’s Little Trouble To Walk Away
It's Friday desk clearing time for this blogger. "Raymond Martin and his wife listed their home in Austin, Texas, for sale for $1.1 million in early May. They figured selling the four-bedroom, three-bath house would be 'a walk in the…
What We Are Witnessing, We Will All Look Back At And Realize, Was The Slow Leak Of A Once Over-Inflated Real Estate Market Balloon
A report from the Times Leader in Pennsylvania. "'Home values in the region saw more growth from 2020 to 2021 than the entire previous decade,' said Jill Avery-Stoss, Director of Operations at The Institute for Public Policy and Economic Development.…
A Little Sense Of Seller FOMO, Where They’re Like, Oh No, We’ve Missed The Top
A report from Fox 13 on Utah. "'Finally the madness has stopped,' said Steve Perry, president of the Salt Lake Board of Realtors. 'Finally the sellers are catching up with how the buyers need it to be. Buyers can now…
The Whole Pyramid Is Collapsing Now
It's Friday desk clearing time for this blogger. "The Federal Reserve’s war on inflation and higher mortgage interest rates have hit Utah’s Wasatch Front housing market — hard. 'Like a wall,' said Steve Perry, CEO of the Salt Lake Board…
Some Buyers Regret The Outlandish Bids They Made During The Early Spring Frenzy
A report from KVUE in Texas. "As Austin-area housing inventory rises, Realtors are seeing signs of the market cooling off a bit. 'Some sellers are doing more moderate price drops,' said Ian Grossman, Realtor at Douglas Elliman Real Estate. 'Some…
Prices Plummeting Back To Earth
https://www.youtube.com/watch?v=aElSbUG8S9Y https://www.youtube.com/watch?v=iFa5MnlSY7k https://www.youtube.com/watch?v=q7WMCZ9wZSQ https://www.youtube.com/watch?v=zRnvKVwc4Lw https://www.youtube.com/watch?v=1ieFBmWDTaI
Even The Denialists Have Finally Come Around
A report from Money Wise. "Austin real estate agent Lilly Rockwell says the market has already started favoring buyers and that she just helped a client negotiate a purchase for under list price. 'It's fabulous. Finally. Tons of choices, very…
For Several Decades, We Have Traded Houses Among Ourselves At Ever-Increasing Prices In The Belief That We Were Creating Prosperity
It's Friday desk clearing time for this blogger. "The fact some major forecasters now foresee sustained price declines — something that hasn't happened in more than a decade — underscores just how quickly the housing market is changing. 'It's noteworthy,'…
Buyer’s Backing Out Of Deals
https://www.youtube.com/watch?v=k3WftNGETCQ https://www.youtube.com/watch?v=gzjIlAt2duA