irvinehomeowner
Well-known member
Columbus Ohio?
It snows there... nah.
It snows there... nah.
Arizona Real Estate (Bubble)
- Thread starter Liar Loan
- Start date
NEW -> Contingent Buyer Assistance Program
I tried to warn poor Sleepy... AMD dropped a cool 40% in the months after this conversation.
And this morning we get more horrible news from another chip behemoth:
www.theverge.com
Real estate analyst Nick Gerli, the CEO of Reventure App, warned of a potential incoming crash, as home prices are down 6.9 percent from their peak in June 2022.
"This market is trending down, and trending down fast," Gerli said in a recent YouTube video.
"Phoenix is already starting to experience a housing market correction," Gerli said in the YouTube video. "However, this correction is going to accelerate over the next 12 months due to a massive pileup of inventory and supply on the market that is now causing sellers to freak out."
"The reason the Phoenix market is nose-diving is because we're seeing a sell-off like we haven't seen since the 2008 crash. That was the last time in Phoenix that we saw this many sellers starting to come to market," Gerli said.
A home in Laveen, eight miles from the center of Phoenix, that sold for $431,000 in September 2022 (above the listed price of $415,000) is now in foreclosure and is being auctioned off with an estimated value of $289,500.
According to Gerli, home prices are 18 percent overvalued in Phoenix today compared to the long-term road. "So that's a good barometer of how much prices could correct," he wrote on X.
The Motor Court Company
Well-known member
ibuyers are dropping price 2% every 14 days in PHX? wow.
Liar Loan
Well-known member
LL predicting pain in chips?
Now it all makes sense.
I tried to warn poor Sleepy... AMD dropped a cool 40% in the months after this conversation.
And this morning we get more horrible news from another chip behemoth:
Samsung loses billions on chips as overall profits decline 95 percent
Weak demand meant the world’s largest memory chipmaker saw a $3.4 billion loss from its semiconductor business.
A few different factors contributed to Samsung’s losses at its memory chip division. Smartphone and PC makers stockpiled chips during the pandemic as a hedge against supply issues as demand boomed, but have since been left with large inventory excesses as consumer demand has dropped off amidst high inflation and broader global economic uncertainties.
Samsung loses billions on chips as overall profits decline 95 percent
But smartphone performance was better.
www.theverge.com
Liar Loan
Well-known member
Phoenix Housing Market Faces 'Mass Sell-off' as Home Values Plunge
Real estate analyst Nick Gerli, the CEO of Reventure App, warned of a potential incoming crash, as home prices are down 6.9 percent from their peak in June 2022.
"This market is trending down, and trending down fast," Gerli said in a recent YouTube video.
"Phoenix is already starting to experience a housing market correction," Gerli said in the YouTube video. "However, this correction is going to accelerate over the next 12 months due to a massive pileup of inventory and supply on the market that is now causing sellers to freak out."
"The reason the Phoenix market is nose-diving is because we're seeing a sell-off like we haven't seen since the 2008 crash. That was the last time in Phoenix that we saw this many sellers starting to come to market," Gerli said.
A home in Laveen, eight miles from the center of Phoenix, that sold for $431,000 in September 2022 (above the listed price of $415,000) is now in foreclosure and is being auctioned off with an estimated value of $289,500.
According to Gerli, home prices are 18 percent overvalued in Phoenix today compared to the long-term road. "So that's a good barometer of how much prices could correct," he wrote on X.
