Can We Lowball To Get A House Now?
https://www.youtube.com/watch?v=ymHnE9SUxJs https://www.youtube.com/watch?v=zDS1JoKBtaY https://www.youtube.com/watch?v=dGxxVkfS8wo https://www.youtube.com/watch?v=Om52wc9pzFQ
It Is Better To Sell At A Loss Than To Have A False Expectation Of Profit And Then Drown And Lose All Your Assets
A report from Deseret News. "In December, Salt Lake County’s median single-family home price dropped to $541,900 — 6% lower than the county’s median price in December 2021, according to the Salt Lake Board of Realtors. In May of last…
Investors Who Were Planning On Flipping Are Now Feeling Fear And Panic
A report from the Montana Standard. "Home sales have slowed to Great Recession levels as the housing market adjusts to elevated mortgage rates, said John Kasperick, a longtime economist at NorthWestern Energy in Butte, and total mortgage demand has sunk…
The Over-Excited, Headless-Chicken Covid Market Has Disappeared
A report from Go Banking Rates. "In 2021, inflation pushed the housing market to record highs — but it wasn’t a bubble. 'It’s not like 2008, because the growth we have seen in the past few years wasn’t based on…
There’s Nothing Quite As Impactful On A Marketplace As Too Many People Who Have To Sell
It's Friday desk clearing time for this blogger. "'When you have a rise and increase in interest rates like we've had, that is a big problem for housing. Interest rates are like the mother's milk of housing,' Pulte Capital CEO…
The Sharknado Of Real Estate: No One Saw It Coming, No One Believed It Was Happening, But We’re Never Going To See Numbers Like That Again
A report from CNBC. "Wells Fargo is stepping back from the multitrillion-dollar market for U.S. mortgages. As part of its retrenchment, Wells Fargo is also shuttering its correspondent business that buys loans made by third-party lenders and 'significantly' shrinking its…
Prices Fall The Furthest They Have In Decades!
https://www.youtube.com/watch?v=D_8qb_rhTEA https://www.youtube.com/watch?v=D9VpMypM0WI https://www.youtube.com/watch?v=vnB96CFz6zk https://www.youtube.com/watch?v=eVlHeZVEZWA https://www.youtube.com/watch?v=xmPLzLrZu-g https://www.youtube.com/watch?v=UNfDPME0ehE
For Those That May Have Overpaid The Last 2 Years The Question Will Be, How Low Will They Go To Get Out Of A Mortgage?
A report from KTVZ in Oregon. "The Bend home market 'finished with a stabilizing median sale price' of $678,000, down $18,000 from November and close to October’s figure. It’s also a drop of nearly $100,000 from the spring, when Bend’s…
Are We On The Same Trajectory If 2020 Didn’t Happen, If 2021 Didn’t Happen, If 2022 Didn’t Happen?
A weekend topic starting with Deutsche Welle. "100 years ago, prices in Germany were soaring by 50% each month, a loaf of bread cost millions of mark. How did the young republic rein in inflation? When the young republic was…
Modern Monetary Theory Is True, As Long As Nobody Believes It’s True
A report from the Union Tribune in California. "San Diego County's home price has dropped for the sixth month and is close to erasing all yearly price gains. Jeff Grant, owner and agent with Sand & Sea Investments, has a…