I Got More Money In My Right Pocket Than Your Net Worth
https://www.youtube.com/watch?v=roMakYgjM0Q https://www.youtube.com/watch?v=PmcT22TqYgQ https://www.youtube.com/watch?v=rwpiiwP7Lzs
We Laugh At The Sellers On The Phone About It
A weekend topic starting with Business Insider. "'This is a welcomed refresher to catch up on things and regroup, but there is a fearful tinge to the air as the market is shifting,' realtor Abbey Pontius said to the Colorado…
I Don’t Think It’s Set In Enough To People That The Party’s Over For Super-High Prices
It's Friday desk clearing time for this blogger. "In Orlando, 29% of homes on the market reduced their prices in October, up from 16% the same time a year ago. Real estate agent Kimberly Ann Zeidner says Zeidner says she’s…
The Reality Of Living Through It Is Something Sellers Are Not Prepared For
A report from Geek Wire. "'We’ve tied up hundreds of millions of dollars in houses that you yourself wouldn’t want to own right now,' Redfin CEO Glenn Kelman wrote. 'Even before its overhead expenses, the RedfinNow properties segment will likely…
Properties With Blemishes Need To Be Discounted Below The Discount For Good Properties
A report from DS News. "'Homebuilders started scores of projects during the pandemic moving frenzy and are now stuck with a bunch of new houses that are hard to sell because mortgage rates have risen to 7%,' said Faith Floyd,…
The False Sense That Real Estate Is A Readily Liquid Asset
It's Friday desk clearing time for this blogger. "Whenever the housing market slows significantly, layoffs in the mortgage industry follow. And that’s what happened Tuesday at Radian Group Inc., a Wayne firm that sells mortgage insurance and provides other services…
I Don’t Think It’s A Good Idea To Buy When The Knife Is Falling
A report from Time Magazine. "Jim Ewing is an Airbnb host whose social media post about his property’s occupancy rates sparked the original viral tweet about an Airbnb bust. He’d posted to an 'Airbnb Superhosts' Facebook group about his struggles.…
Falling Property Values Could Trigger A Domino Effect
A report from Click Orlando in Florida. "A market once saturated by bidding wars is now seeing fewer buyers closing deals. In Orlando, home sales dropped 18.3%, with the Orlando Regional Realtor Association reporting 2,717 homes had been sold in…
The Fear Is Compounded By The Fact That There Isn’t An Easy Exit From Homeownership Right Now
A report from Buzz Feed. "'I almost feel like it’s a scam or a trick to get me more into debt. I worked so hard to get my credit up to even be able to apply for a mortgage,' Christen…
Values Are Coming Down Because They Have To
It' Friday desk clearing time for this blogger. "Housing inventory in the Austin area has reached the highest level since September 2018. Spyglass Realty CEO Ryan Rodenbeck said the market has changed so much in the last couple of months…