There Is PAIN In The Markets!
https://www.youtube.com/watch?v=6XWaU9EPAdo https://www.youtube.com/watch?v=XCh3w-PM9jY https://www.youtube.com/watch?v=mRRkJpNJrw0 https://www.youtube.com/watch?v=OLmKD0i8Zac
Prices Went Up Too Fast
A report from ABC News. "Wesley and Kimberly Robinson, both elementary school teachers, started building a new home for themselves and their two daughters in Rogers, Arkansas, last year, when interest rates were close to 3%. But their mortgage rate…
What Was Common Just Months Ago Is Now Passe
It's Friday desk clearing time for this blogger. "'I don’t believe it is rebalancing anymore,' said Tony Fink, a licensed agent in Raleigh. 'I think is is rebalanced, it has already occurred. It was not possible for us to sustain…
Time To Buy? Scared Sellers?
https://www.youtube.com/watch?v=iKkWHBUjYJM https://www.youtube.com/watch?v=DANAER2R5lQ https://www.youtube.com/watch?v=XjKNFEK43c8
We Increase Prices Without Understanding That It Will Backfire On Every Single Part Of The Industry
A report from Market Watch. "'Our prices have come off of their irrational highs of the last 18 months. It’s kind of a rebalancing,' Dave Walsh, manager of Compass Realty San Jose, told MarketWatch. At open houses in the Bay…
The Last Two Years, We’ve Been Living In A Fantasy Land
A report from the Pioneer Press in Minnesota. "'We don’t seem to be selling stuff like $40,000 or $50,000 over list price, with offers like ‘You can name my first child,' quipped Justin DuChemin, a real estate agent with Re/Max,…
Investors Are Aggressively Pitching Lowball Offers And Prices Have Already Fallen Steeply
It's Friday desk clearing time for this blogger. "'In my 22 years experience, I’ve never seen it move as fast as it was. I mean, back in Easter, every deal I had was multiple offers. You know, few months later,…
The Pandemic Housing Bubble
A report from Nerd Wallet. "Michelle Doherty, a Realtor in northern Virginia, notices the same thing. Buyers 'hold off, thinking, 'You know what? We'll wait for them to drop [the price].' She prods clients to make offers below asking instead…
The Halcyon Days Of Multiple Offers And TBD Pricing Are Likely Ending
A report from Twin Falls KMVT. "In markets saturated with buyers, like many areas of Idaho, buyers backing away from the market should mean stronger negotiating power and, eventually, lower prices. According to mortgage expert GP Theriot, the market is…
If Home Buying Were Honest
https://www.youtube.com/watch?v=xWqiE5GY4LI https://www.youtube.com/watch?v=mgODew-Iwog https://www.youtube.com/watch?v=Y-i7cawhw8s