Delusional Sellers
https://www.youtube.com/watch?v=-AZxBMgZJeA https://www.youtube.com/watch?v=JarTWcAvAoc https://www.youtube.com/watch?v=8rDXuwTaOZY
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…
When Money Is No Longer Free
It's Friday desk clearing time for this blogger. "Tacoma, Boise, Sacramento and other cities were listed among those seeing home listing-price declines. Provo and Tacoma saw the largest percentage of dropping prices, with 102 of 108 metros Redfin reviewed seeing…
A Glut Of Listings Are Being Met With Less Fervent Demand
A report from Market Place. "Lately, Redfin Chief Economist Daryl Fairweather has been using the term 'hibernation' to describe this changing housing market. 'Just in terms of, like, how little activity is happening right now for both buyers and sellers,'…
Buyers Are Saying I’ve Had Enough And Sellers Are Starting To Freak Out
A report from Market Watch. "Daryl Fairweather — Redfin’s chief economist, who also worked at the Boston Fed says we’re seeing early signs that the housing market is starting to cool, at least in pricey coastal metros. 'Buyers in markets…
Unable To Sell For Even Close To The Price In March When They Bought
A weekend topic starting with KPIX in California. "Though homes across the Bay Area continue to sell for record prices, some real estate experts say the market is beginning to level off. 'I think we're seeing a little bit of…
Almost All Will Be Lost
A report from the LA Daily News in California. "Rampant housing inflation means the federal government will now back almost million-dollar mortgages — including deals in Los Angeles and Orange counties. Note that mortgages made for vacation homes and second…
Clearly On The Brink And Sleepwalking Into Disaster
A report from the Telegraph. "For some American homeowners, one number is the most important indicator of wealth in their life: the Zestimate. When they do not like what they see, things can turn ugly. 'F--- Zillow and their ‘zestimates’.…
What’s Changed Is Supply
It's Friday desk clearing time for this blogger. "Realtors Jera Banks and Adam Bailey said virtually every part of the Phoenix area is seeing the high demand. This demand is something we have never seen before, according to experts. But…
News Of Falling Prices Only Serves To Convince More Buyers To Wait And See
It's Friday desk clearing time for this blogger. "What do these latest developments in Jamaica and Flushing mean for the rest of Queens? 'What we’re seeing is a shift in the market. We’re starting to see inventory building up, days…