$100k Price Reductions & Lagging Indicators
https://www.youtube.com/watch?v=NvUEq-AVrVQ https://www.youtube.com/watch?v=ymVh0IC72SE https://www.youtube.com/watch?v=iHJ4fYEAnWY
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…
Buyers Are Increasingly Feeling Less Rushed And Are Holding Off For Cheaper Price Tags
A report from Floor Daily. "'There are a lot of unhappy people in the housing market right now. Among the most miserable are sellers realizing they have listed their properties too late,' reports the Wall Street Journal. Homes that have…
What Was Once A River Of Cash Has Turned Into A Trickle
It's Friday desk clearing time for this blogger. "A unit at new-development condo Central Park Tower, the tallest skyscraper on New York’s Billionaires’ Row, has sold for $43 million, a discount of 32.5% off its original asking price. 'They laughed…
How Are We Going To Get Out Of This Thing, I Might Have To End Up With Nothing
A report from Business Insider. "'To be expected, with rates rising as quickly as they have, we were going to see a slowdown in prices, but certainly we are now seeing the market slam on the brakes very quickly here…
For Sellers Looking To Sell At The Top Of The Market The Reality Is It’s Already Too Late
A report from KING TV in Washington. "'Literally houses are staying on market a lot longer. House prices are dropping anywhere from $50,000-100,000. I've seen houses drop $300,000,' said real estate broker Ali Samael. Housing prices coming down are a…
Without Expectations Of Price Gains, Investors Are Gone
A report from the Post Star in New York. "'I showed a house the minute it came on the market, and I wrote an offer on the hood of the car, that’s how quick,' said agent Barbara Kenison with Coldwell…
Cancelled Listings SPIKE!
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All Along It Was Out-Of-Control Speculative Demand That Was The Real Issue
A report from West Hawaii Today. "'For every percentage point interest rates go up, we lose 10-15% of our buyers,' said Gretchen Osgood, principal broker at Hawaiian Isle Real Estate in Kailua-Kona. With the market cooling, Osgood predicted that sellers…
Inventory Up 193%!
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