Las Vegas – Turning Into A Buyer’s Market With Slashed Prices?
https://www.youtube.com/watch?v=IOiftlHdJio
There’s Panic In The Air
A report from Bloomberg. "Cryptocurrencies plummeted so violently that a popular lending platform froze withdrawals to prevent a very modern kind of bank run. It was enough, for some, to resurface scary memories of the global financial crisis more than…
When Interest Rates Were Down, People Could Borrow More Than They Expected, Now The Reverse Is Happening
It's Friday desk clearing time for this blogger. "On Thursday, Freddie Mac deputy chief economist Len Kiefer tweeted about what this downward shift means: 'The U.S. housing market is at the beginning stages of the most significant contraction in activity…
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.…
It Took A Few Months For Sellers To Realize The Demand They Counted On Was Not There Anymore
A report from the Seattle Times in Washington. "In King County, 73% more homes were listed at the end of May than at the same time last year. In Pierce County 74% more and in Kitsap 43%. In Snohomish, more…
There Is Panic In The Market
It's Friday desk clearing time for this blogger. "More and more homes in Citrus Heights and the Sacramento region are seeing reductions in prices from original list price. Appraiser Ryan Lundquist says it’s a different market today than just a…
Buyers Are Saying I’ve Had Enough And Sellers Are Starting To Freak Out
A report from Market Watch. "Daryl Fairweather — Redfin’s chief economist, who also worked at the Boston Fed says we’re seeing early signs that the housing market is starting to cool, at least in pricey coastal metros. 'Buyers in markets…
Home-Buyers Have Become Hard To Find
A report from the Mortgage Research Center. "The share of U.S. properties for sale that received competitive offers from buyers in April dropped to the lowest level in more than a year, according to Redfin. 'Higher rates are also limiting…
We Thought These Would Fly Off The Shelf, Even After Cutting Prices, We Can’t Even Give Them Away
A report from ABC 4 in Utah. "ABC4 spoke with Rodney M., a local real estate agent in Salt Lake County. 'We're seeing the inventory of houses double on the market,' said Rodney.'This has made it easier for homebuyers to…
This Had To Happen Sometime And It Seems That Time Is Now
A report from the Daily Local News in Pennsylvania. "'What am telling my buyers is that (demand for houses) may never cool off in this area,' said Steve Laret who heads up the Steve Laret Team with Vanguard Realty Alliance…