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…
Another Horrible Deal, With The Glittery Promises Clearly Anything But Gold
It's Friday desk clearing time for this blogger. "'Our housing market is showing signs of stabilizing,' says Dave Walsh, the 2021 president of the California Association of Realtors. Walsh says we now have a median selling price in Santa Clara…
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…
If They All Suddenly Wanted To Exit At The Same Time, They Couldn’t
It's Friday desk clearing time for this blogger. "As of Oct. 24, Zillow had 250 homes on the market in metro Phoenix that were on average priced 6.2% below what the company had paid for them, according to Greg Hague,…
A Pig Moving Through A Python
A report from the Wall Street Journal. "An unusually high number of homes across the country are being appraised below their agreed-upon sales prices, causing a number of deals to collapse. In recent months, during the height of the boom,…
A Ponzi-Like Scheme In Which Investors Were Taken For A Ride
It's Friday desk clearing time for this blogger. "The stratospheric housing market may be returning to earth. Through the first eight months of the year, 28,306 homes were listed for sale in Greater Columbus, up 13.5% from the same period…
The Money Has To Come From Somewhere
A report from the Coeur d’Alene Press in Idaho. "Kristen Johnson, Coeur d’Alene Association of Realtors president said there aren’t as many competitive offers on homes as there were earlier this year, so the market is seeing some price reductions.…
You Don’t Expect It To Go Down, That’s Heartbreaking
A report from Fortune. "So why is inventory rising now? 'There’s a mentality among some sellers that if they don’t sell now, they’ll miss their opportunity to get top dollar,' said Ali Wolf, chief economist at Zonda." From ROI New…
People Borrowed Activity From The Future, And Now It Seems The Future Has Arrived
It's Friday desk clearing time for this blogger. "Median selling prices in July declined 10% from June’s record high of $812,000 for a single-family home. Multiple offers are also down, as well as the number of bidding wars, according to…
We’re Seeing A Little Bit Less Interest, That’s Reflected In The Prices
A report from the Herald Net in Washington. "The local real estate market took a breather from about Father’s Day, June 20, to mid-July, said George Caudill, a long time agent in Lynnwood. 'It was snoozeville for a while.' On…