Banks Have a Big Real Estate Problem But It’s Commercial, Not Residential – MishTalk

Banks Have a Big Real Estate Problem But It’s Commercial, Not Residential – MishTalk

Forget about bank doom loop stories over residential mortgages. Instead put the spotlight where it belongs.

Not Residential!

A reader asked me to comment on Peter Schiff: Banks Have a Bigger Real Estate Problem Today Than They Did in 2007.

Banks are more vulnerable to the housing market now than they were in 2007.

Most people in the mainstream will scoff at that statement. They’ll tell you that the situation is very different today. After all, we don’t have a big problem in the subprime mortgage market. We’re not seeing a big spike in defaults. That’s true. The problem is different this time. And it’s actually worse.

So, what’s the problem?

As Peter Schiff explained in a recent podcast, the problem this time is the mortgages themselves.

As Peter points out, a 3% mortgage is a huge asset for the borrower. But it’s a huge liability for the lender. So,

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On the other hand, buying commercial land in a property …

Residential House Values

For off-market homes, the Redfin Estimate will be within 6.43% of the eventual sales price half the time. The Redfin Estimate is more accurate for homes that are for sale because there is more data available about those homes. Bankrate’s tool utilizes six different prediction sub-models, blended together using machine learning to provide a single, unbiased estimate of your home’s likely market value. We use dynamic search criteria to select a set of comparable properties, assigning a score to each one based on its similarity to your home. Our models utilize the latest technology to leverage large amounts of data, including analyzing comparable properties; adjusting price based on features; and adjusting for tax assessment values. We can see that home sales in the state have slowed down from 2021.

home values

We do not offer financial advice, advisory or brokerage services, nor do we recommend or advise individuals or to buy or …

Below average sales in October for residential real estate market: Association of Interior Realtors

Below average sales in October for residential real estate market: Association of Interior Realtors

Residential real estate market sales are below average for October as high interest rates continue to dampen market activity, reports the Association of Interior REALTORS® (the Association).

A total of 977 residential unit sales were recorded across the Association region in October marking a slight increase over September’s 977 units sold and representing a modest 1.8% decrease in sales compared to October 2022.

New residential listings increased 8.6% compared to October 2022 with 1,971 new listings recorded. The total number of active listings saw an increase of 17.1% of total inventory compared to October last year with 7,399 recorded across the Association region. The highest percentage increase in active listings continues to be in the South Okanagan with a total increase of 37.7% and followed closely behind in the North Okanagan with a 26.6% increase in active listings compared to the same month last year.

“While we typically do see

Residential House Values

You’re not too proud to apologize when you know you’re in the wrong. If growth is one of your core values, you look for opportunities to grow as a person and to help others grow, too. For example, if one of your top values in life is courage, you’ll likely seek out new challenges so you can act in spite of the fear that comes when you’re faced with the possibility of failure or rejection. Check to see if your price history and property details are correct on homes.co.nz. Depending on the area in which you live, this can be a big factor in your HomesEstimate. This is the percentage of transactions in a region for which the HomesEstimate fell within 20% of the subsequent sales price.

  • We’re well into the spring home-buying season, but activity remains limp, thanks to persistently high housing costs keeping frustrated shoppers on the sidelines.