There Is A Bubble To Burst
A report from Fox 13 in Utah. "Matthew Clewett bought his first home in Kaysville back in 2021. Since May, the board says those prices have dropped 22 percent. 'It was an offer that I actually had to pay above…
You Are Effectively Trapped, And Your Bank Knows It
A report from Axios on Virginia. "Richmond home prices seem to be leveling off some after soaring for two years, per Redfin. The city of Richmond saw the biggest year-over-year drop in median sales price for single family homes in…
Accept Losses Instead Of Shouting For Help
It's Friday desk clearing time for this blogger. "The Greater Boston Association of Realtors released a report indicating that the number of active listings was up across the board in the region last month. 'Buyers were hard to find over…
It’s Robbing Ah Seng To Pay Ah Huat
A report from Mansion Global. "What goes up, must come down. That’s apparently the motto of the current U.S. housing market, which, after a wildly prosperous peak-pandemic run, is now seeing values plummet. Homeowners across the country have collectively lost…
If I’m Losing Money, What Am I Gaining By Losing?
A report from the South Haven Tribune. "People in the South Haven area who want to earn extra income by renting their homes to vacationers may want to reconsider their options. According to a study, the short-term rental market in…
We Hear The Words But No Longer Hear The Music
A report from KXTV in California. "'These homes we're in now... when they went up originally in 2018 just before the pandemic, they were running anywhere from high $300,000 to low $400,000,' realtor Dana Harward explained as she drove around…
People Weren’t Making Great Decisions
A weekend topic starting with Fortune. "A new era of higher borrowing costs and more cautious lenders—coupled with slowing growth and recession fears—has frozen once-red hot segments of the U.S. economy. Logan Allin, founder of Fin Capital, a fintech-focused VC…
The Housing Market Is Unraveling As Prices Come Down From Their Peak
A report from the San Francisco Chronicle in California. "Ben Jiang retrieved a key from a lockbox and worked to untangle a mass of chains securing the front gate of his house. Inside, raunchy graffiti covered several walls and doors,…
Staying With Your Cheapest, Most Uptight Friend – And Paying Them For The Privilege
A report from Seven Days in Vermont. "When Moriah Stokes and Vincent Connolly purchased a second home in Morrisville in 2017, they already had plans to list it on Airbnb. The couple were living in Colorado at the time, and…
The Over-Excited, Headless-Chicken Covid Market Has Disappeared
A report from Go Banking Rates. "In 2021, inflation pushed the housing market to record highs — but it wasn’t a bubble. 'It’s not like 2008, because the growth we have seen in the past few years wasn’t based on…