The OpenDoor Fire Sale
https://www.youtube.com/watch?v=cuEb0d_vMk0 https://www.youtube.com/watch?v=rnNjrD4mRCo https://www.youtube.com/watch?v=Iz91Ghculh0 https://www.youtube.com/watch?v=tuluEMmwe3A https://www.youtube.com/watch?v=fL8UsAix_qs
The Biggest Drawback Of Helicopter Money
A weekend topic starting with Fortune. "In 2005, Fed Chair Alan Greenspan told Congress that a 'bubble in home prices for the nation as a whole does not appear likely.' Of course, not only had a housing bubble formed, it…
If A Person’s Equity Falls Into Negative Territory, Lenders Are Unlikely To Take Them On At All
It's Friday desk clearing time for this blogger. "'In this particular market, the metro Detroit market we’re actually seeing home prices dropping. I’m seeing home prices drop by $10,000 a month,' said broker Maynard Neal." "'Now that we’re entering a…
Did The Market Really Drop, Or Did The Market Just Quit Having Over-List Price Offers?
A report from Business Insider. "Flippers are facing the music as the housing market begins to show signs of cooling down. Austin Rutherford told his 700,000 followers he will likely take a loss on a recent flip in Ohio. Fellow…
This Home-Loan Crater Is Deeper Than Anything We Witnessed During The Bubble-Bursting Housing Meltdown Of The Mid-2000s
A report from the Colorado Springs Gazette. "Sellers are slashing asking asking prices on hundreds of homes for sale in neighborhoods throughout the Pikes Peak region. Price reductions of thousands and even tens of thousands of dollars are common, Realtor.com's…
They Lost Their Shirts And They Don’t Have A Shovel In The Ground
A report from the Wood County Monitor in Texas. "A zoning change requested by developer Peter Woolford for Park Central Subdivision in south Mineola gained approval from the Mineola City Council. Woolford said that the original plan is no longer…
Realtors Have Had To Slash Selling Prices Because They Need Cash
A report from Realtor.com. "The red-hot housing market has been brought to its knees by soaring mortgage interest rates. 'No one wants to catch a falling knife,' says economist Yelena Maleyev of KPMG US. 'No one wants to buy in…
I Don’t Think It’s Set In Enough To People That The Party’s Over For Super-High Prices
It's Friday desk clearing time for this blogger. "In Orlando, 29% of homes on the market reduced their prices in October, up from 16% the same time a year ago. Real estate agent Kimberly Ann Zeidner says Zeidner says she’s…
The Reality Of Living Through It Is Something Sellers Are Not Prepared For
A report from Geek Wire. "'We’ve tied up hundreds of millions of dollars in houses that you yourself wouldn’t want to own right now,' Redfin CEO Glenn Kelman wrote. 'Even before its overhead expenses, the RedfinNow properties segment will likely…
The Real Estate Market Is A Dumpster Fire Thanks To The iBuyers
https://www.youtube.com/watch?v=DB2Q4ZXZ3sI https://www.youtube.com/watch?v=zliXzXB6M_U https://www.youtube.com/watch?v=-ff2zwvdJm0