Landlords Cutting Rents
Landlords Cutting Rents
Landlords are cutting the rents across the US Housing Market, particularly in sunbelt cities such as Phoenix, Nashville, and Austin.
Real estate investors bought in these cities during the pandemic at sky-high prices and now are struggling to rent their properties. In some cases, they are cutting face value rents by 15% and giving massive 3-month leasing concessions. Read more 
Real Estate Market worse than 2008
Real Estate Market worse than 2008?
Homebuyers are buying houses they can’t afford in 2023, a situation that will likely cause foreclosures to surge in the coming years.
With Fannie Mae reporting that the debt-to-income ratio in the Housing Market has hit an all-time high. Read more
Mortgage Market Drop
Mortgage Market Drop
Year over year mortgage applications dropped approximately 41%.
Yes, mortgage applications to buy a home, are down to a 28 year low! Read more
Home Sales Drop
Home Sales Drop
The National Association of Realtors reported today, that existing home sales drop for the 10th month in a row.
In November, existing home sales dropped to a two and a half year low. Read more
Housing Market – Boom to Bust
Housing Market – Boom to Bust
The year 2022 will be remembered as a big turnaround for the real estate market. After two unbelievable years of housing appreciation, where in many hot markets across the country homes appreciated in the low-to-mid 20% range, this year saw a 180-degree reversal.
This turnaround was surprising for the majority but for insiders who tracked these trends, it was inevitable. Read more
Housing Market Collapse
Housing Market Collapse
Informative video but I believe it’s way too optimistic on saying there’s just going to be a 20% real estate market drop.
When one considers how much the real estate market has gone up over the last two years, I believe we’re going to see somewhere between twenty to 40% drop in prices between now and the end of 2023. Read more
Real Estate Home Sales COLLAPSE
Real Estate Home Sales COLLAPSE
Just last week, the National Association of Realtors reported a 20% YoY Decline in Home Sales to the lowest level in a decade.
Another sign that the 2022 Housing Crash and Housing Recession is getting worse. The decline in Home Sales is reminiscent to what occurred at the start of the 2022 Housing Crash. Especially in Housing Markets like Las Vegas, Phoenix, and Los Angeles, where data from Redfin shows that both Sales and Prices are down significantly over the last 2 months. Read more
Home Sales Fall
Home Sales Fall
Pending home sales fall for fifth straight month
According to the National Association of Realtors (NAR), the group’s index that tracks the number of homes under contract to be sold fell 1.2% in March from the previous month and sank 8.2% from a year ago.
Read more
Selling Homes at a Loss
Selling Homes at a Loss in today’s market!
At first Zillow said they were going to discontinue their home buying program through the end of the year. Then, Zillow announced that they were discontinuing the program altogether, and some speculated that at least 25% of their workforce was going to be terminated. They also announced that they would be selling off their inventory of approximately 7000 homes. Read more
7,000 Homes for Sale
7,000 Homes for Sale – Zillow to Sell for $2.8 Billion
Zillow is said to be seeking roughly $2.8 billion for about 7,000 houses it owns in it’s house flipping operations. Read more