Another 20% MoM drop in the market?
According to february publicly-available local realtor/MLS reports, the existing home sales ran at a seasonally adjusted annual rate of 4.51 million, which is up 12.75%...
New Construction Starts and Permits increased by 15% in November, both on MoM and YoY basis
Housing starts surged in November, defying expectations. The Census Bureau reported a seasonally adjusted annual rate of 1.56 million starts, a stunning 14.8% jump from...
Weekly Economy & Market News #1
Great news for the housing market! According to the National Association of REALTORS®, existing-home sales saw a 14.5% increase in February, putting an end to...
No, the market is not going to go bust
As we move into 2023, the end of the foreclosure moratoriums, coupled with the expiration of a large number of forbearance plans, will likely lead...
Weekly Economy & Market News #0
Today, the most significant event impacting the housing market is the collapse of Silicon Valley Bank (SVB), despite the release of a wealth of anticipated...
Using Bitcoin as a mortgage collateral? You may want to think twice
In recent years, bitcoin and other cryptocurrencies have gained popularity as an investment and a means of exchange. While cryptocurrencies are still not widely accepted...
+40% Markup after purchase? Why Not!
Sold for $400k on 2/14, goes back to market again 3 months later for $549k. And it doesn’t really look like it had any major...
Weekly price drops in NYC
Jamaica, Queens – right next to JFK airport. Maybe not the fanciest neighbourhood, so should take with a grain of salt. Good to see they...
Active vacation rentals in the Seattle Metropolitan Area
This is a different aspect of the housing crisis… There’s high house purchase prices and there’s the potential effect on current supply due to growth...
This is what a 1M house looks like in Los Angeles
https://www.zillow.com/homedetails/3256-S-Sherbourne-Dr-Los-Angeles-CA-90034/20495867_zpid/ Built in 1940, located in Culver City. It’s on Zillow since a few days, let’s see what happens in the next few weeks....