How Extreme Is Our Current Decline?
https://www.youtube.com/watch?v=wf3ibEfNooc https://www.youtube.com/watch?v=81cX_2JbUI8 https://www.youtube.com/watch?v=fbezzCWjt9Q https://www.youtube.com/watch?v=uyL36b8_ZoE
Sliding Prices Can Create A Cycle Where Buyers Expecting The Downward Trend To Continue End Up Prolonging The Slump
A report from the Orange County Register. "When times get tough in homes sales, watch what the homebuilders are doing. Take Landsea Homes, a small builder that blossomed in California. It’s moving its headquarters to Texas as part of a…
Buyers Did Everything To Get An Offer Accepted And Now Many Are Regretting Those Decisions
https://www.youtube.com/watch?v=x-WJuATot9Y https://www.youtube.com/watch?v=82dSh3wNVfI https://www.youtube.com/watch?v=-1W6wfYvgI8
We’re In A Buyers’ Market, The Price Being Asked Becomes Irrelevant
A report from the Orange County Register in California. "Orange County’s more affordable housing has been hit harder by the home-price collapse coming off May 2022’s pandemic-fueled bubble. The countywide median selling price was $950,000 in January, according to CoreLogic.…
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
A Lot Of These People Are Struggling Now Because They Couldn’t Really Afford It To Begin With
A report from the Denver Post in Colorado. "Metro Denver single-family home prices, after dancing between an annual loss and gain in January, crossed over to the dark side with both feet in February. The median price of a single-family…
Mortgage Balances Are Growing As Canadians Hope The Problem Will Resolve Itself
https://www.youtube.com/watch?v=YLRjVNZLHEQ https://www.youtube.com/watch?v=lv4jZcaWJ2o https://www.youtube.com/watch?v=4F-HCww8xfU https://www.youtube.com/watch?v=lYLd7OCVw-E
Still In The Grips Of The Planner’s Conceit
A report from Yahoo Finance. "Goldman Sachs is out with a new note revealing that of the largest 25 metro areas nationwide, four of them, Austin, Seattle, San Francisco, and Phoenix-- you're looking at them on your screen there-- have…