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.…
The Property Slump Sweeping The Globe
It's Friday desk clearing time for this blogger. "The tough housing market has been especially hard for condo owners. Rufina Cappelli has lived in her St. Petersburg condo for 28 yards, but this month, she’s grappling with a new reality…
If You’re An Investor Holding Multiple Properties, You Can Only Sit There So Long And Wait
A report from the Philadelphia Inquirer in Pennsylvania. "Student loan payments resume this month, and millions of borrowers across the region are rearranging their budgets. Kenneth Blair Jr. is increasingly anxious as his payment due date approaches. 'My payments are…
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…
Some Housing Investors To Offload Condos Because Of The Financial Strain
A report from the Real Deal. "For just under $22 million, a pocket-minded buyer in New York can get a free beach club membership, a boat and a Tesla. They’ll just need to buy a $2.8 million Red Hook townhouse…
Where It Can Go Horribly Wrong
A report from New Hampshire Public Radio. "In New Hampshire, the rate of foreclosure filings on properties has risen 149.72 percent from mid-year 2021 to mid-year 2023, according to ATTOM. Most of that increase has happened in the last year.…
Buyers Who Purchased At The Height Of The Market Are Now Facing Inevitable Market Realities
It's Friday desk clearing time for this blogger. "Home prices in many parts of the Treasure Valley have cooled down in recent months. The median sales price for June 2023 was $545,000 in Ada County, according to data from Intermountain…
Panicking Borrowers Screaming For Help
A report from the Dallas Morning News in Texas. "The median Plano home sale price dropped from $540,000 in March 2022 to $500,000 in March 2023, a 7% decrease in line with neighboring Collin County cities. Median home prices for…
Homeowners Trapped In Unsellable Properties, Forced To Accept Horribly Reduced Price
A report from the Real Deal on Texas. "The median sales price in the area was $466,705 last month, down 15 percent from $550,000 in April 2022, the Austin Business Journal reported, citing data from the Austin Board of Realtors.…
A Realization Amongst Sellers That There Isn’t Much Point In Waiting For The Market To Catch Up With Their Price Expectations
A report from the Orange County Register. "Home values have declined from pandemic-era peaks in more than half the states and metropolitan areas, according to some new price data. The sharpest declines in metros were largely in California, Idaho and…