Rates Peak? Inventory Hits Bottom? Prices in the Red?
https://www.youtube.com/watch?v=57OxlJxx4AA https://www.youtube.com/watch?v=i4qEmPwvM-M https://www.youtube.com/watch?v=BqCpdLCgO08
We Have Seen A Massive Increase Of Homeowners Needing Short Sales And In Foreclosure
https://www.youtube.com/watch?v=bXL0s2KVX-o https://www.youtube.com/watch?v=guAr_Tt5gWk https://www.youtube.com/watch?v=byfdyiKF3uw https://www.youtube.com/watch?v=uxCifL0U1DI https://www.youtube.com/watch?v=GHzjQ8_KyxA
The Grim Reaper Could Be Coming For The Careers Of Real Estate Agents This Year
A report from Realtor.com. "According to Realtor.com®’s December housing data, the housing market continued to cool, with inventory and time on market increasing and listing price growth dropping below 10% for the first time in a year. There were 54.7%…
That Feeding Frenzy We Had Before Is Gone
A report from Market Watch. "'A few markets may see double-digit price drops, especially some of the more expensive parts of the country which have also seen weaker employment and higher instances of residents moving to other areas,' said Lawrence…
If You Wait Another Month, You Might Not Even Get This Price
It's Friday desk clearing time for this blogger. "Hawaiʻi’s luxury home market experienced a 22% decline in the number of sales last year compared with 2021. 'It’s not quite as doomsday as people think,' Hawaiʻi Life CEO Matt Beall says…
Values Took A Nosedive, Does This Mean The Market Is Crashing?
https://www.youtube.com/watch?v=kcSe9CfnC6I https://www.youtube.com/watch?v=FlxGG3NJLfM https://www.youtube.com/watch?v=n6YpV0mTMo8 https://www.youtube.com/watch?v=HqoTjFwvU6Y https://www.youtube.com/watch?v=0GXt86NieZA https://www.youtube.com/watch?v=GDb_76Yw8Lg https://www.youtube.com/watch?v=7k9O9cOHl18
I Don’t Want To Give My Place Away, Is A Common Refrain
A report from ABC 15 in Arizona. "'Home prices are now down 8% in Phoenix compared to the 2022 spring peak, which is twice as large as the decline in prices nationally, but still lower than declines in the Bay…
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…
We Are Seeing Houses Going Below Asking Price By Significant Amounts
https://www.youtube.com/watch?v=FKu4vhnJKvE https://www.youtube.com/watch?v=9pzMOFzu-rY https://www.youtube.com/watch?v=IRzpfwtzuSM https://www.youtube.com/watch?v=MUjNMmpGKdE
It Is Better To Sell At A Loss Than To Have A False Expectation Of Profit And Then Drown And Lose All Your Assets
A report from Deseret News. "In December, Salt Lake County’s median single-family home price dropped to $541,900 — 6% lower than the county’s median price in December 2021, according to the Salt Lake Board of Realtors. In May of last…