Is This Going To Crush The Market?
https://www.youtube.com/watch?v=_MVMeOS3A5w https://www.youtube.com/watch?v=h-xflBndzZ8 https://www.youtube.com/watch?v=e0EydtajeP8 https://www.youtube.com/watch?v=9JgxhfRixlI
Everybody That Had A Deposit… It’s Gone
A report from Mansion Global on Florida. "Lupe del Pino recently paid $258,000 for a two-bedroom condo unit with a balcony in North Miami Beach. That amount was within her allotted budget, but she had an additional cost to pay.…
They Blatantly Lied To Us, We Lose Everything, We Won’t Get Any Money Back
A report from CNBC on New York. "Manhattan real estate sales fell 38% in the first quarter, according to new reports. The big question for brokers, buyers and sellers is where the new 'bottom' will be in Manhattan. The average…
Everyone Wants To Pay Tomorrow’s Price
A report from the Orange County Register. "California's latest homebuying debacle is a pumped-up storyline we've seen before — even if each housing bubble has its own shape and size. The median price of an existing, single-family home in California…
Many Sellers Feel They Are Losing Profits Rightfully Theirs And Are Slow To Accept The New Realities
A report from Yahoo Finance. "To say home refinancing activity is a sliver of what it was two years ago is no exaggeration. 'Lenders are hurting. We still see layoffs on a monthly basis,' Jason Sharon, owner and broker at…
If You’re A Seller, You Have To Wrap Your Mind Around The Idea You’re Not Going To Get The Price That You Thought It Was Worth
A report from the Arizona Republic. "As interest rates have risen nationally, housing sales prices have fallen about 13% in the Phoenix metro since the peak in May 2022, said Danny Court, partner and senior economist with Elliott D. Pollack…
Increasingly Anxious Sellers Went Through The Five Stages Of Real-Estate Grief
A report from the Review Journal in Nevada. "With builders slashing prices and buyers pulling back, Las Vegas’ home construction market kept hitting the brakes in November. 'Over the past few months though, the conversation has changed from how high…
Speculators Are Now Willing To Accept Losses To Dispose Of Their Units
A report from CBS News. "The following is a transcript of an interview with JPMorgan Chase CEO Jamie Dimon that aired Sunday, Dec. 11, 2022. MARGARET BRENNAN: But in this moment we're in right now - you have mortgage rates…
Realtors Have Had To Slash Selling Prices Because They Need Cash
A report from Realtor.com. "The red-hot housing market has been brought to its knees by soaring mortgage interest rates. 'No one wants to catch a falling knife,' says economist Yelena Maleyev of KPMG US. 'No one wants to buy in…
There’s Going To Be Some Form Of Payback For All The Cheap Money
A weekend topic starting withe the Washington Post. "When the Federal Reserve raised interest rates yet again this week, the central bank’s case for how it would tackle inflation without causing a recession boiled down to: It’s unclear. What are…