BIG Price Declines
https://www.youtube.com/watch?v=1zpFwEJrEG0 https://www.youtube.com/watch?v=OyiXqXN-5Ug https://www.youtube.com/watch?v=Lsu4ynS9OD4
A Classic Case Of What Goes Up, Can Come Down
A report from NBC Bay Area in California. "Median home prices in San Francisco have fallen by more than $300,000 in three months, Compass reports. Experts said it is tough to buy a home now as prices are likely to…
How Are We Going To Get Out Of This Thing, I Might Have To End Up With Nothing
A report from Business Insider. "'To be expected, with rates rising as quickly as they have, we were going to see a slowdown in prices, but certainly we are now seeing the market slam on the brakes very quickly here…
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…