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…
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…
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…
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…
Some Buyers Regret The Outlandish Bids They Made During The Early Spring Frenzy
A report from KVUE in Texas. "As Austin-area housing inventory rises, Realtors are seeing signs of the market cooling off a bit. 'Some sellers are doing more moderate price drops,' said Ian Grossman, Realtor at Douglas Elliman Real Estate. 'Some…
The Market’s Sugar High Is Over
A report from USA Today. "Membership in the National Association of Realtors grew from 1.48 million at the end of 2020 to 1.56 million at the end of 2021. Kalyani Dere, a former data analytics professional, entered the field of…
It Is As If Increase Of Appetite Had Grown By What It Fed On
A weekend topic starting with Yahoo Finance. "I was talking to a high-profile Wall Street strategist the other day who told me she and her husband were house-hunting in the Hamptons. They saw a place they liked, but the asking…
The Sellers Are Hanging On For Dear Life
A report from Valley Central in Texas. "Realtor Arnold Celis said interest rates are not slowing down the real estate market in the Rio Grande Valley. Celis said the market is so wild, that he has had a client pay…
Low Ball Offers Are Coming In Hundreds Of Thousands Of Dollars Lower Than The Asking Price And As A Seller You Can’t Get Offended
It's Friday desk clearing time for this blogger. "''I’ve had clients call and say ‘I want to sell at the peak,’ and I say, ‘Great, can we sell two months ago? The reason for that is – the peak is…