Once The Hype Was Exposed, The Selloff Was Unforgiving
A weekend topic starting with the Marina Times in California. "San Francisco’s real estate market may be cooling off a bit. 'Some tech folks have lost up to a third of their stock portfolio’s value this year. Along with other…
We’re Hearing People Can’t Qualify Now
A weekend topic starting with the Financial Post. "The key question is not why inflation has broken out: the monetary expansion since winter 2020 made that inevitable. The key question is why inflation didn’t take off after the monetary expansion…
Most Get Into The Ponzi Scheme Knowing It Is A Bubble
A weekend topic starting with Go Local Prov. "In Rhode Island, GoLocal reported that in March that Santander Bank was expected to lay off nearly 200 employees. The layoffs by Santander are taking place across the globe. 'What’s behind banking…
Surrounded By Unfinished Buildings Constructed By Distressed Builders
A report from the Los Angeles Times. "Christopher Thornberg, founding partner with Beacon Economics said Orange County and the rest of Southern California are relatively inexpensive compared with other major metropolises around the world. Given the area is home to…
I Really Don’t Want This Property Anymore, I Don’t Want To Suffer
A report from Aaron Layman in Texas. "It’s pretty amazing to see the Powell Fed stand by while the housing market bubbles over. The median price of a Denton home soared 34.8% from the same time a year ago to…
You Are Gonna See Some People In A Need-To-Sell Situation
A report from Richmond Biz in Virginia. "Joe Dunn, a veteran local mortgage executive, said as of last week around 135 of George Mason Mortgage’s more than 300 employees have since CMG Financial’s poaching began last month. Dunn said the…
The Peak Of Rising Property Prices Was Fast Becoming A Distant Memory
A report from the LA Business Journal in California. "Agents agree that a lot of the reason we are seeing more mansions sell at auction is that properties are simply listed too high and in some cases, sellers want to…
Paying The Price For That Long-Term Period Of Accommodative Lending
A weekend topic starting with Bankrate. "'Effectively, increased mortgage rates reduce conventional buyers’ buying power by 9% to 10% to 11%, pending their debt-to-income ratio,' said Baron Christopher Hanson of Echo Fine Properties. 'Pre-approved buyers for $500,000 to $1 million…