Summer Storm
https://www.youtube.com/watch?v=aNgoDEJn1mo https://www.youtube.com/watch?v=EreRlnM7TUw
Buyers Have Disappeared And Sellers Are Shocked
A report from the Tribune in California. "When will the San Luis Obispo County housing market return to normal? Housing prices have seen 'enormous growth' in the past couple of years, Cal Poly finance professor Ziemowit Bednarek said, increasing as…
Supply Is Increasing At The Wrong Time And It Cannot Be Absorbed
A report from the Coeur d’Alene Press in Idaho. "Jennifer Smock said she and her team at Windermere/Coeur d’Alene Realty are often asked the same questions these days: What’s going to happen with the housing market? While she said she…
No Protection From The Bloodbath
It's Friday desk clearing time for this blogger. "The Federal Reserve looks on course to lose money next year as it raises short-term interest rates to try to rein in inflation, according to former New York Fed President William Dudley.…
Another Bloodbath In The Housing Market
A report from Deseret News. "Real estate firms Redfin and Compass both announced significant layoffs Tuesday. 'To all the departing people who put your faith in Redfin, I’m sorry we can’t keep our commitment to you,' wrote Glenn Kelman, Redfin’s…
Now Anger Meets Fear
A report from the News & Observer. "Summer has warmed up in South Carolina, but the same can’t be said for its housing market. To some realtors, the higher interest rates and the higher sales prices themselves have begun to…
Most Get Into The Ponzi Scheme Knowing It Is A Bubble
A weekend topic starting with Go Local Prov. "In Rhode Island, GoLocal reported that in March that Santander Bank was expected to lay off nearly 200 employees. The layoffs by Santander are taking place across the globe. 'What’s behind banking…
Prospective Buyers Are Saying, I Don’t Have To Buy Today, Maybe I Can Get Another $50,000 Off
A report from Yahoo Money. "Eighteen percent of homeowners in the U. S. plan on selling their homes within the next twelve months, according to Realtor.com’s 2022 Home Sellers report. This is more than twice the 8% of homeowners that…
Surrounded By Unfinished Buildings Constructed By Distressed Builders
A report from the Los Angeles Times. "Christopher Thornberg, founding partner with Beacon Economics said Orange County and the rest of Southern California are relatively inexpensive compared with other major metropolises around the world. Given the area is home to…