|Mark Passio | Oct 31, 2018|
This presentation, Duress, Dissidents & Deadly Force, was originally given by Mark Passio in Glendale, AZ on March 10, 2018 as part of the Truth, Mind Reality Conference.
|Mark Passio | Oct 31, 2018|
The number of new and existing houses and condominiums sold during the month plummeted nearly 18 percent compared with September 2017, according to CoreLogic. That was the slowest September pace since 2007, when the national housing and mortgage crisis was hitting.Those numbers are staggering.
Sales have been falling on an annual basis for much of this year, but this was the biggest annual drop for any month in almost eight years. It was also more than twice the annual drop seen in August.
Sales of newly built homes are suffering more than sales of existing homes, likely because fewer are being built compared with historical production levels. Newly built homes also come at a price premium. Sales of newly built homes were 47 percent below the September average dating back to 1988, while sales of existing homes were 22 percent below their long-term average.At one time, San Diego County was a blazing hot real estate market, but now the market has turned completely around.
A combination of rapid mortgage rate increases and decreased affordability, San Diego County home sales collapsed 17.5% to the lowest level in 11 years last month, in the first meaningful sign that one of the country’s hottest real estate markets could be at a turning point, real estate tracker CoreLogic reported Tuesday.And it can be argued that things are plunging even more rapidly in northern California.
In September, 2,942 homes were sold in the county, down from 3,568 sales last year. This was the lowest number of sales for the month since the start of the financial crisis when 2,152 sold in September 2007.
Home sales in the San Francisco Bay area have been falling for months, but in September buyers pulled back in an even bigger way.If a new real estate crisis is really happening, these are precisely the kinds of numbers that we would expect to see. If you still need some more convincing, here are even more distressing numbers from the California real estate market that Mish Shedlock recently shared…
Sales of both new and existing homes plunged nearly 19 percent compared with September 2017, according to CoreLogic. It marked the slowest September sales pace since 2007 and twice the annual drop seen in August.
New York City’s pricey real estate has become a “buyers market,” new data suggests, characterized by lowball offers and a rise in the number of properties staying on the market for longer.In the final analysis, it is no mystery how we got to this point.
The latest figures from Warburg Realty show that among higher-priced homes, New York City is in the throes of a “major shift” that reflects a cooling market, the likes of which hasn’t been seen in almost a decade.
“Offers 20 percent and 25 percent below asking prices began to flow in, a phenomenon last seen in 2009,” wrote Warburg Realty founder and CEO Frederick W. Peters in the report, which surveys real estate conditions around the city.
"My belief about the cholesterol sceptics is that they are a bit like religious fundamentalists," said Neely. "They are not open to argument. Whatever argument you present, they will find another argument because this basically defines who they are."What guile! Scientists and journalists who are digging into the studies with a critical eye and pointing out their shortfalls are accused of not looking at the evidence while the old boys club sticking to the outdated orthodoxy are the ones who are 'open to counter-arguments'. Welcome to bizarro world.
|The Duran | Apr 6, 2018|