Real Estate Companies Are Experiencing Massive Losses
https://www.youtube.com/watch?v=xWk1ZCC4Y18 https://www.youtube.com/watch?v=cYuOzLGdzBk https://www.youtube.com/watch?v=mOC8qdplC-k
If You Sell, You’re Not Getting Any Money Out
A report from the Telegraph. "Brad Pitt is one of a number of wealthy Californians offloading property in LA in an apparent effort to save millions of dollars in tax. The rush of properties coming to market, and the tax,…
We Have More Loans Nationwide Ready To Foreclose Than We Did In 2007 And 2008
A report from Salt Lake City Weekly. "As Utah's real estate market sizzled during the COVID pandemic, Matthew Borsodi, a compliance officer at one of Utah's largest mortgage lenders, filed a federal complaint alleging that his former employer skirted rules…
A Lot Of It Is Just Evidence Of Failed Speculative Activity
It's Friday desk clearing time for this blogger. "After reaching a peak of $670,000 in May 2022, median home prices in Northwest Austin have been consistently declining since August, according to the Austin Board of Realtors. February marks the seventh…
Sliding Prices Can Create A Cycle Where Buyers Expecting The Downward Trend To Continue End Up Prolonging The Slump
A report from the Orange County Register. "When times get tough in homes sales, watch what the homebuilders are doing. Take Landsea Homes, a small builder that blossomed in California. It’s moving its headquarters to Texas as part of a…
When The Bids Were Over It Was, Congratulations, You Are Now Essentially The Biggest Loser
A report from CNBC. "Diana Olick: Mortgage rates moved higher again last week, pushing buyers back to the sidelines just as the spring housing market is supposed to be heating up. Applications to refinance a home loan fell 6% for…
If I Wait Six Months, Will The Price Be Lower?
A report from Realtor.com. "The real estate game is at a stalemate that shows no signs of budging anytime soon, with neither buyers nor sellers willing to make the first move. Buyers have little incentive to lead the way. Meanwhile,…
Whatever We Owe On It, Let The Bank Take It
A report from the Marin Independent Journal. "Beth Brody, a Compass agent in Mill Valley, is bullish about 2023 after a year in which the median home price in Marin plunged about 30%. The apex was $2.12 million in April.…
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…