Could This Burst The Housing Bubble?
https://www.youtube.com/watch?v=56IwOxPubGE https://www.youtube.com/watch?v=2jEYldJsd2U https://www.youtube.com/watch?v=iiizfcYeheE
Staying With Your Cheapest, Most Uptight Friend – And Paying Them For The Privilege
A report from Seven Days in Vermont. "When Moriah Stokes and Vincent Connolly purchased a second home in Morrisville in 2017, they already had plans to list it on Airbnb. The couple were living in Colorado at the time, and…
Panic Has Set In, And The Band’s Striking Up Nearer My God to Thee
A report from NPR. "The housing market has already slowed to a crawl, as mortgage rates top 7% for the first time in two decades. Kansas City homebuilder Shawn Woods said his company has gone from selling a dozen houses…
The Housing Market Hit Kind Of A Brick Wall
A report from Business Den. "The two-bedroom, one-bathroom home at 3612 Newton St. is a classic Colorado bungalow. But it was something of a nightmare for Opendoor, the data-driven home flipper. The San Francisco-based 'iBuyer' paid $779,000 for the Newton…
It’s Evident That Sellers Are Trying To Catch The Tail End Of The Frenzy … But They Just Missed It
A report from the News and Observer in North Carolina. "In a more buyer-friendly market, said Yoana Nin, a local real estate agent whose firm serves the Triangle region. Homesellers must now 'put in more effort' and be willing to…
It Becomes A Bit Like A Ponzi Scheme
It's Friday desk clearing time for this blogger. "Kansas City area Realtors are looking ahead to the next few months in the housing market. 'Six months ago, you can go to a seller, you can say, ‘Hey, throw me out…
The Deja Vu Is Redolent
A weekend topic starting with Reuters. "Lampooned by fiscal hawks as belief in a 'magic money tree', ever higher public borrowing and spending had seemed manageable and sensible for many years - hinged as they were on persistently low inflation…
The Math Favored Handing The Keys Back To The Lender
A report from Deseret News. "The Federal Reserve is expected to raise interest rates this week — likely by 0.25% — for the first time in three years. As a result, mortgage rates will rise, too. 'It’s bad,' said Dejan…
There Will Still Be Somebody Getting Screwed By Somebody Somewhere
A report from the Bulletin in Connecticut. "Andrea Kazantzis, owner of Kazantzis Real Estate of Brooklyn, said there are still plenty of out-of-state buyers coming from New York, Massachusetts, and elsewhere to purchase homes for themselves or as investments. Kazantzis…
There’s A Lot Of, Hey, Homes Only Go Up In Value
A report from the Wichita Eagle in Kansas. "A new study identifies Wichita as one of the most rapidly cooling housing markets in the country. The median listing price for a Wichita home actually fell by 7.28% from summer 2020…