The Grinch That Stole Christmas
https://www.youtube.com/watch?v=CvpwDVzUijk https://www.youtube.com/watch?v=9UKPSBRVWpc
Historical Precedent Suggests The ‘Last Batch’ Of Buyers Often Become Resentful
A report from NPR. "'People are stuck,' says Lawrence Yun, chief economist with the National Association of Realtors. Yun and others describe the market as frozen, one in which home sales activity has declined for 10 months straight, according to…
The Number Of Chickens You Have To Forgo To Buy A House Is Unlikely To Keep Plummeting Forever!
A weekend topic starting with The Atlantic. "Timing isn’t the only external factor determining whether homeownership 'works' for Americans. Paying off a mortgage is a form of 'forced savings,' in which people save by paying for shelter rather than consciously…
Homebuyers Struggle To Close
https://www.youtube.com/watch?v=486khoh53dU https://www.youtube.com/watch?v=nS4CcrBFYok https://www.youtube.com/watch?v=zXJaZkgt6F8 https://www.youtube.com/watch?v=SXK-IOTYgG4 https://www.youtube.com/watch?v=B0Kt5uISNHo
When People Were Looking To Sell At The Peak, The Decision Got Put Off, Now They’re Stuck In A Different Market
A report from The Chronicle in Washington. "From October to November, home prices fell 10.54% in Lewis County, dropping from $427,000 in October to $382,000 in November, compared to a monthly decrease of 3.63% in Pacific County, 5.62% in Cowlitz…
Did the Fed Create The Housing Bubble?
https://www.youtube.com/watch?v=ix3skM14s90 https://www.youtube.com/watch?v=-0a32bVGbZI https://www.youtube.com/watch?v=ehhjZG2WY-E
Everybody Saw This Coming Yet Nobody Saw This Coming
A report from the New Hampshire Business Review. "Sales have been down all year to some extent, but mainly due to shrinking inventory. In the last few months, something else is going on. 'Certainly, interest rates slowed things down,' said…
For Some, The Consequences Of Participating In That Bubble-Producing Market Frenzy Will Be Catastrophic
A report from the Los Angeles Times. "For the first time in a decade, Southern California homeowners, and those across the country, are seeing their equity fall en-masse. Justin Bragg and his wife stretched to buy a home in Boyle…
Are We Going To See Fire Sales?
https://www.youtube.com/watch?v=mLCQyoQZbhw https://www.youtube.com/watch?v=hgk8vLdTmys https://www.youtube.com/watch?v=1bB9bco8ZAc https://www.youtube.com/watch?v=2FCkByxbWAY
What Worked In The Past Won’t Work Now
It's Friday desk clearing time for this blogger. "'I’ve felt a massive drop,' says Sabrina Must, who in the height of the pandemic could command more than $1,000 per night on a holiday weekend in Encinitas, California but now has…