Another Factor Contributing To The Decline Is The Exodus Of Residents
https://www.youtube.com/watch?v=bY0kr8Vn-8g https://www.youtube.com/watch?v=ify7Y57IxLk
There Is A Bubble To Burst
A report from Fox 13 in Utah. "Matthew Clewett bought his first home in Kaysville back in 2021. Since May, the board says those prices have dropped 22 percent. 'It was an offer that I actually had to pay above…
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…
It’s Robbing Ah Seng To Pay Ah Huat
A report from Mansion Global. "What goes up, must come down. That’s apparently the motto of the current U.S. housing market, which, after a wildly prosperous peak-pandemic run, is now seeing values plummet. Homeowners across the country have collectively lost…
If I Wait Six Months, Will The Price Be Lower?
A report from Realtor.com. "The real estate game is at a stalemate that shows no signs of budging anytime soon, with neither buyers nor sellers willing to make the first move. Buyers have little incentive to lead the way. Meanwhile,…
Whatever We Owe On It, Let The Bank Take It
A report from the Marin Independent Journal. "Beth Brody, a Compass agent in Mill Valley, is bullish about 2023 after a year in which the median home price in Marin plunged about 30%. The apex was $2.12 million in April.…
The Soft Landing Island Is Looking Really Crowded
A report from DS News. "As the housing market took its twists and turns to close our 2022, Fannie Mae felt the impact of a market in flux. Fannie Mae’s net income decreased $9.3 billion in 2022, compared with 2021,…
The Grim Reaper Could Be Coming For The Careers Of Real Estate Agents This Year
A report from Realtor.com. "According to Realtor.com®’s December housing data, the housing market continued to cool, with inventory and time on market increasing and listing price growth dropping below 10% for the first time in a year. There were 54.7%…
That Feeding Frenzy We Had Before Is Gone
A report from Market Watch. "'A few markets may see double-digit price drops, especially some of the more expensive parts of the country which have also seen weaker employment and higher instances of residents moving to other areas,' said Lawrence…
If You Wait Another Month, You Might Not Even Get This Price
It's Friday desk clearing time for this blogger. "Hawaiʻi’s luxury home market experienced a 22% decline in the number of sales last year compared with 2021. 'It’s not quite as doomsday as people think,' Hawaiʻi Life CEO Matt Beall says…