Houses Not Selling?
https://www.youtube.com/watch?v=ypOR_naMDgY https://www.youtube.com/watch?v=P-ggFFrhLEo https://www.youtube.com/watch?v=7w4TO61BsYg https://www.youtube.com/watch?v=YZahcYj8xgs https://www.youtube.com/watch?v=7BOfGvyG4jQ
Before We Were Doing All These Ridiculous Things
A report from Go Banking Rates. "'Buyer’s remorse and cancellations shortly after contract are increasing. Builders state buyers are nervous about a potential recession, struggling to get comfortable with higher payments, or expecting home prices to decline,' Jody Kahn, senior…
Debt Sheep Are Scrambling Like Rats
https://www.youtube.com/watch?v=8V70YDYo9XA https://www.youtube.com/watch?v=JiSPWUuNp0Y https://www.youtube.com/watch?v=u3B65ej29xQ
When Everything’s Going Up, It Hides A Lot
A report from Vail Daily in Colorado. "Michael Slevin, owner and president of Berkshire Hathaway HomeServices Colorado Properties, said even as rates rise, his firm’s brokers remain busy. 'We’re counseling sellers that the buyer pool may be diminished,' Slevin said.…
How Do You Pull Money Out If You Just Lost It All?
A report from the New York Post. "Fed officials seemed to oppose taking more aggressive action as recently as last month. Fed Chair Jerome Powell told reporters that half-percentage-point hikes were 'on the table' at meetings in June and July…
Buyers Are Saying I’ve Had Enough And Sellers Are Starting To Freak Out
A report from Market Watch. "Daryl Fairweather — Redfin’s chief economist, who also worked at the Boston Fed says we’re seeing early signs that the housing market is starting to cool, at least in pricey coastal metros. 'Buyers in markets…
Unable To Sell For Even Close To The Price In March When They Bought
A weekend topic starting with KPIX in California. "Though homes across the Bay Area continue to sell for record prices, some real estate experts say the market is beginning to level off. 'I think we're seeing a little bit of…
We’re Hearing People Can’t Qualify Now
A weekend topic starting with the Financial Post. "The key question is not why inflation has broken out: the monetary expansion since winter 2020 made that inevitable. The key question is why inflation didn’t take off after the monetary expansion…
The Economics For Investors Have Completely Blown Out
It's Friday desk clearing time for this blogger. "Lotte Vonk knew that when her second child arrives in a few months, space in her suburban Chicago townhome would get tighter. They listed their home for $315,000 last week and have…