It Just…Stopped!
https://www.youtube.com/watch?v=2UGymKDG1xk https://www.youtube.com/watch?v=cAl5786Z6Bo https://www.youtube.com/watch?v=-Bq565Y7vSs
There’s Going To Be Some Form Of Payback For All The Cheap Money
A weekend topic starting withe the Washington Post. "When the Federal Reserve raised interest rates yet again this week, the central bank’s case for how it would tackle inflation without causing a recession boiled down to: It’s unclear. What are…
Investor Mania Has Been Replaced By Investor Panic
A report from CNBC. "'It is definitely a hard landing for housing,' said one homebuilder in the Denver area. 'There's this cliff that's happening in January,' said Gene Myers, CEO of Thrive Homebuilders in the Denver area. He predicted that…
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…
A Governmental Fiefdom Of Alleged Philosopher-Kings Sowed The Wind And Are Now Reaping The Whirlwind
A weekend topic starting with the Colorado Sun. "Back in 2015, the median sales price for a house in Colorado was $285,000, according to the Colorado Association of Realtors. Between January and September, the median price averaged $575,000. 'As you…
Undergoing A Long-Awaited Transition After An Era Of Over Exuberance
A report from Bankrate. "'California will be a prime target for price declines,' says Lawrence Yun, chief economist at the National Association of Realtors. 'It’s almost assured that expensive areas will go through some price adjustment.' The retreat in home…
Delusional Sellers
https://www.youtube.com/watch?v=-AZxBMgZJeA https://www.youtube.com/watch?v=JarTWcAvAoc https://www.youtube.com/watch?v=8rDXuwTaOZY
Folks Who Bought At The Top Now Find Themselves Trapped
A report from Bloomberg. "After an abrupt end to the US housing boom, home flippers who were winning big just months ago are now racing to stem losses. It’s a swift turnabout for flippers such as Tammi Merrell, who’s stuck…
We Are Fighting For Fewer Customers, Everyone Is Competing To Be Cheaper
A report from the New York Post. "The median home listing price has plunged by more than 10% in Austin, Texas, since June, according to Realtor.com. That marked the steepest decline of any city in the US over that period.…
The Window Is Long For Things To Go Wrong, And They Have Gone Wrong
A report from the Denver Post in Colorado. "Long lead times to complete new homes have combined with rapidly rising interest rates, now at 15-year highs, to put metro Denver homebuilders and their customers in a predicament unlike any seen…