The Grinch That Stole Christmas
https://www.youtube.com/watch?v=CvpwDVzUijk https://www.youtube.com/watch?v=9UKPSBRVWpc
Any Action To Stop A Bubble Bursts A Bubble
A report from the Washington Post. "Months before the bank posted a foreclosure warning on the front door of the home that Sunya Musawwir has owned for 30 years, the D.C. government told her they would take care of everything:…
Prices Went Up Too Fast
A report from ABC News. "Wesley and Kimberly Robinson, both elementary school teachers, started building a new home for themselves and their two daughters in Rogers, Arkansas, last year, when interest rates were close to 3%. But their mortgage rate…
Get Real, Average Turkey
A report from Bloomberg on New York. "Manhattan luxury-home sales had their best week of the year. The second-priciest home to find a buyer was a limestone mansion owned by financier Phil Falcone, at 22 E. 67th St., on the…
You Are Starting To See Some Sellers Get Pinched
A report from WPTV in Florida. "The large selling off of homes owned by Zillow is also happening on the Treasure Coast. As many as 20 homes in St. Lucie County are listed on the Zillow website. Earlier this week,…
The Question At The Forefront Of Everyone’s Mind
A report from the Jackson Hole News and Guide in Wyoming. "'We do feel the feeding frenzy is over, said David Viehman, an associate broker at Engel&Volkers. 'And though we have some new inventory, we think a lot of the…
The Final Nail In The Coffin Of The Housing Boom Narrative In The Media
A report from CNBC. "The inventory of new homes for sale jumped from a 5.5-month supply in May to a 6.3-month supply in June. In June, the number of homes for sale that had not yet been started hit an…
People Are Going To Try To Hold Until They Can’t And Then We Get Defaults And Foreclosures
A report from Fox Business. "The U.S. Department of Veterans Affairs (VA). The VA has said it backed a record breaking 1.2 million loans in 2020, and a new study suggests it's already on pace to break that record again…
A Long, Flatulent Sound Of Air Being Let Out Of A Big Party Balloon
A report from the Santa Fe New Mexican. "'So, what do you make of this housing bubble?' I am occasionally asked. In 2007, I obtained a 'no doc' loan. Then came the crash of October 2008. Almost overnight, the value…
There’s Going To Be A Lot Of Owners Holding The Bag On This Thing
A report from Mansion Global. "Prices have soared as demand significantly outclips supply. But amid all the excitement, more contracts are also falling through, and many prospective buyers are placing offers sight-unseen, only to back out later. 'There is a…