Hidden Home Inventory
https://www.youtube.com/watch?v=Ik_i6TXD1yo https://www.youtube.com/watch?v=I652xmZrbTk
Prices Are Falling As A Direct Result Of Sky-High Supply Paired With Comparatively Low Demand
It's Friday desk clearing time for this blogger. "When Nancy Lam upgraded in January to a home closer to her child’s school in the San Francisco Bay Area, she thought she had plenty of time to list her old house.…
Housing Inventory Levels Are Alarmingly High And Sales Are Cratering
A report from Deseret News. "'We’ve definitely slowed. Our prices are starting to come down because the interest rates are so volatile,' said Dejan Eskic, a senior research fellow at the University of Utah. After listening to the latest Fed…
It Has Come To A Grinding Slow-Down, With Price Reductions Every Day On Inventory That Is Not Selling
A report from Realtor.com. "The housing market has been called plenty of things this summer: red-hot, insane, brutal. But the latest word du jour to describe the state of real estate today is almost shocking in its tepidness: balanced. This…
Growing Price Cuts Are A Sign That Sellers Are Getting The ‘It’s NOW Different’ Message
It's Friday desk clearing time for this blogger. "Foreclosure activity in North Texas has been steadily climbing since the end of pandemic-related federal restrictions last year. 'In the past, when the market was red hot and someone just filed for…
Investors Are Aggressively Pitching Lowball Offers And Prices Have Already Fallen Steeply
It's Friday desk clearing time for this blogger. "'In my 22 years experience, I’ve never seen it move as fast as it was. I mean, back in Easter, every deal I had was multiple offers. You know, few months later,…
The Exuberance That Permeated These Markets Is Being Replaced By Fear
A report from the Spokesman Review in Washington. "'Real estate is a cyclical thing. What goes up, must come down,' Rob Higgins, executive officer for the Realtors association said of the local housing market. Spokane County's overheated housing market appears…
Is The Winner Really The Winner? Or Are You The Loser?
A report from Pagosa Daily Post in Colorado. "If you are a buyer who has been sitting on the sidelines for the last year, there is some good news for you. Prices are coming down across the board for homes,…
Without Expectations Of Price Gains, Investors Are Gone
A report from the Post Star in New York. "'I showed a house the minute it came on the market, and I wrote an offer on the hood of the car, that’s how quick,' said agent Barbara Kenison with Coldwell…
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…