Buyers Remorse And Cancelling Contracts Has Reached Epidemic Numbers
https://www.youtube.com/watch?v=HXLFdh80umI https://www.youtube.com/watch?v=_q73ZtosGDk https://www.youtube.com/watch?v=puAlVYclzF8 https://www.youtube.com/watch?v=IZsietlsuls
When People Were Looking To Sell At The Peak, The Decision Got Put Off, Now They’re Stuck In A Different Market
A report from The Chronicle in Washington. "From October to November, home prices fell 10.54% in Lewis County, dropping from $427,000 in October to $382,000 in November, compared to a monthly decrease of 3.63% in Pacific County, 5.62% in Cowlitz…
Pay Less Attention To, Or Even Ignore, What Sellers Are Asking For
It's Friday desk clearing time for this blogger. "'The phone’s barely ringing,' said real estate agent John Silva of John Silva Realty & Associates in Orlando. 'Those high, skyrocketing prices we saw months ago, they aren’t moving anymore. They’re just…
It’s As If A Chunk Of Their Nest Egg Has Suddenly Been Snatched From Underneath Them
A report from the Houston Chronicle in Texas. "'For buyers now, you're not really buying at the peak because that was more about six months ago to a year ago when we had multiple offers,' said Jennifer Wauhob, HAR's chair.…
This Is A House With A Lot Of Smoke Alarms And They Are All Going Off
A report from Money. "If you bought your home in 2008 or 2009, selling in 2023 will still be profitable for you,” says Maureen McDermut, a real estate agent with RE/MAX of Cherry Creek in Denver. “If you bought in…
Homebuilders Are Now Stuck With A Bunch Of New Houses That Are Hard To Sell
A report from Yahoo Money. "About 270,000 homebuyers who bought during the red-hot housing market this year already owe more than their house is worth, a new analysis found. Among the 450,000 underwater borrowers in the third quarter, nearly 60%…
The Reality Of Living Through It Is Something Sellers Are Not Prepared For
A report from Geek Wire. "'We’ve tied up hundreds of millions of dollars in houses that you yourself wouldn’t want to own right now,' Redfin CEO Glenn Kelman wrote. 'Even before its overhead expenses, the RedfinNow properties segment will likely…
Properties With Blemishes Need To Be Discounted Below The Discount For Good Properties
A report from DS News. "'Homebuilders started scores of projects during the pandemic moving frenzy and are now stuck with a bunch of new houses that are hard to sell because mortgage rates have risen to 7%,' said Faith Floyd,…
Builders Are Willing To Reduce Prices Heavily To Free Up Capital To Continue Building
https://www.youtube.com/watch?v=bqKe2LsrvnY https://www.youtube.com/watch?v=OUlZR2MKQVY https://www.youtube.com/watch?v=1JS8PE-U0mQ https://www.youtube.com/watch?v=lXj-idl76pQ https://www.youtube.com/watch?v=e60ryKLagKs https://www.youtube.com/watch?v=HwNpW052gsY
How Little They Really Know About What They Imagine They Can Design
A weekend topic starting with WBZ-TV. "Rates on a 30-year mortgage are now more than double what they were at this time last year. It's just the latest impact Americans are feeling from inflation levels not seen in 40 years.…