Where Did The Buyers Go?
https://www.youtube.com/watch?v=OFWp8bJP3-s https://www.youtube.com/watch?v=4FVsg9XlRns https://www.youtube.com/watch?v=rBiiO4EmRzE https://www.youtube.com/watch?v=6u0v5d2s1To
A Wintry Summer Is Brewing While Sellers Clamber For Yesterday’s Prices
A report from the San Francisco Chronicle in California. "Redfin agent Andrea Chopp said while so many buyers have been priced out of the market, she thinks it’s actually a great time to buy — if you can afford it.…
When Interest Rates Were Down, People Could Borrow More Than They Expected, Now The Reverse Is Happening
It's Friday desk clearing time for this blogger. "On Thursday, Freddie Mac deputy chief economist Len Kiefer tweeted about what this downward shift means: 'The U.S. housing market is at the beginning stages of the most significant contraction in activity…
For A Lot Of Buyers, That’s Where The Rubber Meets The Road
A report from the Aiken Standard in South Carolina. "We're seeing a lot of people that when we come down and say, 'here's your monthly payment,' (they say), 'well, that's just too much,' said Matthew Hunter, branch manager at Assurance…
The Mania Is Now In The Rear View Mirror
A report from the Record Eagle in Michigan. "Andrew Dodson and his wife were able to secure a home near downtown Traverse City before the housing bubble expanded after the new year. Still, Andrew said their new home cost about…
It’s The Same Shit Now
A report from the News Daily in Georgia. "Several weeks back, I asked in this space, 'What is the plan?' An extended eviction and foreclosure moratorium, put in place by the CDC during this lengthy pandemic will expire on July…
What’s Changed Is Supply
It's Friday desk clearing time for this blogger. "Realtors Jera Banks and Adam Bailey said virtually every part of the Phoenix area is seeing the high demand. This demand is something we have never seen before, according to experts. But…
Is This The Last Hurrah For A Market That Has Been Having A Spectacular Run?
A report from Arlington Now in Virginia. "As we’re sure you’ve picked up on in recent times, inventory has been tight and houses are not lasting long out there. However, looking at this week’s Just Reduced figures, we’ve eclipsed the…
Howls Of Protest From These Parasites Deserve Little Sympathy
A weekend topic starting with News 10 in Oregon. "J.J. Kramer a realtor with John L Scott, said he does not believe that price increases and bidding are perpetuated by realtors. 'The market speaks, it doesn't really have anything to…
At Times It Felt Like The Boom Would Never End
A report from Global News on Canada. "An over-abundance of houses for sale in the Edmonton area could mean slower sales and lower prices until well into next year, an economist tells Global News. Prices have dropped, too, with single-family…