The Market Popped!
https://www.youtube.com/watch?v=W09sbqeAcSQ https://www.youtube.com/watch?v=UNizmeNLGXY https://www.youtube.com/watch?v=V28ys2PoIOE https://www.youtube.com/watch?v=e5C_B2SRrBA https://www.youtube.com/watch?v=CI7rHPkyr08
It Is As If Increase Of Appetite Had Grown By What It Fed On
A weekend topic starting with Yahoo Finance. "I was talking to a high-profile Wall Street strategist the other day who told me she and her husband were house-hunting in the Hamptons. They saw a place they liked, but the asking…
The Fall Is Happening
https://www.youtube.com/watch?v=SNlFwrcRpR4 https://www.youtube.com/watch?v=-14xsh4RUA8 https://www.youtube.com/watch?v=5dPbpo7mQMI https://www.youtube.com/watch?v=SDv3TpZ_0Rw
A Frank Message For Sellers Who Wonder If They Missed The Peak: Yes You Did
A report from Market Watch. "Frederick Warburg Peters, the president of Coldwell Banker Warburg, sounded a grimmer outlook for the Manhattan real-estate market in his own second-quarter market report. 'Throughout the second quarter, that slowdown has accelerated: fewer signed contracts,…
We’re Giving Away Our House At This Price
A report from the Everette Daily Herald in Washington. "Active listings in Snohomish County more than doubled in May to 1,182, up from 500 a year ago. Sam Mansour, a broker with John L. Scott Lynnwood, said more sellers put…
Even The Denialists Have Finally Come Around
A report from Money Wise. "Austin real estate agent Lilly Rockwell says the market has already started favoring buyers and that she just helped a client negotiate a purchase for under list price. 'It's fabulous. Finally. Tons of choices, very…
For Several Decades, We Have Traded Houses Among Ourselves At Ever-Increasing Prices In The Belief That We Were Creating Prosperity
It's Friday desk clearing time for this blogger. "The fact some major forecasters now foresee sustained price declines — something that hasn't happened in more than a decade — underscores just how quickly the housing market is changing. 'It's noteworthy,'…
Those Who Overstretched To Go All-In Could Soon Be Feeling Burned
A report from Fortune. "The regional housing markets seeing the most price cuts are in the very places that soared the most during the pandemic. As that pandemic housing boom fizzled out last month, things shifted quickly in Provo. In…
Agents Often Credit Motivated Vendors As The Reason For The Price Drop
A report from BoiseDev in Idaho. "April Florczyk, the founder of 208 Market Real Estate, told BoiseDev that dynamics are shifting – especially in Ada County. 'The average active price is almost $150,000 higher than the sold price,' she said.…
It Took A Few Months For Sellers To Realize The Demand They Counted On Was Not There Anymore
A report from the Seattle Times in Washington. "In King County, 73% more homes were listed at the end of May than at the same time last year. In Pierce County 74% more and in Kitsap 43%. In Snohomish, more…