An Asset Which Produces Nothing
A report from KTNV in Nevada. "Some Las Vegas sellers are getting creative to get more offers. Zoom in towards the area of St. Rose Parkway and I-15 and you'll find a home listed for only one dollar. 'It is…
Real Estate Is The Biggest Mafia
A weekend topic starting with the Marin Independent in California. "The median price of a detached home in Marin County fell to $1.675 million last month, nearly wiping out the gains for the year, according to the latest county data.…
The Crumbling Totems Of Hubris, Greed And Folly Will Become Scars On The Once-Joyful Hills
A report from News for Jax in Florida. "Jonathan Daugherty, a realtor in St. Johns County, said housing fallout is leading to better deals. The future homeowner can no longer afford the home, and in some cases, the buyer is…
Values Are Coming Down Because They Have To
It' Friday desk clearing time for this blogger. "Housing inventory in the Austin area has reached the highest level since September 2018. Spyglass Realty CEO Ryan Rodenbeck said the market has changed so much in the last couple of months…
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…
A Little Sense Of Seller FOMO, Where They’re Like, Oh No, We’ve Missed The Top
A report from Fox 13 on Utah. "'Finally the madness has stopped,' said Steve Perry, president of the Salt Lake Board of Realtors. 'Finally the sellers are catching up with how the buyers need it to be. Buyers can now…
The Fear Of Paying Too Much Is A Difficult Proposition For Vendors, All Of A Sudden
A report from the Mercury News in California. "Investors bought up just 4% of the homes sold in the San Jose metro area, and 6% in San Francisco and the East Bay last year – about the same level as…
An Industry Reeling From An Unprecedented Stretch Of Defaults
A report from The Daily Ardmoreite. "The quick sales and higher costs have led broker Marcus Cunningham to notice an interesting new quirk in the market. That is the number of people who back out of purchasing after getting an…
Consumers That Were Previously Approved Are No Longer
A report from the Philadelphia Inquirer in Pennsylvania. "For most families, owning property is the primary way they build wealth. As prices start to cool off over the next few years from sky-high growth, some people may find that their…
Not Every Borrower Can Be Helped
A report from Buzzfeed. "Buying a home is not for the faint of heart. 21: 'Do your research on the neighborhood and street. Try to go to the home you plan on buying at different times during the day, and…