Are There Too Many Houses?
https://www.youtube.com/watch?v=9lE8tzbuDC4 https://www.youtube.com/watch?v=vpRHtsKYBrM https://www.youtube.com/watch?v=zFCMxwVMAMA https://www.youtube.com/watch?v=JMSGuKFIGnE https://www.youtube.com/watch?v=A8U-yh48gb0
They Can’t Afford To Pay It All Back Because They Borrowed Too Much
A report from Business Insider. "Home rehabbers are quickly finding that the once-reliable method known as 'BRRRR' — short for buy, rehab, rent, refinance, and repeat — has become much riskier as home prices in hot pandemic markets fizzle out…
The Good, The Bad And Was The Painter Color-Blind?
https://www.youtube.com/watch?v=j7GfV6YFJoM https://www.youtube.com/watch?v=dCpLl_uO4cs
The Change In The Balance Of Power Is Bringing Out The Worst In Buyers
It's Friday desk clearing time for this blogger. "There are about 250,000 more homes for sale around the country than there were at this time last year, Realtor.com’s study says. Compared to January 2022, active listings are up 65%. Ogden,…
Many Sellers Have Not Yet Accepted They Won’t Be Able To Sell For What It Was Worth A Year Ago
https://www.youtube.com/watch?v=F_ZvodfYvi4 https://www.youtube.com/watch?v=fZPaeLJyNnM https://www.youtube.com/watch?v=Is8G_maqO_4 https://www.youtube.com/watch?v=i6uo7uvr7PI https://www.youtube.com/watch?v=vhmFU0mHJqs https://www.youtube.com/watch?v=mx8OhuCjnb4
It Has To Look Good, It Has To Smell Good And Expect That You’re Not Going To Get Your List Price
A report from the Daily News Record. "Next week, ownership of the nearly 81-acre and still largely vacant site of the planned Summit Crossing subdivision on the north end of town could change hands during a foreclosure sale at a…
You Are Effectively Trapped, And Your Bank Knows It
A report from Axios on Virginia. "Richmond home prices seem to be leveling off some after soaring for two years, per Redfin. The city of Richmond saw the biggest year-over-year drop in median sales price for single family homes in…
It Was Hard For Sellers To Realize That They No Longer Have That Price Escalation
A report from the Tribune in California. "If 2022 was a roller coaster for San Luis Obispo County's housing market, 2023 appears to have pumped the brakes somewhat. The median home price has cooled off to $790,000, a notable drop…
Accept Losses Instead Of Shouting For Help
It's Friday desk clearing time for this blogger. "The Greater Boston Association of Realtors released a report indicating that the number of active listings was up across the board in the region last month. 'Buyers were hard to find over…
The Default Cycle Is Just Beginning
https://www.youtube.com/watch?v=W2drrltBgIw https://www.youtube.com/watch?v=X0WUF6fn53o https://www.youtube.com/watch?v=fm0kx25-M-8