Almost 40% Of The Pandemic Pricing Boom Is Already Gone
https://www.youtube.com/watch?v=yXE1IYNfRyc https://www.youtube.com/watch?v=AD2PnEWq4GI
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…
If I Wait Six Months, Will The Price Be Lower?
A report from Realtor.com. "The real estate game is at a stalemate that shows no signs of budging anytime soon, with neither buyers nor sellers willing to make the first move. Buyers have little incentive to lead the way. Meanwhile,…
The Soft Landing Island Is Looking Really Crowded
A report from DS News. "As the housing market took its twists and turns to close our 2022, Fannie Mae felt the impact of a market in flux. Fannie Mae’s net income decreased $9.3 billion in 2022, compared with 2021,…
Demand Has Significantly Slowed Down, And Homes Are Getting Zero Or One Offer
A report from the Keene Sentinel in New Hampshire. "What broker A. Ranger Curran and others agree on is that the pandemic-fueled frenzy — where there were five to 10 offers in a week and buyers were willing to pay…
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…
New Homeowners, Having Achieved Their Dream, Are Plagued By Shame And Fear Because They Bought Around The Market Peak
A report from Axios on Arizona. "A New York Post article reporting that Goldman Sachs has forecast a 2008-level housing crash in Phoenix sent ripples through the Valley's real estate industry last week.The median Phoenix home sale price, which was…
Not Quite A Record Level Of Decline, But It’s Probably A Matter Of Time
A report from Wicked Local. "The Massachusetts residential real estate market is correcting for past excesses. 'The Massachusetts single family market finally hit the wall we’ve all been anticipating,' said Tim Warren, CEO of The Warren Group. 'For the last…
If You’re A Seller, You Have To Wrap Your Mind Around The Idea You’re Not Going To Get The Price That You Thought It Was Worth
A report from the Arizona Republic. "As interest rates have risen nationally, housing sales prices have fallen about 13% in the Phoenix metro since the peak in May 2022, said Danny Court, partner and senior economist with Elliott D. Pollack…
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,…