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…
Cut Off From The Easy Money That Fueled The Boom, Many Began Floundering Under Accumulated Debts
A report from the Seattle Times in Washington. "Late last year, sales of luxury homes in the Seattle area dropped more than 50% from a year earlier, according to a Redfin report that defined luxury homes as those in the…
Still In The Grips Of The Planner’s Conceit
A report from Yahoo Finance. "Goldman Sachs is out with a new note revealing that of the largest 25 metro areas nationwide, four of them, Austin, Seattle, San Francisco, and Phoenix-- you're looking at them on your screen there-- have…
We Hear The Words But No Longer Hear The Music
A report from KXTV in California. "'These homes we're in now... when they went up originally in 2018 just before the pandemic, they were running anywhere from high $300,000 to low $400,000,' realtor Dana Harward explained as she drove around…
Don’t Catch A Falling Knife
https://www.youtube.com/watch?v=hs5N8ByRS5Y https://www.youtube.com/watch?v=jWYS1i0PE3M https://www.youtube.com/watch?v=f6MvGm6zmW4 https://www.youtube.com/watch?v=5Bo5-U1vO6g https://www.youtube.com/watch?v=mtdrSDRjtL0
Buyers And Sellers Are Getting Used To A New Reality And They Are Leaving The Craziness Behind
A report from the Sun Sentinel. "Businesses tied to the real estate industry say they’ve started to feel the effects of the housing market slowing down in South Florida. 'It’s a ghost town,' says Bruce Gubnitsky, the owner of BG…
Sellers Are Having A Tough Time Accepting The New Prices
https://www.youtube.com/watch?v=oPLqyctxYTA https://www.youtube.com/watch?v=PYBgPJj4cz4 https://www.youtube.com/watch?v=DTdAKJVLjbo https://www.youtube.com/watch?v=dEqskFfrr-A
The False Sense That Real Estate Is A Readily Liquid Asset
It's Friday desk clearing time for this blogger. "Whenever the housing market slows significantly, layoffs in the mortgage industry follow. And that’s what happened Tuesday at Radian Group Inc., a Wayne firm that sells mortgage insurance and provides other services…
Investor Mania Has Been Replaced By Investor Panic
A report from CNBC. "'It is definitely a hard landing for housing,' said one homebuilder in the Denver area. 'There's this cliff that's happening in January,' said Gene Myers, CEO of Thrive Homebuilders in the Denver area. He predicted that…
It Is Not The Time For Panic
https://www.youtube.com/watch?v=gKPpm-Xb7ew https://www.youtube.com/watch?v=N-qrDgNzj_0 https://www.youtube.com/watch?v=pJc8M3JK9vI https://www.youtube.com/watch?v=MZ0uR_7Qq-I https://www.youtube.com/watch?v=5cpT7Xu2jT8 https://www.youtube.com/watch?v=1b46gDCqBis https://www.youtube.com/watch?v=l2ZJRhyD4jQ https://www.youtube.com/watch?v=OdAFo36RYxE