If Home Buying Were Honest
https://www.youtube.com/watch?v=xWqiE5GY4LI https://www.youtube.com/watch?v=mgODew-Iwog https://www.youtube.com/watch?v=Y-i7cawhw8s
Now The Whole Industry Is Panicking
A report from CNBC. "'I think over the next quarter or two there will be some price discovery as we match up mortgage payments with pricing,' said Doug Bauer, CEO of Tri Pointe Homes. 'The consumer, really, it was mid-June…
We’re Giving Away Our House At This Price
A report from the Everette Daily Herald in Washington. "Active listings in Snohomish County more than doubled in May to 1,182, up from 500 a year ago. Sam Mansour, a broker with John L. Scott Lynnwood, said more sellers put…
For Several Decades, We Have Traded Houses Among Ourselves At Ever-Increasing Prices In The Belief That We Were Creating Prosperity
It's Friday desk clearing time for this blogger. "The fact some major forecasters now foresee sustained price declines — something that hasn't happened in more than a decade — underscores just how quickly the housing market is changing. 'It's noteworthy,'…
Those Who Overstretched To Go All-In Could Soon Be Feeling Burned
A report from Fortune. "The regional housing markets seeing the most price cuts are in the very places that soared the most during the pandemic. As that pandemic housing boom fizzled out last month, things shifted quickly in Provo. In…
A Lot Of These Sellers Are Not Accepting The Reality Of What’s Happening
It's Friday desk clearing time for this blogger. "Already recent housing-market data has shown the massive effect the surge in rates has had on home buyers. 'The pandemic boom in home sales is over, and activity is back at pre-pandemic…
There’s Going To Be A Drop In Their Expectations
It' Friday desk clearing time for this blogger. "Homebuyer demand softened further over the last several weeks, according to Redfin. 'Buyers are becoming more discerning. They’re less willing to overpay because now they’re only facing three or four competitive offers…
The Era Of Blind Property Worship Is Nearing An End
It's Friday desk clearing time for this blogger. "The number of single-family home sales has declined for three consecutive months. Tim Warren, CEO of The Warren Group, said the single' biggest reason for the slide is that the typical price…
Moving The Terms Of The Loans To Places Where It Might Not Be Tolerable For Borrowers
A report from the Wall Street Journal. "A government effort to give Americans a break on their mortgage payments during the coronavirus pandemic hasn’t provided the relief many homeowners were hoping for. The stimulus package that Congress passed in March…
Making Big Bets On Higher-Priced Homes A Poor Choice
A report from the Wall Street Journal. "In mid-November, bond investors got an unwelcome surprise from one of the main ratings firms in a hot corner of the bond market: About 25% of the bonds that it had rated were…