Everything Is Falling
A report from KRDO in Colorado. "According to a broker associate at Re/Max of Pueblo Inc., Mike Pospahala, two years ago there was a lot of competition to buy a home. He said a lot of homes were sold above…
The Market Can See Asking Prices Fall Like Raindrops
A report from Community Impact in Texas. "The residential real estate markets in Round Rock, Pflugerville and Hutto are still dropping in median price and increasing in inventory. The local trend for June is similar to pricing and inventory data…
Some Sell At 75 Per Cent Of Value Just To Get Rid Of Them
A report from Community Impact in Texas. "The latest report from the Austin Board of Realtors shows the average price of homes in Round Rock in May sat at $547,953, which represents an 11.6% decrease from May 2022, when the…
The Shoe Is On The Other Foot
https://www.youtube.com/watch?v=49c2Yt8zjkg https://www.youtube.com/watch?v=7LcecDuj6A8 https://www.youtube.com/watch?v=wUeOzCEtOjM https://www.youtube.com/watch?v=VDcJbX4tp28 https://www.youtube.com/watch?v=kFSinqkil0o
We Were Watching It Go Up And Up And Up And Up And Up And Up… And Then It Just Started Coming Down
A report from USA Today. "'Prices would not have fallen if the Federal Reserve did not raise interest rates so aggressively,' says National Association of Realtors’ Chief Economist Lawrence Yun. 'One casualty of the Fed’s policy, aside from the regional…
I Thought I Would Be Just Fine As Long As I Could Get A Loan
A report from the New York Post. "The nation’s housing slump dragged on into January as home sales fell for the 12th consecutive month to the slowest pace in more than a dozen years. The median home price is down…
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…
It Didn’t Matter Whether You’re Priced At Yesterday’s Price Or Today’s Price, So Many Buyers Are Still Making Offers Much Lower Than Asking
It's Friday desk clearing time for this blogger. "A blazing-hot housing market has chilled in Northeast Colorado. 'We’re getting more creative,' said Wendy Jerman, Realtor at Town Square Realty in Sterling.. 'More agents are sending out email blasts about reduced…
Months Of Price Gains Erased
https://www.youtube.com/watch?v=_T--NNwgB3U https://www.youtube.com/watch?v=l7KAEU7t27w https://www.youtube.com/watch?v=q3dNsAkXnBo https://www.youtube.com/watch?v=5CgTdQzPXps
What Was Common Just Months Ago Is Now Passe
It's Friday desk clearing time for this blogger. "'I don’t believe it is rebalancing anymore,' said Tony Fink, a licensed agent in Raleigh. 'I think is is rebalanced, it has already occurred. It was not possible for us to sustain…