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…
Many Sellers Have Not Yet Accepted They Won’t Be Able To Sell For What It Was Worth A Year Ago
https://www.youtube.com/watch?v=F_ZvodfYvi4 https://www.youtube.com/watch?v=fZPaeLJyNnM https://www.youtube.com/watch?v=Is8G_maqO_4 https://www.youtube.com/watch?v=i6uo7uvr7PI https://www.youtube.com/watch?v=vhmFU0mHJqs https://www.youtube.com/watch?v=mx8OhuCjnb4
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…
Almost 40% Of The Pandemic Pricing Boom Is Already Gone
https://www.youtube.com/watch?v=yXE1IYNfRyc https://www.youtube.com/watch?v=AD2PnEWq4GI
You Are Effectively Trapped, And Your Bank Knows It
A report from Axios on Virginia. "Richmond home prices seem to be leveling off some after soaring for two years, per Redfin. The city of Richmond saw the biggest year-over-year drop in median sales price for single family homes in…
It Was Hard For Sellers To Realize That They No Longer Have That Price Escalation
A report from the Tribune in California. "If 2022 was a roller coaster for San Luis Obispo County's housing market, 2023 appears to have pumped the brakes somewhat. The median home price has cooled off to $790,000, a notable drop…
Price Signals Have Been Broken
A weekend topic starting with Real Clear Markets. "Arthur Burns, Chair of the Federal Reserve from 1970 to 1978, publicly regretted afterward that he had lacked the spine to do what was necessary to get the Great Inflation of the…
Could This Burst The Housing Bubble?
https://www.youtube.com/watch?v=56IwOxPubGE https://www.youtube.com/watch?v=2jEYldJsd2U https://www.youtube.com/watch?v=iiizfcYeheE
Accept Losses Instead Of Shouting For Help
It's Friday desk clearing time for this blogger. "The Greater Boston Association of Realtors released a report indicating that the number of active listings was up across the board in the region last month. 'Buyers were hard to find over…
Leverage Works Both Ways
https://www.youtube.com/watch?v=AnSP9IEJ_0w https://www.youtube.com/watch?v=enp1Is3Znp0 https://www.youtube.com/watch?v=E1z0gaauUN4 https://www.youtube.com/watch?v=AhH8WqDRxDg