New Wave Of Price Drops?
https://www.youtube.com/watch?v=BuXOfLnkCUw https://www.youtube.com/watch?v=swC2DSDYeMo https://www.youtube.com/watch?v=c1Hktty9Yts https://www.youtube.com/watch?v=J8N5hBOUg-8 https://www.youtube.com/watch?v=dh2bFzDPhIc
The Frantic Pace Of Activity Seemed To Evaporate Overnight
A report from the Post Independent in Colorado. "Bryan Snow and his family moved to the Roaring Fork Valley from Denver after his wife got a job in Basalt. They found a house between Carbondale and Iron Bridge. He said…
If A House Is Old, Rundown And Small, We Say It’s Cozy And Has Lots Of Character
A weekend topic starting with the Tribune in California. "Convicted fraudster and former Atascadero Citizen of the Year Kelly Gearhart was released from federal prison Wednesday. Gearhart, a former real estate developer in San Luis Obispo County, pleaded guilty to…
People And Companies Have Never Been So Leveraged
A report from Verify. "In the summer of 2021, the market started to slow down. However, Zillow Offers according to Mike DelPrete didn’t slow down with the market. 'What happened is they ended up buying a lot of houses and…
Demand From Ordinary Buyers Is Subdued, No Matter What The Media Might Be Telling You
A report from Bloomberg. "No city exemplifies the mania of the Covid-era U.S. housing market better than Boise, Idaho. But in a sudden reversal, buyers are now the ones with power. Asking prices for houses are being slashed. Demand has…
The Perception That It’s A Good Investment Makes It A Good Investment
A weekend topic starting with the Northwest Florida Daily News. "The Crestview-Fort Walton Beach-Destin metropolitan area saw a massive increase in permits for new single-family homes in the past year. Alan Baggett, VP of The Building Industry Association of Okaloosa…
A Striking Resemblance To Japan In The Late 1980s
A weekend topic starting with the Globe and Mail. "China’s housing woes have been exposed by the liquidity crisis at Evergrande. The collapse of the company is not being ruled out as Beijing cracks down on the excessive leverage that…
The Main Mechanism For Wealth-Building Goes Into Reverse
It' Friday desk clearing time for this blogger. "A price chop this big might cast some doubts on the world’s tallest residential tower. Gary Barnett’s Extell Development has sold a sponsor unit at its Central Park Tower at 217 West…
People Are Having To Get A Little More Realistic About Their Pricing
A report from the Washington Post. "Q: When we bought our house nearly 27 years ago, we wondered if we were overpaying. It was the mid-1990s, and houses in our neighborhoods of choice were in extremely short supply. The math…
A Lot Of Overpriced Homes On The Market And They Are Sitting
It's Friday desk clearing time for this blogger. "The September Realtor.com report stated: 'August [2021] housing data shows early signs of sellers beginning to compete for buyers … As inventory and new listings continued to improve in August, the rate…