Forced To Sell Out Once-Grand Visions
A report from the Dallas Business Journal. "As of year’s end, the home price index for the Fort Worth and Arlington areas was about 215, up from about 177 in Q4 2020. Prior to last year, the index had never…
Buyers Are Starting To Say Whoa, Wait A Minute, What Are We Doing Here?
A report from CNBC. "'We actually believe the industry is already overbuilding in single-family to normalized demand by roughly 20% and about 10% for multi-family, so we couldn't be on more of an opposite side of where the market is…
Sellers Realize The Window For Cashing-In Appears To Be Closing
A report from WKRN in Tennessee. "'The Hermitage market inventory has doubled in the past 12 months,' Bobby Hill with Crye-Leike Realtors said. 'What we’re seeing right now is push back in our marketplace from the buyer base toward sellers…
Rising FOMO Among Sellers Could Help The Trend Continue
It's Friday desk clearing time for this blogger. "'This continued demand for homes is enticing more homeowners to sell in order to avoid the fear of missing out on historically high prices,' said Redfin Chief Economist Daryl Fairweather. Redfin reported…
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’ve Trained Them To Believe That It’s Red Hot With No End In Sight
A report from the Lawton Constitution in Oklahoma. "For the first time in her 40 years as a realtor, Brenda Bentley is seeing sellers get well above asking price for their home. 'It’s been hard for sellers all these years,'…
I Won’t Get Out, It’s Very Hard For Us To Find Another Purchaser
It's Friday desk clearing time for this blogger. "Betsy Ronel, a licensed real estate salesperson with Compass in Westchester County, New York, said she believes the market will be in recovery mode for the foreseeable future. 'It’s a national issue,…
There’s Still No Need To Panic
A report from the Center Square on Colorado. "Denver’s housing market increased its inventory by nearly 30% last month, but experts say it won’t be enough to shift the market in favor of homebuyers. The average sale price of $625,000…
Everyone Who’s Willing To Overpay For A House Already Has
A report from the Dallas Business Journal in Texas. "Real estate agents and others in the residential business say they have seen DFW transition over the last couple of months from a completely insane housing market to what's still a…
Great, I Have To Give Away Six Months Free, Well Then Why Am I Buying This Now?
A report from Spectrum News on California. "Saving and budgeting might be the best approach for aspiring home owners in LA County, where the average house costs over $700,000. Richard Green, director and chair of the USC Lusk Center for…