From Peak Optimism To Peak Pessimism
https://www.youtube.com/watch?v=Eaqqj68q_xA https://www.youtube.com/watch?v=3EiXWSTA4VQ https://www.youtube.com/watch?v=BPrQdTX1vhQ
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…
The Over-Excited, Headless-Chicken Covid Market Has Disappeared
A report from Go Banking Rates. "In 2021, inflation pushed the housing market to record highs — but it wasn’t a bubble. 'It’s not like 2008, because the growth we have seen in the past few years wasn’t based on…
Buyers Are Pulling Out, FEAR and PANIC Set In
https://www.youtube.com/watch?v=WGfWOJ_vluk https://www.youtube.com/watch?v=95SkoFI0f6A https://www.youtube.com/watch?v=kseyt6sIh3g https://www.youtube.com/watch?v=EaRKfc3XygE https://www.youtube.com/watch?v=ZdMbExOb8ng
All Sellers Are Expecting To Be Chipped
A report from the Real Deal on Arizona. "Two months ahead of hosting the 2023 Super Bowl, Arizona Cardinals owner Michael Bidwill sold his mansion in Paradise Valley at a loss for $5.3 million. Bidwill sold the property two months…
Sellers Worry They Missed The Top And It Is Going Down, They Want To Get Out
A report from the Seattle Times in Washington. "The result of the slower market for buyers who are still trying to make a deal? They are no longer 'making a faster decision on buying a house than you would [when…
Is Buyer’s Remorse The New Normal?
https://www.youtube.com/watch?v=rGY57OEyXIc https://www.youtube.com/watch?v=a3_o15QOf3s https://www.youtube.com/watch?v=2-9rSiXO2iI https://www.youtube.com/watch?v=3mEuqxcMlYI
Increasingly Anxious Sellers Went Through The Five Stages Of Real-Estate Grief
A report from the Review Journal in Nevada. "With builders slashing prices and buyers pulling back, Las Vegas’ home construction market kept hitting the brakes in November. 'Over the past few months though, the conversation has changed from how high…
Modern Monetary Theory Is True, As Long As Nobody Believes It’s True
A report from the Union Tribune in California. "San Diego County's home price has dropped for the sixth month and is close to erasing all yearly price gains. Jeff Grant, owner and agent with Sand & Sea Investments, has a…
Historical Precedent Suggests The ‘Last Batch’ Of Buyers Often Become Resentful
A report from NPR. "'People are stuck,' says Lawrence Yun, chief economist with the National Association of Realtors. Yun and others describe the market as frozen, one in which home sales activity has declined for 10 months straight, according to…