Dare One Wish For Housing Price Cuts?
A holiday topic starting with News Corp Australia. "The Block stars Leah and Ash are not going to get a house sale for Christmas, and an update to the home’s listing will come as quite an kick in the teeth.…
We Couldn’t Sell Off Properties To Reduce Debt Quickly Enough
A report from the Post Dispatch in Missouri. "A surge in home values across St. Louis County this year has sent tax bills soaring, and nowhere more than among small homes in lower-income neighborhoods. From aging brick homes in Wellston…
It’s Definitely A Deer In A Headlight Kind Of Look
A report from the Naples Daily News in Florida. "'October had the highest number of new listings added to the market compared to any October since the pandemic' in the Naples area, Vanderbilt Realty broker Dominic Pallini said, noting this…
Buyers Are No Longer Willing To Pay Those High Prices And Offers Are Coming In Below The Asking Prices
A report from the Sacramento Bee in California. "A bubble in need of bursting. An overheated environment that had to be cooled. A correction for a real estate market out of balance. Federal Reserve Chairman Jerome Powell has been upfront…
Most Buyers Are Still Trying To Bargain Prices Down While Some Owners Have Realised They Were Over-Optimistic And Are Willing To Cut Prices
A report from KELO. "Building permits issued in South Dakota in the second quarter of 2023 were down 37% from the previous year, said Aaron Scholl, assistant professor of economics at Northern State University in Aberdeen. That’s more than twice…
Banks Are Now Open To Price Cuts Knowing That The Inventory Of Foreclosed Homes Will Only Increase
It's Friday desk clearing time for this blogger. "Sellers dropped prices on more than a quarter of homes listed for sale in the Seattle area in September, slightly higher than the national average, according to Zillow. To entice buyers, Town…
I Was Sold A Dream But I Actually Bought A Nightmare
It's Friday desk clearing time for this blogger. "Austin, Phoenix and San Jose have seen home prices fall since the beginning of the year, but those markets were already among the most expensive in the nation. But now price declines…
It’s Basically Ruined Us Financially
A report from Fortune. "The average San Francisco home value is down 11.5% over the past year, and 13.2% from its peak, according to Zillow. For homeowners looking to sell, that spells trouble. San Francisco home sellers are four times…
The Seams Were Starting To Crack For Some And The Realism Of What Was Going On Started To Kick In
A report from The Hill. "SmartAsset analyzed the 100 largest metro areas in the U.S. In Boise, nearly twice as many homes are being listed than sold, and the median number of days a house sits on the market is…
Their Household’s Largest Single Investment Is, In Many Cases, No Longer Worth What They Thought It Would Be
It's Friday desk clearing time for this blogger. "The value of real estate in the heavily damaged coastal areas have fallen dramatically, with total assessed value 40% in Fort Myers Beach and nearly 32 % lower on Sanibel. Home listings…