The Shoe Is On The Other Foot
https://www.youtube.com/watch?v=49c2Yt8zjkg https://www.youtube.com/watch?v=7LcecDuj6A8 https://www.youtube.com/watch?v=wUeOzCEtOjM https://www.youtube.com/watch?v=VDcJbX4tp28 https://www.youtube.com/watch?v=kFSinqkil0o
Not A Whole Lot Of Buyers Out There
https://www.youtube.com/watch?v=mKENxntkZXc https://www.youtube.com/watch?v=91gmqtOGSVQ https://www.youtube.com/watch?v=XMCrnNQklbg https://www.youtube.com/watch?v=PjmtZrYT-fo
Those People Who Saw The Extraordinary Capital Gains Were Thinking That They Might Miss Out On Growth, But Are Now Realising We’ve Come Back To A Normal Market
A report from the Mercury News in California. "'Silicon Valley Bank’s collapse is good for real estate,' said Chris Thornberg, an economist and founder of Beacon Economics. 'I mean it. If it forces the Federal Reserve to truly sit on…
A Lot Of It Is Just Evidence Of Failed Speculative Activity
It's Friday desk clearing time for this blogger. "After reaching a peak of $670,000 in May 2022, median home prices in Northwest Austin have been consistently declining since August, according to the Austin Board of Realtors. February marks the seventh…
We Were Watching It Go Up And Up And Up And Up And Up And Up… And Then It Just Started Coming Down
A report from USA Today. "'Prices would not have fallen if the Federal Reserve did not raise interest rates so aggressively,' says National Association of Realtors’ Chief Economist Lawrence Yun. 'One casualty of the Fed’s policy, aside from the regional…
For 30 Years The Fed Has Merrily Fed Us Easy Money Policies, Then Expressed Shock – Shock! – That Those Policies Led To Disaster-After-Disaster
A report from the Seattle Times in Washington. "The failures of Silicon Valley Bank and Signature Bank have reverberated across Seattle’s housing market. Even as regulators rush to stabilize banks, some buyers may wonder if 'these are just sort of…
When The Bids Were Over It Was, Congratulations, You Are Now Essentially The Biggest Loser
A report from CNBC. "Diana Olick: Mortgage rates moved higher again last week, pushing buyers back to the sidelines just as the spring housing market is supposed to be heating up. Applications to refinance a home loan fell 6% for…
I Thought I Would Be Just Fine As Long As I Could Get A Loan
A report from the New York Post. "The nation’s housing slump dragged on into January as home sales fell for the 12th consecutive month to the slowest pace in more than a dozen years. The median home price is down…
At A Feverish Time, People Rush To Buy At Any Price, But When The Market Faces Doldrums No-One Cares Despite The Remarkable Price Discounts
A report from DS News. "A case study of two nationwide cohorts of properties brought to foreclosure in Q4 2022 reveals that proactive pricing is key to optimal distress disposition during a housing slowdown, according to Auction.com. 'With home prices…
Historical Precedent Suggests The ‘Last Batch’ Of Buyers Often Become Resentful
A report from NPR. "'People are stuck,' says Lawrence Yun, chief economist with the National Association of Realtors. Yun and others describe the market as frozen, one in which home sales activity has declined for 10 months straight, according to…