Death By 1,000 Slashes
A report from Deseret News on Idaho. "'The sky is not falling,' said TJ Pierce, a real estate agent in Boise. 'Everybody knew it wasn’t going to last. It’s just a matter of how long.' Hop over to a more…
It’s Making People Poor
A holiday topic starting with In Maricopa in Arizona. "It’s no secret that right now, the real estate market is once again changing. Dayv Morgan, a Maricopa Realtor, has spent the last 13 years selling real estate. Morgan said the…
The Frantic Pace Of Activity Seemed To Evaporate Overnight
A report from the Post Independent in Colorado. "Bryan Snow and his family moved to the Roaring Fork Valley from Denver after his wife got a job in Basalt. They found a house between Carbondale and Iron Bridge. He said…
Eye-Popping Price Increases And Bidding Wars Suddenly Seemed To Be A Thing Of The Past
A report from the Review Journal. "LVR reported the median price of existing single-family homes sold in Southern Nevada through its Multiple Listing Service during June was $480,000. That was down from the all-time record price of $482,000 in May,…
They’re Sitting On The Market For A Few Weeks To A Few Months And People Are Not Touching It
A report from the Phoenix Business Journal in Arizona. "As the Valley's housing market continues to cool, home sellers are cutting list prices while various incentives are emerging — signs that the housing market is finally on its way to…
The Once Ubiquitous Sold Over Asking Is Giving Way To Bought Under Asking
A report from Yahoo Finance. "The buying frenzy of vacation homes witnessed during the pandemic is largely over, as intensifying home prices rapidly cool demand. Demand for vacation homes tumbled for the second month in a row in March. 'The…
We Thought These Would Fly Off The Shelf, Even After Cutting Prices, We Can’t Even Give Them Away
A report from ABC 4 in Utah. "ABC4 spoke with Rodney M., a local real estate agent in Salt Lake County. 'We're seeing the inventory of houses double on the market,' said Rodney.'This has made it easier for homebuyers to…
I Want To Be Done And Put it Behind Us!
A report from WBTV in North Carolina. "Potential Charlotte-area homebuyer Amelia Serrano is relocating from California with her family and the interest rates are on the top of her mind. 'Now we have to look for homes in a much…
Not On Shaky Ground — But In Quicksand
A report from IFR. "The speed of the turnaround is remarkable given Zillow had raised over US$1bn in the securitisation market in the last three months. 'Everyone is trying to figure out what's going on. I want to know if…
If Property Prices Stop Growing, We Won’t Buy
A report from Reuters. "The stock of housing under construction increased 1.3% to a rate of 1,426 million units last month, the highest since February 1974." From Market Watch. "Zillow’s unexpected announcement this week that it’s putting a temporary stop…