We’re Coming Out Of A No Rules Era
A report from Miami Community News in Florida. "It is as if the collective consciousness of anyone thinking of selling said, 'Oh, I have missed the top and I better get on market right now so I don’t lose more…
For Sellers Looking To Sell At The Top Of The Market The Reality Is It’s Already Too Late
A report from KING TV in Washington. "'Literally houses are staying on market a lot longer. House prices are dropping anywhere from $50,000-100,000. I've seen houses drop $300,000,' said real estate broker Ali Samael. Housing prices coming down are a…
Without Expectations Of Price Gains, Investors Are Gone
A report from the Post Star in New York. "'I showed a house the minute it came on the market, and I wrote an offer on the hood of the car, that’s how quick,' said agent Barbara Kenison with Coldwell…
An Experiment That Failed Around The World
A report from Austin Culture Map in Texas. "In June, the city's median home price reached $615,000, a record for the month of June, but a drop from the May 2022 median of $667,000. The report highlights a 218 percent…
We’re Going To See A Lot Of People Jump Ship
A report from Business Insider. "'The uptick that we have seen in cancellations has really been in the last 30 to 60 days, and the leading driver has been buyers' remorse,' said Ryan Marshall, CEO of PulteGroup. 'I think a…
It’s Getting Worse
https://www.youtube.com/watch?v=lgBVG3B0F88 https://www.youtube.com/watch?v=zN9693E2nxk https://www.youtube.com/watch?v=uG_cye-f2Gk
People Who Were Putting In Stupid Prices, Now They Are Saying, The Market Is Going Down
A report from Money Wise. "'It’s becoming increasingly clear that the real estate markets are headed for a correction,' says George Ratiu, senior economist with Realtor.com. In Austin, for example, buyers are regaining bargaining power as sales last month fell…
No One’s Been Thinking About What Happens When Things Go Down
A report from Vice Magazine. "Brent Rogol, an agent in New York, was recently selling an apartment to a buyer who was heavily invested in tech stocks, which dropped dramatically in value over the course of negotiations. 'It really reduced…
When You’re A Fruit Picker Loaned 50 Times Your Salary, It’s Little Trouble To Walk Away
It's Friday desk clearing time for this blogger. "Raymond Martin and his wife listed their home in Austin, Texas, for sale for $1.1 million in early May. They figured selling the four-bedroom, three-bath house would be 'a walk in the…
Sellers Are Not Getting The Prices They Want, And They Are Incredulous At The Change
A report from the Sun Sentinel in Florida. "More inventory is coming back to the housing market and closed sales are plummeting as the buyer frenzy of the past year starts to taper. 'Buyers cannot handle these high prices and…