Sellers Are Lowering Prices Left And Right And Also Paying Concessions And Closing Cost Again
https://www.youtube.com/watch?v=GqbHR6kqNfM https://www.youtube.com/watch?v=szJ8tfu8b10 https://www.youtube.com/watch?v=G3tIUXCRlLo
The Sharknado Of Real Estate: No One Saw It Coming, No One Believed It Was Happening, But We’re Never Going To See Numbers Like That Again
A report from CNBC. "Wells Fargo is stepping back from the multitrillion-dollar market for U.S. mortgages. As part of its retrenchment, Wells Fargo is also shuttering its correspondent business that buys loans made by third-party lenders and 'significantly' shrinking its…
Sellers Worry They Missed The Top And It Is Going Down, They Want To Get Out
A report from the Seattle Times in Washington. "The result of the slower market for buyers who are still trying to make a deal? They are no longer 'making a faster decision on buying a house than you would [when…
The Music Stopped, The Party Was Over, The Rates Hit And They Were Left Holding The Bag
A report from KMOV in Missouri. "While winter is a slow time of year, St Louis realtor Cathy Shaw Connely said inventory remains fairly low, despite rising interest rates. 'Yes, it’s going to affect the amount of house they can…
2022 Did Not Disappoint
https://www.youtube.com/watch?v=AoHYBawLzfg https://www.youtube.com/watch?v=aSqWdqUu-pg https://www.youtube.com/watch?v=g8xO8_6P9ZM https://www.youtube.com/watch?v=7q4hMT59MwQ https://www.youtube.com/watch?v=CyBjlRqBCMc https://www.youtube.com/watch?v=y2Po7xz1AfE https://www.youtube.com/watch?v=aqhaDsW8-U8&t=9s
The Times Of Too High Price Mean Almost Everything Will Be Believed For A Little While
A report from the Dallas Morning News. "'There’s no doubt about it, the market is slowing down from a very high peak,' said Texas A&M economist Jim Gaines. Homebuilders also saw a dramatic decline in sales that led them to…
Don’t Catch A Falling Knife
https://www.youtube.com/watch?v=hs5N8ByRS5Y https://www.youtube.com/watch?v=jWYS1i0PE3M https://www.youtube.com/watch?v=f6MvGm6zmW4 https://www.youtube.com/watch?v=5Bo5-U1vO6g https://www.youtube.com/watch?v=mtdrSDRjtL0
The Craziness Will Go Down In History As A Once-In-A-Generation Boom That Was Not Sustainable
It's Friday desk clearing time for this blogger. "In June 2021, when the cryptocurrency markets were soaring, the developers of the Arte condominium in Miami’s Surfside neighborhood announced that a buyer had purchased a penthouse there for $22.5 million in…
It’s As If A Chunk Of Their Nest Egg Has Suddenly Been Snatched From Underneath Them
A report from the Houston Chronicle in Texas. "'For buyers now, you're not really buying at the peak because that was more about six months ago to a year ago when we had multiple offers,' said Jennifer Wauhob, HAR's chair.…
Are We Going To See Fire Sales?
https://www.youtube.com/watch?v=mLCQyoQZbhw https://www.youtube.com/watch?v=hgk8vLdTmys https://www.youtube.com/watch?v=1bB9bco8ZAc https://www.youtube.com/watch?v=2FCkByxbWAY