Prices Have Now Fallen From The Peak With Many Signs Pointing To Further Declines
https://www.youtube.com/watch?v=SjypnvY_bF0 https://www.youtube.com/watch?v=eBSvWwYcD8E
Were These Regulators Just Asleep At The Wheel?
A report from the Idaho Statesman. "The median price of a single-family home in Ada County in February was $492,115, according to the Intermountain Multiple Listing Service. That’s down 10.5% from February 2022, when the median price was $549,900. In…
The Change In The Balance Of Power Is Bringing Out The Worst In Buyers
It's Friday desk clearing time for this blogger. "There are about 250,000 more homes for sale around the country than there were at this time last year, Realtor.com’s study says. Compared to January 2022, active listings are up 65%. Ogden,…
There Is A Bubble To Burst
A report from Fox 13 in Utah. "Matthew Clewett bought his first home in Kaysville back in 2021. Since May, the board says those prices have dropped 22 percent. 'It was an offer that I actually had to pay above…
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.…
If You Wait Another Month, You Might Not Even Get This Price
It's Friday desk clearing time for this blogger. "Hawaiʻi’s luxury home market experienced a 22% decline in the number of sales last year compared with 2021. 'It’s not quite as doomsday as people think,' Hawaiʻi Life CEO Matt Beall says…
Dear Real Estate Professional, You’ve Been Forced To Transition From Abundance To Scarcity
A report from 425 Business in Washington. "Snohomish County saw its median sales price settle at $645,000 last month, down 6.1 percent from a year ago, and also down from December, when the median was $679,000. Looking at single-family homes…
We Are In The Soup
A report from The New Orleans Advocate in Louisiana. "When Roxanna Campos and her husband put their 40-year-old Bucktown house on the market in January, they thought the three-bedroom brick Ranch would be a quick sell. As a local real…
We Hear The Words But No Longer Hear The Music
A report from KXTV in California. "'These homes we're in now... when they went up originally in 2018 just before the pandemic, they were running anywhere from high $300,000 to low $400,000,' realtor Dana Harward explained as she drove around…