Urf… Meanwhile: Yesterday on BloodhoundBlog:
Brian Brady: October 2020 Mortgage Rates Report: Cheeseburgers can only get so cheap.
Greg Swann: Listing Clinic: How I list and sell for top dollar in under seven days-on-market.
And in the rest of the world:
Redfin: U.S. Home Prices Up 15%, Largest Growth Since at Least 2005. CTRL-F ‘riot’; not found. How could a brokerage based in Seattle be expected to know anything about the impact of rioting on real estate?
CNBC: Red-hot home prices have more consumers saying now is a bad time to buy. CTRL-F ‘riot’; not found. Are buyers waiting out the post-election riots?
Redfin: 6.5% More Americans Looked to Relocate to Red and Swing Counties than to Blue Counties in the Spring. CTRL-F ‘riot’; not found. Well, at least we know for sure it’s not because of the rioting Redfin never seems to discuss.
CNBC: Empty rental apartments in Manhattan triple, nearly hitting 16,000. CTRL-F ‘riot’; not found. What’s bleeding all the fun out of Fun City, do you suppose?
Housing Wire: Average U.S. mortgage rate drops to 2.87%.
CNBC: Coronavirus mortgage bailouts fall below 3 million in pandemic’s sharpest decline.
Forbes: Despite Option To Pause Payments, 400,000 Homeowners Fall Behind On Their Mortgage. Not sure if this is connected: Can we look forward to a wave of ‘buy and bail’ foreclosures in Ant-abandoned cities?
Yahoo Finance: Opendoor and other iBuyers’ sales stall despite hot housing market. Very fun article on the scaled cluelessness of buying for resale against the market. The bigger fun doesn’t start until they get to sell that way – for years on end.
Bloomberg: Inside a California Covid Revolt.
Fox Business: Cities are losing police chiefs and struggling to hire new ones. The RiotScore™ of Chiefs of Police: 1. Chief is old school, by-the-book, deep roots in the community: Great. 2. Old respected chief has been replaced by younger out-of-town hire who checks two or more “intersectional” boxes: Bad. 3. That new chief has been replaced by an undisguised political operative: Get out NOW!
City Journal: Bonus Army: Pay workers for finding a job, not for staying unemployed.
City Journal: New York’s Dynamism Will Triumph.