Some Will Win, Some Will Lose
https://www.youtube.com/watch?v=S2XdJqk8phw https://www.youtube.com/watch?v=lkSFXDqSKUk https://www.youtube.com/watch?v=_cF_aP-XMRo https://www.youtube.com/watch?v=-SRuxUIuvr8 https://www.youtube.com/watch?v=XAbskUikhLs
Loans Become Bad From The Moment Of Creation
A report from Fox Business. "A year ago, business was booming for Touchstone Living Inc. The Nevada builder had a list of 639 qualified buyers who wanted homes in its development about 15 miles north of the Las Vegas Strip.…
The Fear Is Compounded By The Fact That There Isn’t An Easy Exit From Homeownership Right Now
A report from Buzz Feed. "'I almost feel like it’s a scam or a trick to get me more into debt. I worked so hard to get my credit up to even be able to apply for a mortgage,' Christen…
Selling Off UNFINISHED Properties
https://www.youtube.com/watch?v=msl6akte0Oo https://www.youtube.com/watch?v=YA_FYFZv0Ig https://www.youtube.com/watch?v=k_cfOc1Sc-0
There’s Losers Already Happening
A report from Market Place. "Kai Ryssdal checked in with Vivian Gueler, CFO at Pacific Trust Group, a mortgage lender in Los Angeles. You said then that business for you had 'come to a screeching halt.' And one can only…
Yes There’s Stress, Yes It’s Going To Get Worse, And Yes There’s Going To Be Failure
A weekend topic starting with the Dallas Morning News in Texas. "'A lot of builders are very worried right now,' said Phil Crone, executive director of the Dallas Builders Association. 'They pushed all their chips in to try to keep…
The Market Crash You’re Waiting For Is Already Here
https://www.youtube.com/watch?v=p8gXAexibYY https://www.youtube.com/watch?v=TclWHba9zZQ https://www.youtube.com/watch?v=Z9IAmkmL6sM https://www.youtube.com/watch?v=-szcZLri11c https://www.youtube.com/watch?v=jXUfVuXyUtk
The Window Is Long For Things To Go Wrong, And They Have Gone Wrong
A report from the Denver Post in Colorado. "Long lead times to complete new homes have combined with rapidly rising interest rates, now at 15-year highs, to put metro Denver homebuilders and their customers in a predicament unlike any seen…
The Speed At Which This Has Happened Is Like An Icy Fear
A report from the Associated Press on Florida. "'Prices never go up forever,' said Ana Bozovic, analyst at Analytics Miami. 'The steady ramp up we have had through mid-2022 was neither normal nor sustainable.' Housing prices fell again last month…
Not Only Are Bubbly Markets Shifting Fast, They Also Look Like Early-Inning Housing Busts
It's Friday desk clearing time for this blogger. "'We aren’t crashing; we’re leveling out,' said Becky Enrico-Crum, the president of Boise Regional Realtors. 'We’re just trying to find out what that level price is. That’s what everybody is trying to…