Death By 1,000 Slashes
A report from Deseret News on Idaho. "'The sky is not falling,' said TJ Pierce, a real estate agent in Boise. 'Everybody knew it wasn’t going to last. It’s just a matter of how long.' Hop over to a more…
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…
Hey, This Party Feels Like It’s Going To Keep Going, And There Is No Reason For It To Stop, And Then The Music Stopped
A report from KIRO in Washington. "Inventory is up, prices are down but buyers are backing out of the Seattle housing market. The Emerald City just scored the top spot on Redfin’s list of fast-cooling real estate markets in the…
People Who Vastly Overpaid Could Have A Slight Loss In Equity
A report from Market Watch. "Lumber prices have dropped by more than 60% so far this year, but don’t count on a recovery soon. 'Home builders have faced an enormous uptick in cancellations over the past several months due to…
Offers Being Made Now Feel Much More Grounded In Reality
A report from Market Watch. "The tide has turned, and buyers are now backing out of deals in the Sun Belt. Once pandemic boomtowns, 15.2% of homes in cities in the Sun Belt that went under contract in August fell…
The Economy Is Now Like A Car That Has Lost Its Brakes
A report from CBS 8 in California. "'Sellers are getting a little spooked. They’d like to take their money off the table, take the risk off the table and as a buyer, if you can position yourself correctly you can…
The Post-Covid Bubble Is Unraveling
It's Friday desk clearing time for this blogger. "As of Sept. 9, there were 2,699 single-family homes listed for sale with the Multiple Listing Service of Colorado Springs, broker Harry Salzman said. 'That’s five times where we were six months…
Housing Inventory Levels Are Alarmingly High And Sales Are Cratering
A report from Deseret News. "'We’ve definitely slowed. Our prices are starting to come down because the interest rates are so volatile,' said Dejan Eskic, a senior research fellow at the University of Utah. After listening to the latest Fed…
Months Of Price Gains Erased
https://www.youtube.com/watch?v=_T--NNwgB3U https://www.youtube.com/watch?v=l7KAEU7t27w https://www.youtube.com/watch?v=q3dNsAkXnBo https://www.youtube.com/watch?v=5CgTdQzPXps
Folks Are Nervous And They’re Taking A Pause In Spite Of Having So Much Inventory In The Market
A report from Market Watch. "Rick Palacios Jr., research director at John Burns Real Estate Consulting, said that he’s seeing a surge in sellers shifting from sales to rentals in California. 'Home prices have been falling for several months now…