Selling Off UNFINISHED Properties
https://www.youtube.com/watch?v=msl6akte0Oo https://www.youtube.com/watch?v=YA_FYFZv0Ig https://www.youtube.com/watch?v=k_cfOc1Sc-0
There’s Losers Already Happening
A report from Market Place. "Kai Ryssdal checked in with Vivian Gueler, CFO at Pacific Trust Group, a mortgage lender in Los Angeles. You said then that business for you had 'come to a screeching halt.' And one can only…
Yes There’s Stress, Yes It’s Going To Get Worse, And Yes There’s Going To Be Failure
A weekend topic starting with the Dallas Morning News in Texas. "'A lot of builders are very worried right now,' said Phil Crone, executive director of the Dallas Builders Association. 'They pushed all their chips in to try to keep…
The Market Crash You’re Waiting For Is Already Here
https://www.youtube.com/watch?v=p8gXAexibYY https://www.youtube.com/watch?v=TclWHba9zZQ https://www.youtube.com/watch?v=Z9IAmkmL6sM https://www.youtube.com/watch?v=-szcZLri11c https://www.youtube.com/watch?v=jXUfVuXyUtk
The Window Is Long For Things To Go Wrong, And They Have Gone Wrong
A report from the Denver Post in Colorado. "Long lead times to complete new homes have combined with rapidly rising interest rates, now at 15-year highs, to put metro Denver homebuilders and their customers in a predicament unlike any seen…
The Speed At Which This Has Happened Is Like An Icy Fear
A report from the Associated Press on Florida. "'Prices never go up forever,' said Ana Bozovic, analyst at Analytics Miami. 'The steady ramp up we have had through mid-2022 was neither normal nor sustainable.' Housing prices fell again last month…
Not Only Are Bubbly Markets Shifting Fast, They Also Look Like Early-Inning Housing Busts
It's Friday desk clearing time for this blogger. "'We aren’t crashing; we’re leveling out,' said Becky Enrico-Crum, the president of Boise Regional Realtors. 'We’re just trying to find out what that level price is. That’s what everybody is trying to…
People Who Vastly Overpaid Could Have A Slight Loss In Equity
A report from Market Watch. "Lumber prices have dropped by more than 60% so far this year, but don’t count on a recovery soon. 'Home builders have faced an enormous uptick in cancellations over the past several months due to…
Offers Being Made Now Feel Much More Grounded In Reality
A report from Market Watch. "The tide has turned, and buyers are now backing out of deals in the Sun Belt. Once pandemic boomtowns, 15.2% of homes in cities in the Sun Belt that went under contract in August fell…
The Market Has Quickly Reversed From Excess Demand And A Shortage Of Inventory To ‘We Have Inventory, But Demand Is Gone’
A report from Community Impact in Texas. "Median home prices in Northwest Austin are down $67,000 from July to August, according to the Austin Board of Realtors monthly report released on Sept. 15. August median home prices stood at $577,000,…