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Another $100K drop and it might go pending. Keep us posted

Monday, Jul 18, 2022 - 07:20 AM Oil prices jumped on July 18 as the U.S. dollar softened and after President Joe Biden wrapped up his trip to Saudi Arabia, failing to secure a pledge from the Middle Eastern country to boost crude output...

Remember me when you do. I'll run with you! After 40 years in the same business as a sole proprietor around the Los Angeles area I'm ready for a career change.

Clowns to the left, Jokers to the right.

Thanks! Must of been one of Hell of an experience to go through!

Just wait for our Fed to raise rates again next week. Right now our Fed is the EU's biggest threat and If they think inflation is bad now, they have'nt seen anything yet. When our economy slows down & the US isn't supplying anymore USDs........you know what that means. Have you seen what some...

Banks runs starting in China at the same time...

Bank run contagion to “sweep across China” https://fortune.com/2022/07/12/bank-protest-china-henan-zhengzhou-violent-evergrande-debt-banking-crisis/ https://www.asiamarkets.com/chinese-banks-run/ Crazy times

Latest analysis from Redfin says home sales cancellations for June 2022 were the highest on record. "Nationwide, roughly 60,000 home-purchase agreements fell through in June, equal to 14.9% of homes that went under contract that month. That’s the highest percentage on record with the exception...

The big Hedge Funds can play this RE market it several ways. They come in outbiding high on the buy side for properties which then positions them to use derivatives as a hedging tool to go short on the properties they own to the downside. They'll make money on the spreads no matter what their...

Job losses would be a added problem but we don't need job losses to cause disruptions. The 9.1% CPI read today was the biggest YoY increase since 1981. Also in the print was real hourly earnings which is now flirting with the -4% area. .........Consumers are getting squeezed further with...

Code words for Inflation has not peaked. Text book "Damned if they do, damned if they don't" At least Manchin gets it.

Yup!

People are f'n crazy. And I'd bet large they've never heard of a stop Loss order. Like dear in the headlights.

Another relentlessly hot June CPI number out this morning. YOY 9.1% vs. 8.8% estimate. Market is now pricing a 79% chance of a 75 basis point rate hike in September on top of the 75 basis point rate hike for July. Staying defensive in cash. Crazy times!

Current 120 day California Foreclosure, etc., update for 7-12-2022: 1) Foreclosure's have climbed from 13,658 to 16,247 2) Active Residential Inventory has climbed from 41,568 to 55,361 3) For Sale Inventory has climbed from 27,910 to 39,114 4) Recently Sold Properties has dropped from...