Terminated Contracts & Plunging Demand
https://www.youtube.com/watch?v=qqx6u9sayTM https://www.youtube.com/watch?v=FKAJ13AVPjc https://www.youtube.com/watch?v=xfWF0QKDFcE https://www.youtube.com/watch?v=5D-zKqgBYes
It Becomes A Bit Like A Ponzi Scheme
It's Friday desk clearing time for this blogger. "Kansas City area Realtors are looking ahead to the next few months in the housing market. 'Six months ago, you can go to a seller, you can say, ‘Hey, throw me out…
No One’s Been Thinking About What Happens When Things Go Down
A report from Vice Magazine. "Brent Rogol, an agent in New York, was recently selling an apartment to a buyer who was heavily invested in tech stocks, which dropped dramatically in value over the course of negotiations. 'It really reduced…
When You’re A Fruit Picker Loaned 50 Times Your Salary, It’s Little Trouble To Walk Away
It's Friday desk clearing time for this blogger. "Raymond Martin and his wife listed their home in Austin, Texas, for sale for $1.1 million in early May. They figured selling the four-bedroom, three-bath house would be 'a walk in the…
Sellers Are Not Getting The Prices They Want, And They Are Incredulous At The Change
A report from the Sun Sentinel in Florida. "More inventory is coming back to the housing market and closed sales are plummeting as the buyer frenzy of the past year starts to taper. 'Buyers cannot handle these high prices and…
Today’s Sellers Feel They’ve Missed Out On The Hot Sellers’ Market And In Some Ways They Have
A report from Fox News. "'For the last seven straight months it has been going down and this is a huge drop - and I think all it says is, ‘Somebody do something or we’re going to go into a…
What We Are Witnessing, We Will All Look Back At And Realize, Was The Slow Leak Of A Once Over-Inflated Real Estate Market Balloon
A report from the Times Leader in Pennsylvania. "'Home values in the region saw more growth from 2020 to 2021 than the entire previous decade,' said Jill Avery-Stoss, Director of Operations at The Institute for Public Policy and Economic Development.…
The Market’s Sugar High Is Over
A report from USA Today. "Membership in the National Association of Realtors grew from 1.48 million at the end of 2020 to 1.56 million at the end of 2021. Kalyani Dere, a former data analytics professional, entered the field of…
They’re Sitting On The Market For A Few Weeks To A Few Months And People Are Not Touching It
A report from the Phoenix Business Journal in Arizona. "As the Valley's housing market continues to cool, home sellers are cutting list prices while various incentives are emerging — signs that the housing market is finally on its way to…
For Several Decades, We Have Traded Houses Among Ourselves At Ever-Increasing Prices In The Belief That We Were Creating Prosperity
It's Friday desk clearing time for this blogger. "The fact some major forecasters now foresee sustained price declines — something that hasn't happened in more than a decade — underscores just how quickly the housing market is changing. 'It's noteworthy,'…