Buyers Are Pricing In Future Decreases And They Are Submitting Really Low Offers
https://www.youtube.com/watch?v=r-Vesr7k8bA https://www.youtube.com/watch?v=oeOyD8cxhUE https://www.youtube.com/watch?v=_kbDQ8OoHu0
The Allure Of Easy Money Never Fades, Especially For Those Who Benefit The Most
A weekend topic starting with Business Insider. "Prepare for house prices to slump, unemployment to spike, and the US economy to slip into recession, Kenneth Rogoff has said. The Harvard University economist issued his dire outlook during a Fox Business…
A Zero-Rate World Has Drifted Into The Land Of Excess
A weekend topic starting with Fortune. "Homebuilders and economists alike were on edge this spring after the Federal Reserve Bank of Dallas published a paper titled "Real-Time Market Monitoring Finds Signs of Brewing U.S. Housing Bubble." Shortly afterwards, Fortune spoke…
Sellers Were Expecting Yesterday’s Price And Buyers Were Wanting Tomorrow’s Price
It's Friday desk clearing time for this blogger. "'Prices are down well over 20% from the height in April and May,' said Lori Abbey with The Abbey Collection at Compass Real Estate. Metro Denver had twice as many homes with…
Buyers Are Getting Screwed Every Day
A report from the Nevada Current. "The Federal Reserve’s bump in its benchmark rate brings it to the .25% to .50% range, after historic pandemic-era lows. As a result, the market may be stabilizing, at least in some places. The…
I’ve Cried Many Nights, Thinking, Where’s My Money?
A report from the New Hampshire Bulletin. "There are some signs that the mania may be starting to diminish, housing experts say. There are little signs that the market could be nearing a turning point. The average number of days…
It’s Possible The Market Overshot And Is Now Settling At A New, Higher Plateau
A report from the Real Deal on Florida. "Ken Griffin has left Faena House. The CEO of Chicago-based Citadel sold his remaining penthouse at the ultra-luxury Miami Beach condo building, a three-bedroom, 4,243-square-foot unit, for $11.2 million. Griffin paid $60…
Emotional Arguments Are Further Proof That Buyers Are Essentially Gambling
A weekend topic starting with ABC 15 in Arizona. "The intimidating home prices across the Valley are not scaring away buyers. In fact, many are emboldened by failed offers to be even more aggressive when approaching the next one. 'I…
The Reality Is People Have More Options Because More Housing Is Being Built
A report from WTSP on Florida. "If history is any indication, Joe Manausa says we are not currently in another housing bubble. The Florida-based realtor and author, with 30 years experience in the business, says rarely do we see the…
The Sky’s The Limit, But That Sky Came Crashing Down
A report from the Real Deal on New York. "In February, billionaire Ken Griffin purchased Calvin Klein’s seven-acre Southampton home for $84 million — the year’s most expensive deal in the Hamptons. Now, the mansion next door has been put…