The Power Of Bubbles To Deceive
A report from CBS 8 in California. "Trisha Cortez, 35, said she started her search for her first home with her partner back in 2021. They needed to move from the North Park property they had been renting for 10…
The Herd Piles In At The Point Of Peak Excitement And Overpays Horribly
A weekend topic starting with Fox. "Since mortgage rates will continue to rise but are not expected to increase considerably, experts suggest it may be worth it to wait until there is more supply or choices available later in the…
With The Increase In Supply, Purchasers Are Wary Of Paying Too Much
It's Friday desk clearing time for this blogger. "Freddie Mac's weekly mortgage rate survey rate is standby for multiple news organizations to print their once-a-week mortgage rate color. The bigger problem is that Freddie's survey headline often gives the wrong…
A Common Denominator In These Financial Calamities Is Timing
A report from Socket Site in California. "The sale of 765 Market Street#30C has now quietly closed escrow with a contract price of $1.2 million, down 29.4 percent from its 2017 value and an even greater loss when accounting for…
Unless Demand Increases, Prices May Fall Further And Faster If Listings Volumes Continue To Build
A report from Jackson Hole News and Guide. "Looking to buy a house, Harry Richmond found one three or so hours away from San Francisco where he lives and works. But, just as the 33-year-old pharmaceutical industry employee was getting…
Widespread Reports Of Weakening Sales, Falling Prices, And Inability To Get Credit
A report from WGHP on North Carolina. "Investment firms are scooping up more and more homes for sale in the Triad. Diane Spivack, a resident of Brightwood Farm, started asking herself who her neighbors were when she saw some people…
People Are Getting A Grip And Saying, These Numbers Are Ridiculous
A report from Bankrate. "Fannie Mae and Freddie Mac are rolling out new rules covering condo loans - and critics say the stricter reviews are causing condo sales to fall apart, even in buildings with no structural issues. Because most…
If A House Is Old, Rundown And Small, We Say It’s Cozy And Has Lots Of Character
A weekend topic starting with the Tribune in California. "Convicted fraudster and former Atascadero Citizen of the Year Kelly Gearhart was released from federal prison Wednesday. Gearhart, a former real estate developer in San Luis Obispo County, pleaded guilty to…
Central Bankers Are Firemen Who’ve Arrived Late To An Inflation Fire
A weekend topic starting with Yahoo Finance. "The Federal Reserve’s top figure said Thursday that the central bank should have acted sooner to pull back on its pandemic-era stimulus and get ahead of rising inflation. Fed Chairman Jerome Powell told…
A Reality Investors And Sellers Alike Would Have To Accept
It's Friday desk clearing time for this blogger. "So-called iBuyers purchased a total of 70,402 homes in 2021, more than doubling the number purchased in 2019, according to Zillow. The shopping spree led to Zillow’s implosion and a lot of…