Builders Are Drastically Reducing Prices
https://www.youtube.com/watch?v=gqFPhsO-2W0 https://www.youtube.com/watch?v=ZU5-YtaZ788 https://www.youtube.com/watch?v=txFUlbMUyrk
For Some, The Consequences Of Participating In That Bubble-Producing Market Frenzy Will Be Catastrophic
A report from the Los Angeles Times. "For the first time in a decade, Southern California homeowners, and those across the country, are seeing their equity fall en-masse. Justin Bragg and his wife stretched to buy a home in Boyle…
The OpenDoor Fire Sale
https://www.youtube.com/watch?v=cuEb0d_vMk0 https://www.youtube.com/watch?v=rnNjrD4mRCo https://www.youtube.com/watch?v=Iz91Ghculh0 https://www.youtube.com/watch?v=tuluEMmwe3A https://www.youtube.com/watch?v=fL8UsAix_qs
Why Do You Want To Buy Something That You Expect To Become Cheaper?
A weekend topic starting with the Atlantic. "This coming recession, if it does come, will largely be an artifact of policy, with a handful of unelected bureaucrats based in Washington choosing to increase unemployment and bankrupt businesses in order to…
Are We Going To See Fire Sales?
https://www.youtube.com/watch?v=mLCQyoQZbhw https://www.youtube.com/watch?v=hgk8vLdTmys https://www.youtube.com/watch?v=1bB9bco8ZAc https://www.youtube.com/watch?v=2FCkByxbWAY
What Worked In The Past Won’t Work Now
It's Friday desk clearing time for this blogger. "'I’ve felt a massive drop,' says Sabrina Must, who in the height of the pandemic could command more than $1,000 per night on a holiday weekend in Encinitas, California but now has…
The Housing Market Collapse
https://www.youtube.com/watch?v=gxrv_r0lA0Q https://www.youtube.com/watch?v=vQgXazz5jHQ https://www.youtube.com/watch?v=pDNf_22XpeY
Before Even Accepting An Offer Below Asking Price, Many Sellers Are First Finding They Are Having To Drop The Price To Attract Buyers
A report from KLAS in Nevada. "Housing prices continued to tumble in November, according to Las Vegas Realtors. Prices have nearly fallen to where they were a year ago — a median price of $420,000 in November 2021 — erasing…
Some Analysts Are Predicting The Market Will Come Roaring Back
https://www.youtube.com/watch?v=eViEgMlOGg8 https://www.youtube.com/watch?v=4CUCdt0b8b4 https://www.youtube.com/watch?v=lCctFwnSjMQ https://www.youtube.com/watch?v=kQ8Rnnkg7Jw https://www.youtube.com/watch?v=ziphPO7NlmE
Homebuilders Are Now Stuck With A Bunch Of New Houses That Are Hard To Sell
A report from Yahoo Money. "About 270,000 homebuyers who bought during the red-hot housing market this year already owe more than their house is worth, a new analysis found. Among the 450,000 underwater borrowers in the third quarter, nearly 60%…