Everything Is Falling
A report from KRDO in Colorado. "According to a broker associate at Re/Max of Pueblo Inc., Mike Pospahala, two years ago there was a lot of competition to buy a home. He said a lot of homes were sold above…
I’d Like The Value Of My Home To Start Rising Again, I Wonder If The Good Days Are Over
A report from the American Statesman in Texas. "StoryBuilt, one of Austin’s most active urban developers, has launched a major reorganization and furloughed employees as it deals with a financial meltdown. In a letter sent to StoryBuilt investors Friday, co-founder…
A Major Change Of Fortune After An End To The Era Of Cheap Money That Fed A Decade-Long Property Boom
It's Friday desk clearing time for this blogger. "The Austin housing market is starting to look a lot more like 2019. For the past three years, multiple offers, bidding wars and all-cash deals became the norm in Central Texas. Now,…
Many Markets Have Become Somewhat Overbuilt And There Is Additional Inventory Being Completed
A report from 425 Business in Washington. "SmartAsset found that the Seattle area hosts three of the top 25 spots in the lineup for the nation’s most expensive housing markets. Among the priciest is the Eastside’s Sammamish area. At the…
The Market Can See Asking Prices Fall Like Raindrops
A report from Community Impact in Texas. "The residential real estate markets in Round Rock, Pflugerville and Hutto are still dropping in median price and increasing in inventory. The local trend for June is similar to pricing and inventory data…
Some Of The Lessons From Previous Crises Have Been Forgotten
A weekend topic starting with the New York Post. "Authorities in California have ceded prime real estate on the Venice Beach boardwalk to a rotating cast of vagrants — a microcosm of the insanity plaguing the Golden State amid its…
Buyers Who Purchased At The Height Of The Market Are Now Facing Inevitable Market Realities
It's Friday desk clearing time for this blogger. "Home prices in many parts of the Treasure Valley have cooled down in recent months. The median sales price for June 2023 was $545,000 in Ada County, according to data from Intermountain…
All Those People Thought They Would Become Millionaires And They Are Now With Something More Or Less Worthless
A report from KOBI in Oregon. "The ‘Rogue Valley Association of Realtors‘ releasing new numbers regarding housing statistics in Jackson County. It shows the county sold less homes compared to this time last year. It dropped by 36 percent. Numbers…
There Are Some That Refuse To Admit Defeat But These Are A Minority
A report from the Herald Tribune in Florida. "Robert Goldman, a Realtor with Michael Saunders & Co., said that about 50% of all the properties in Sarasota County have had some form of price adjustment. Craig Ceretta, managing broker with…
Their Household’s Largest Single Investment Is, In Many Cases, No Longer Worth What They Thought It Would Be
It's Friday desk clearing time for this blogger. "The value of real estate in the heavily damaged coastal areas have fallen dramatically, with total assessed value 40% in Fort Myers Beach and nearly 32 % lower on Sanibel. Home listings…