The Market Popped!
https://www.youtube.com/watch?v=W09sbqeAcSQ https://www.youtube.com/watch?v=UNizmeNLGXY https://www.youtube.com/watch?v=V28ys2PoIOE https://www.youtube.com/watch?v=e5C_B2SRrBA https://www.youtube.com/watch?v=CI7rHPkyr08
Before We Were Doing All These Ridiculous Things
A report from Go Banking Rates. "'Buyer’s remorse and cancellations shortly after contract are increasing. Builders state buyers are nervous about a potential recession, struggling to get comfortable with higher payments, or expecting home prices to decline,' Jody Kahn, senior…
It Is As If Increase Of Appetite Had Grown By What It Fed On
A weekend topic starting with Yahoo Finance. "I was talking to a high-profile Wall Street strategist the other day who told me she and her husband were house-hunting in the Hamptons. They saw a place they liked, but the asking…
A Global Phenomenon Due To Monetary Policy Errors Repeated Across Multiple Advanced Economies
A report from the News Sun in Indiana. "Larry Doyle, president of Campbell & Fetter Bank, ran some sample numbers to illustrate. 'That’s a $318 increase. Same dollar amount. Same dollar amount borrowed,' Doyle said. 'We had nine price reductions…
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…
When Money Is No Longer Free
It's Friday desk clearing time for this blogger. "Tacoma, Boise, Sacramento and other cities were listed among those seeing home listing-price declines. Provo and Tacoma saw the largest percentage of dropping prices, with 102 of 108 metros Redfin reviewed seeing…
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…
Agents Often Credit Motivated Vendors As The Reason For The Price Drop
A report from BoiseDev in Idaho. "April Florczyk, the founder of 208 Market Real Estate, told BoiseDev that dynamics are shifting – especially in Ada County. 'The average active price is almost $150,000 higher than the sold price,' she said.…
A More Striking Reversal Than We Experienced In 2005
A report from the Coeur d’Alene Press in Idaho. "Rocket Homes reported that the median home price in May in Kootenai County was $521,000, down 30.8% from a month ago. The asking price for one Dalton Gardens, five-bedroom, 2,500-square-foot home…