Overnight News: Wanted: Real estate reporter who can tell the truth about riot-wracked residential markets.

Here’s a true fact of reality: If people moving from riot-ravaged cities have soaked up all the vacancy in suburbs near and far, that implies there is a huge amount of languishing vacancy back in those boarded-up burgs. Vacancy means spiraling price cuts and expired and withdrawn listings.

Redfin doesn’t want to talk about that. That’s their business, and it’s understood that their “news” is PR, happy babble meant to motivate their perpetually-fearful clientele.

Even so, this is fun:

“While life in the city has changed during the pandemic, with empty sidewalks and boarded-up storefronts becoming the norm, some buyers are looking long-term and realizing it’s possible to buy a condo for a 2017 price without competition,” said Jessie Culbert Boucher, a Redfin real estate agent in Seattle. “If they hold onto it for five years, they’ll likely ride out the current downturn, make money and enjoy the return of vibrant city life.”

“It’s just a gully that’s all. Just nerves.” – The Big Short.

Testimony is always unreliable, and yet the truth is always there to be dug out. If you’re buying at the 2017 price without compeition, offer the 2016 price. Will it be possible to buy at the 2014 price in a few months? If way better housing is now discounted by three years’ of appreciation, how is way worse doing? My read is that whole neighborhoods in Seattle will be constructively abandoned soon. I do love the forward-looking statement, though. That can’t result in lawsuits from people relying on widely-publicized uniformed advice.

Redfin: Home Searches in Cities Up 200% From Last Year, Reflecting Renewed Interest in Urban Areas After Pandemic-Driven Drop.

Housing Wire: 2021 housing market forecast: It’s about politics, not economics.

Jason Rantz: Oregon Tougher on Thanksgiving Families than Antifa Terrorists.

Jeffrey Tucker: The Blizzard of Bogus Journalism on Covid.

Sharyl Atkisson: How The New York Times Became A Propaganda Bullhorn For The Left.

American Thinker: To Restore Election Integrity, End Mail-In Vote Fraud.

The Federalist: 5 More Ways Joe Biden Magically Outperformed Election Norms.

Michael Walsh: President Trump, Explain to the American People That Survival of the Republic Is at Stake.

The Federalist: Why AOC’s Ideas About Fertility Will Lead To Heartache. If you sell houses and you don’t love kids and dogs, go do something else. You’re missing the point of this business.

City Journal: Hope for a Normal Future: Vaccine news offers optimism.