Great insight from you and your two guests, thank you!
I am in agreement for CO yet so many agents and investors disagree right now even though almost everything they push doesn't cash flow if using 30yr debt.
Have you heard of First American/ACI being hacked. I’m an appraiser (since 2002) and Realtor. This is bigger news than Mr. cooper and NO ONE is reporting on it. People’s lives are crumbling. Loans are being held up, closings delayed, lots more and NO ONE is reporting on it.
From what I hear, First American was able to recover part of their platform with help from the FBI. However, ACI is still down. Appraisers are pulling their hair out. I’m sure Realtors and closing attorneys are also. This is news! And will have a big impact.
Also FYI- I was of your current view in 05/06 and have stories to tell. I’ll help with my market giving any stats you want. I’m licensed in Birginia and Florida (PSL is my current residence). My email is a_todaro@msn.com if I can help in any way. I’d love it.
Melody, I’m not too savvy with Substack. This was the only thread I found to post on.
I just watched a good YouTube I thought you’d like. I’m an appraiser since ‘02 and watched the dive. I watched the Implode-O-Meter from the first broker. Thought you’d like this interview and could expand on it.
Hi there - yes, I've been reporting on it on xTwitter. I did a special YT on Mr. Cooper...it's a really big deal and it's unbelievable more people aren't reporting on it
And FirstAm provides so many ancillary services. I heard DataTree was also still down. Keep me posted on anything you hear as well: m3melodymarketupdate@gmail.com
Thanks Melody and for your wonderful guests that contributed with their insights. I really appreciate your honest opinion of the markets and boots-on-the-ground intel!
In your interview with Adam Taggart you mentioned discrepancies with seller online listings. For example in the DMV market, there’s a house for sale in Alexandria, VA for $995K (link below). However it’s the 3rd time this year this house is for sale. Why don’t prior listings show the asking prices? Is it because sellers don’t want buyers to know prior asking values?
Thank you so much for reading and the kind words. There is all kinds of shenanigans that go on so people can fake it until they make it. And, each of the listing sites has their own "tactics" to fuzzy the picture. But, yes, they don't want the reality of the situation to be apparent. Otherwise, they would disclose their data techniques which is how days on market are calculated for instance. It all boils down to the fact we have to be suspicious of all the data aggregators.
For the first time I can remember I am getting Buy Now Pay Later and Vendor Financing offers for product ranging from iqAir Purifiers and The Company Store. Seems the party is ending but many want to keep dancing. Hangovers are necessary.
I just mentioned that to my wife as I was shopping for XMAS. It used (at least to me) to be Fingerhut, QVC type retailers were the ones that extended that type of credit but as I shopped this year. It seem like EVERYTHING had that option.
Great insight from you and your two guests, thank you!
I am in agreement for CO yet so many agents and investors disagree right now even though almost everything they push doesn't cash flow if using 30yr debt.
I’m putting this here since it’s your latest.
Have you heard of First American/ACI being hacked. I’m an appraiser (since 2002) and Realtor. This is bigger news than Mr. cooper and NO ONE is reporting on it. People’s lives are crumbling. Loans are being held up, closings delayed, lots more and NO ONE is reporting on it.
From what I hear, First American was able to recover part of their platform with help from the FBI. However, ACI is still down. Appraisers are pulling their hair out. I’m sure Realtors and closing attorneys are also. This is news! And will have a big impact.
Also FYI- I was of your current view in 05/06 and have stories to tell. I’ll help with my market giving any stats you want. I’m licensed in Birginia and Florida (PSL is my current residence). My email is a_todaro@msn.com if I can help in any way. I’d love it.
That's amazing. Thank you so much!
Melody, I’m not too savvy with Substack. This was the only thread I found to post on.
I just watched a good YouTube I thought you’d like. I’m an appraiser since ‘02 and watched the dive. I watched the Implode-O-Meter from the first broker. Thought you’d like this interview and could expand on it.
https://youtu.be/idWNEM_Oxds?si=e-0JNo_w7JbrNjo2
Hi there - yes, I've been reporting on it on xTwitter. I did a special YT on Mr. Cooper...it's a really big deal and it's unbelievable more people aren't reporting on it
And FirstAm provides so many ancillary services. I heard DataTree was also still down. Keep me posted on anything you hear as well: m3melodymarketupdate@gmail.com
Thanks Melody and for your wonderful guests that contributed with their insights. I really appreciate your honest opinion of the markets and boots-on-the-ground intel!
In your interview with Adam Taggart you mentioned discrepancies with seller online listings. For example in the DMV market, there’s a house for sale in Alexandria, VA for $995K (link below). However it’s the 3rd time this year this house is for sale. Why don’t prior listings show the asking prices? Is it because sellers don’t want buyers to know prior asking values?
https://www.redfin.com/VA/Alexandria/713-Carpenter-Rd-22314/home/11878127
Thank you so much for reading and the kind words. There is all kinds of shenanigans that go on so people can fake it until they make it. And, each of the listing sites has their own "tactics" to fuzzy the picture. But, yes, they don't want the reality of the situation to be apparent. Otherwise, they would disclose their data techniques which is how days on market are calculated for instance. It all boils down to the fact we have to be suspicious of all the data aggregators.
Hi Melody. Who ARE these last-minute STR investors piling into over-saturated markets? What on earth is convincing them to take the plunge?
YouTubers and realtors unfortunately...I do not understand it
When does the denver report come out? So eager, keep it up!!!
For the first time I can remember I am getting Buy Now Pay Later and Vendor Financing offers for product ranging from iqAir Purifiers and The Company Store. Seems the party is ending but many want to keep dancing. Hangovers are necessary.
I just mentioned that to my wife as I was shopping for XMAS. It used (at least to me) to be Fingerhut, QVC type retailers were the ones that extended that type of credit but as I shopped this year. It seem like EVERYTHING had that option.
Thank you for reading!