Defaults On The Rise, Buyers Can’t Close
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The Latest Sign That The Climate Of FOMO Has Swiftly Turned To Regret
A report from Reuters. "U.S. single-family homebuilding tumbled to a 2-1/2-year low in November and permits for future construction plunged. It put residential investment on track to contract for the seventh consecutive quarter, which would be the longest such stretch…
Homebuyers Struggle To Close
https://www.youtube.com/watch?v=486khoh53dU https://www.youtube.com/watch?v=nS4CcrBFYok https://www.youtube.com/watch?v=zXJaZkgt6F8 https://www.youtube.com/watch?v=SXK-IOTYgG4 https://www.youtube.com/watch?v=B0Kt5uISNHo
There Was A Shift Where People Stopped Thinking Prices Would Just Keep Rising
A report from the Herald Tribune in Florida. "'Sellers are listening more to their agents and being more realistic with asking prices,' noted Ellen O’Day, the managing broker for two of our Coldwell Banker Realty offices in Sarasota." The Los…
Home Prices CRATER In 11 Months
https://www.youtube.com/watch?v=SmrzQWt7Ji4 https://www.youtube.com/watch?v=TobZt7ZEtkg https://www.youtube.com/watch?v=6E5xId0Mr8M https://www.youtube.com/watch?v=ggNQjD1PG6s
If You Sign On That Dotted Line And Prices Have Declined, You’re On The Hook
A report from the Pueblo Chieftain in Colorado. "'There’s layoffs coming, I am sure,' said Randy Nobiensky, self-employed contractor with RH Builders. 'We are all connected, all in the same boat, and with the interest rates where they are. People…
Buyers Remorse And Cancelling Contracts Has Reached Epidemic Numbers
https://www.youtube.com/watch?v=HXLFdh80umI https://www.youtube.com/watch?v=_q73ZtosGDk https://www.youtube.com/watch?v=puAlVYclzF8 https://www.youtube.com/watch?v=IZsietlsuls
When People Were Looking To Sell At The Peak, The Decision Got Put Off, Now They’re Stuck In A Different Market
A report from The Chronicle in Washington. "From October to November, home prices fell 10.54% in Lewis County, dropping from $427,000 in October to $382,000 in November, compared to a monthly decrease of 3.63% in Pacific County, 5.62% in Cowlitz…
Homeowners Are Growing More Desperate As Foreclosure Notices Start To Arrive
https://www.youtube.com/watch?v=MHK0WldDGY8 https://www.youtube.com/watch?v=Vo5fIZB_6ZE
The Allure Of Easy Money Never Fades, Especially For Those Who Benefit The Most
A weekend topic starting with Business Insider. "Prepare for house prices to slump, unemployment to spike, and the US economy to slip into recession, Kenneth Rogoff has said. The Harvard University economist issued his dire outlook during a Fox Business…