Everything Is Falling
A report from KRDO in Colorado. "According to a broker associate at Re/Max of Pueblo Inc., Mike Pospahala, two years ago there was a lot of competition to buy a home. He said a lot of homes were sold above…
A Major Change Of Fortune After An End To The Era Of Cheap Money That Fed A Decade-Long Property Boom
It's Friday desk clearing time for this blogger. "The Austin housing market is starting to look a lot more like 2019. For the past three years, multiple offers, bidding wars and all-cash deals became the norm in Central Texas. Now,…
The Question That Everybody Wants An Answer To
A report from NBC Miami in Florida. "Two dozen properties in Coconut Grove are ensnarled in a legal dispute involving lenders, investors, a developer and dozens of people who put deposits down on the home of their dreams – only…
Many Markets Have Become Somewhat Overbuilt And There Is Additional Inventory Being Completed
A report from 425 Business in Washington. "SmartAsset found that the Seattle area hosts three of the top 25 spots in the lineup for the nation’s most expensive housing markets. Among the priciest is the Eastside’s Sammamish area. At the…
Henry Ford Came Out With The Car And We Had A Lot Of Horse And Buggy Loans Due
A report from Community Impact in Texas. "'I’ve been doing this for 23 years, and this year was the largest decrease in residential value we’ve ever seen,' said Williamson County Chief Appraiser Alvin Lankford. Since mid-2022, median market prices, or…
Many Vendors Still Believe It’s 2018, Whilst Buyers Think It’s 2008
A report from the Naples Daily News. "For the first time this decade, yearly median sold prices for all three of Southwest Florida's bigger real estate groups sunk in the same month in the latest data. 'Now cannot be compared…
This Was My Entire Plan, And I’ve Just Kind Of Watched It Go Up In Smoke
A report from Bloomberg. "Worsening conditions in the U.S. mortgage-backed securities market are doing little to ease fears over financial contagion. Demand for home purchases and refinancing continued to take a hit last month, as U.S. mortgage rates increased to their…
If You Had Purchased A Year Ago With Ideas To Sell Today, You Could Sell For A Loss
A report from the Seattle Times. "The cooling housing market is stripping more equity from homeowners in Washington than in any other state in the country. On average over the last year, Washington homeowners lost about $74,300 in equity, a…
No One Wants To Be A Loser And Say, Oh Yeah, I Overpaid
A report from the Dallas Business Journal in Texas. "Homes in Dallas-Fort Worth are selling far more slowly and for lower prices than they were a year ago, according to Re/Max. The median home sale prices in DFW was down…
Sometimes I Wonder If The Juice Is Worth The Squeeze
A report from Yahoo Finance. "Rental landlords may have to brace for impact. 'We're going to deliver more supply than what we can realistically absorb,' Carl Whitaker, director of research at RealPage told Yahoo Finance. The pressure will come during…