We’re Coming Out Of A No Rules Era
A report from Miami Community News in Florida. "It is as if the collective consciousness of anyone thinking of selling said, 'Oh, I have missed the top and I better get on market right now so I don’t lose more…
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…
I Think We’ve Hit The Ceiling, And You Know, It’s A Really Big Ceiling
A report from Candy's Dirt in Texas. "If anyone at a cocktail party says, 'I’m waiting on the housing market to crash,' you simply walk away from that conversation because that person has zero knowledge whatsoever. If someone says, 'There…
Those Who Overstretched To Go All-In Could Soon Be Feeling Burned
A report from Fortune. "The regional housing markets seeing the most price cuts are in the very places that soared the most during the pandemic. As that pandemic housing boom fizzled out last month, things shifted quickly in Provo. In…
For A Lot Of Buyers, That’s Where The Rubber Meets The Road
A report from the Aiken Standard in South Carolina. "We're seeing a lot of people that when we come down and say, 'here's your monthly payment,' (they say), 'well, that's just too much,' said Matthew Hunter, branch manager at Assurance…
No One Buys Because They Think The Prices Will Drop, So They Drop
A report from Housing Wire. "BJ Witkopf is a mortgage specialist with Assurance Financial: Planet Earth has has gone from a ball of molten rock to ice, and then, to the climate we have today. Just like Earth, mortgage rates…
Advice For Other Sellers: Don’t Wait, If You’re Gonna Do It, Do It Now
A report from Marketplace. "'Marketplace' host Kai Ryssdal spoke with Vivian Gueler, chief financial officer of Pacific Trust Group in Los Angeles, about the mortgage brokerage industry and the housing market. Kai Ryssdal: Every single time we’ve gotten you on…
This Will End A Strange 7-8 Year Experiment
A report from CBS News. "The average mortgage rate jumped to 4.42% for the week ended March 24, according to Freddie Mac. That's a more than a one percentage-point jump since January 2022. Ian Shepherdson, chief economist at Pantheon Macroeconomics,…
Ethically Challenged Humans Getting Impaled On The Horns Of Their Own Unicorns
A report from Yahoo Money. "This week's more than quarter-point jump in mortgage rates is sending a dire message to homebuyers and owners: Time is running out. 'The short answer is it’s painful, I won’t lie. Rates have been escalating…
A Striking Resemblance To Japan In The Late 1980s
A weekend topic starting with the Globe and Mail. "China’s housing woes have been exposed by the liquidity crisis at Evergrande. The collapse of the company is not being ruled out as Beijing cracks down on the excessive leverage that…