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
The Stars Are Aligned For A Bloodletting
It's Friday desk clearing time for this blogger. "Cooling real estate market trends continued into December 2022, according to reports from the Northern Virginia Association of Realtors and Virginia Realtors. The median sold price for a home also decreased slightly…
The Housing Market Is Unraveling As Prices Come Down From Their Peak
A report from the San Francisco Chronicle in California. "Ben Jiang retrieved a key from a lockbox and worked to untangle a mass of chains securing the front gate of his house. Inside, raunchy graffiti covered several walls and doors,…
Ownership Becoming A Nightmare
https://www.youtube.com/watch?v=goI5FB4NJe8 https://www.youtube.com/watch?v=PB4Qh2ytU4U https://www.youtube.com/watch?v=h-KzAwadX7I
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…
Year-Over-Year Declines Starting To Become More Apparent
https://www.youtube.com/watch?v=ZhmBIGH92po https://www.youtube.com/watch?v=ADgZMQlE6UI https://www.youtube.com/watch?v=__G_n8Z5z_c https://www.youtube.com/watch?v=1jk34uWzCTI https://www.youtube.com/watch?v=m9EbC5VSysE
Starved Of Buyers, Sellers Are Having To Come To Terms With The Reality That Their House Price May No Longer Be Worth What It Was Six Months Ago
A report from Silicon Valley. "Last year 'just got really bumpy real quick,' said Janine Hunt, an agent with Red Oak Realty in Oakland. 'We knew it was coming. What goes up must come down.' The median price of existing…
Investors Who Were Planning On Flipping Are Now Feeling Fear And Panic
A report from the Montana Standard. "Home sales have slowed to Great Recession levels as the housing market adjusts to elevated mortgage rates, said John Kasperick, a longtime economist at NorthWestern Energy in Butte, and total mortgage demand has sunk…