Now Anger Meets Fear
A report from the News & Observer. "Summer has warmed up in South Carolina, but the same can’t be said for its housing market. To some realtors, the higher interest rates and the higher sales prices themselves have begun to…
Home-Buyers Have Become Hard To Find
A report from the Mortgage Research Center. "The share of U.S. properties for sale that received competitive offers from buyers in April dropped to the lowest level in more than a year, according to Redfin. 'Higher rates are also limiting…
Once The Hype Was Exposed, The Selloff Was Unforgiving
A weekend topic starting with the Marina Times in California. "San Francisco’s real estate market may be cooling off a bit. 'Some tech folks have lost up to a third of their stock portfolio’s value this year. Along with other…
It’s A Very Different Conversation In February Than It Will Be In June Because The Market Has Completely Changed
It's Friday desk clearing time for this blogger. "Nearly one in five sellers dropped prices during the four week period ended May 22, Redfin Corp. said. 'The picture of a softening housing market is becoming more clear, especially to home…
The Once Ubiquitous Sold Over Asking Is Giving Way To Bought Under Asking
A report from Yahoo Finance. "The buying frenzy of vacation homes witnessed during the pandemic is largely over, as intensifying home prices rapidly cool demand. Demand for vacation homes tumbled for the second month in a row in March. 'The…
We Thought These Would Fly Off The Shelf, Even After Cutting Prices, We Can’t Even Give Them Away
A report from ABC 4 in Utah. "ABC4 spoke with Rodney M., a local real estate agent in Salt Lake County. 'We're seeing the inventory of houses double on the market,' said Rodney.'This has made it easier for homebuyers to…
It’s Painful To Get Back To Normal After Being In A Fantasy World
A report from the Idaho Press. "Brett Hughes, owner of Boise Premier Real Estate said in 2010 less than three homes in the million-dollar price range were sold in Ada County. That is partially because many of these homes that…
Unable To Sell For Even Close To The Price In March When They Bought
A weekend topic starting with KPIX in California. "Though homes across the Bay Area continue to sell for record prices, some real estate experts say the market is beginning to level off. 'I think we're seeing a little bit of…
A Wave Of Buyer’s Remorse Is Taking Shape
A report from Fox Business. "'We are starting to see more and more potential buyers walk away and say they just can’t afford to pay these prices,' National Association of Home Builders Chairman Jerry Konter, a builder and developer from…
Nobody Saw A Lot Of This Stuff Coming
A report from Go Banking Rates. "'For buyers, it will be a welcome relief because it has been hell over the last few years,' said Bill Gassett, a realtor based in Hopkinton, Massachusetts. 'For sellers, they will have missed out…