Pending Home Collapse By 10% Year over Year In The West

Welcome back readers, after cleaning out our database from the trash the Russian hackers spammed us with we are back to writing! As we pick up, the worrying trends in the housing markets continue on their downward slope, this time in the pending home sales numbers. Pending home sales declined in August, dropping 1.8% month over month and fell 2.5% year over year. This decline was almost four times worse than expected showing the surprising weakness in home sales in the market that economists continue to miss. Home sales fell its lowest level since Oct 2014. This is the fourth month… Read morePending Home Collapse By 10% Year over Year In The West

The Mainstream Media is Slowly Coming on Board with Our Predictions: Denver Real Estate Slowdown

The mainstream media is slowing coming on board with our predictions that we have been making since starting this blog at the beginning of the year. In the Denver Post last week, an article called “Chill taking hold in metro Denver’s housing market” talked about the how buyers are pulling back from the housing market. The inventory of single-family homes and condominiums in August continued their monthly streak of rising. It increased almost 8% from July ’18 and up 12% from last year. In typically years this inventory is steady from July to August. This month it set of record… Read moreThe Mainstream Media is Slowly Coming on Board with Our Predictions: Denver Real Estate Slowdown