The Good, The Bad And The Where Did Everyone Go?
https://www.youtube.com/watch?v=36nVXwmgleo https://www.youtube.com/watch?v=kB1aXhHEv7E https://www.youtube.com/watch?v=3XYZRCviQTE
There’s A Very Good Chance They’ll Be Left With Nothing
It's Friday desk clearing time for this blogger. "'What we did during the pandemic, that wasn't sustainable. That was an anomaly. That was not what's normal,' said Realtor Stephanie Grable. 'Right now the bidding wars don't exist.' The median home…
The Speed At Which This Has Happened Is Like An Icy Fear
A report from the Associated Press on Florida. "'Prices never go up forever,' said Ana Bozovic, analyst at Analytics Miami. 'The steady ramp up we have had through mid-2022 was neither normal nor sustainable.' Housing prices fell again last month…
The Hangover From Loose Monetary Policies
A weekend topic starting with Mises.org. "Paul Volcker (1927-2019) became Chairman of the Federal Reserve Board 43 years ago on August 6, 1979. The 20th-century Great Inflation, stoked by the Federal Reserve and the other central banks of the day,…
Prices Went Up Too Fast
A report from ABC News. "Wesley and Kimberly Robinson, both elementary school teachers, started building a new home for themselves and their two daughters in Rogers, Arkansas, last year, when interest rates were close to 3%. But their mortgage rate…
Most Buyers These Days Prefer To Wait For The Next One Rather Than Overpay
A report from the Center Square. "'I have to admit, even I am a little shocked at how fast the market decided to change,' said Patrick Muldoon, a realtor in Colorado Springs. 'It is like we had a really hot…
This Was A Great Business But We Would Like To Get Out
A report from Real Estate Weekly. "Ninety percent of workers from New York’s financial heart are still operating from home. Nearly half of Lower Manhattan’s population has left, and three hotels and over 160 retail business have closed for good,…
They’re Getting So Desperate, They’re Starting To Offer Huge Incentives To Entice Buyers To Make Offers
A report from CNBC. "'Everybody I know is leaving,' said Michael Kronenberg, who owns a downtown Manhattan apartment. 'It’s not just New Yorkers. My partners, long-time clients and investors of mine that live in Connecticut or New Jersey, they are…