The Losses Reflected The Reckoning
A report from the News Press in Florida. "To date, the number of new listings that came to the Bonita Springs and Estero markets in 2021 was 270, which was higher than the 193 total listings that came to market…
It Means Another Lost Decade
It's Friday desk clearing time for this blogger. "Christian Chapman, a former underwriter at Better.com, has worked in the mortgage business for almost 20 years and has been laid off by three other mortgage companies in the past. However, none…
The Party Is About To End As Central Banks Look To Take Away The Punch Bowl
A report from the New York Post. "Better.com became a pandemic darling as city dwellers sought to flee to greener and larger spaces in the suburbs, fueling a boom in the housing market and associated lenders. CEO Vishal Garg laid…
In The Twilight Of An Incredible Boom
A weekend topic starting with a press release. "ATTOM released its third-quarter 2021 U.S. Residential Property Mortgage Origination Report, which shows that 3.59 million mortgages secured by residential property (1 to 4 units) were originated in the third quarter of…
To Put It Simply, This Is A Bottomless Hole
A report from Dirt on California. "A couple months ago, a Sunset Strip house sold for $14 million - exactly $5 million less than the sellers had paid in 2014. Months before that, another nearby house sold for $12.5 million,…
Cutting Its Losses, Leaving Sellers Holding The Bag
A report from the Phoenix Business Journal. "Homebuyers across the country are furious with Zillow Group Inc for canceling contracts. Compounding the issue is the fact that many of these homeowners are waiting for their new construction homes to be…
When The Market Cools, Investors Actually Become The Pessimists
A report from WKRN in Tennessee. "A broken deal has left a Murfreesboro couple with a broken dream after a case of iBuying went bad. Zach Griest, Owner of Zach Taylor Real Estate, says his clients are upset, counting on…
Million-Dollar Condos With Ten-Dollar Views
A report from News Corp on California. "The secluded longtime home of Arnold Schwarzenegger has hit the market, with $15 million (US$11m) price hopes. In 2013, the house was sold for US$12.9 million. The home is now being sold by…
We Caused A Boom, And Now We’ve Got To Try To Avoid A Bust
A weekend topic starting with BBN Times. "The amount of wealth in an economy should be related to the amount of income. For example, wealth in real estate will be linked to the income that people have available to pay…
It’s Been One Wild House Party — That Might Be Over Now
A report from the Daily Democrat in California. "Tom Doyle bought a house in southwest Woodland for $675,000 last year in October. Doyle said that his family had been paying attention to the housing market, but it is very different…