Home Builders Not Building? Holy Shift?!
https://www.youtube.com/watch?v=FscRlX06FY4 https://www.youtube.com/watch?v=j4GaoUinRuk
No Protection From The Bloodbath
It's Friday desk clearing time for this blogger. "The Federal Reserve looks on course to lose money next year as it raises short-term interest rates to try to rein in inflation, according to former New York Fed President William Dudley.…
Sellers Are Having To Appreciate That The Joyride Is Over
A report from the Seattle Business Journal in Washington. "The median sale price of single-family homes in Seattle fell nearly 12% from April to May, according to the Northwest Multiple Listing Service (NWMLS). Meanwhile, the number of in-city pending sales…
A More Striking Reversal Than We Experienced In 2005
A report from the Coeur d’Alene Press in Idaho. "Rocket Homes reported that the median home price in May in Kootenai County was $521,000, down 30.8% from a month ago. The asking price for one Dalton Gardens, five-bedroom, 2,500-square-foot home…
There Isn’t One Mathematically Correct Answer To ‘What Is Value’
A weekend topic starting with Tech Crunch. "You could hardly blame people looking to sell their startup shares, or those looking to buy them, for feeling unsure about where to meet on price, and that's exactly what's happening right now,…
There Is Panic In The Market
It's Friday desk clearing time for this blogger. "More and more homes in Citrus Heights and the Sacramento region are seeing reductions in prices from original list price. Appraiser Ryan Lundquist says it’s a different market today than just a…
Buyer’s Remorse Kicked In The Minute The Papers Were Signed
A report from WHIO TV in Ohio. "The housing market has seen a significant surge during the pandemic, but now it’s beginning to slow down. Rhonda Chambal, President of Irongate Realtors, said, 'I actually have a brother-in-law who is an…
The Safety Valve Of Being Able To Sell In A Rising Market Is No Longer There
A report from the San Diego Reader in California. "Like a flock of birds changing flight abruptly and in unison, so could go the real estate market. One Sunday, a few months ago, I held an open house for one…
The Once Ubiquitous Sold Over Asking Is Giving Way To Bought Under Asking
A report from Yahoo Finance. "The buying frenzy of vacation homes witnessed during the pandemic is largely over, as intensifying home prices rapidly cool demand. Demand for vacation homes tumbled for the second month in a row in March. 'The…