“GREGTHEEREALTOR”®️

Insta - ItsTheeGreg | Bay Area Realtor | Making gains 💪🏾 | You Have Questions? I Have Answers ! | DRE 02030416 | eXp realty

[Whale Insider @WhaleInsider]

JUST IN: $7.64 billion in crypto long positions set to be liquidated if $BTC price falls by $5,000 from current level.

[Whale Insider @WhaleInsider]

JUST IN: $253,000,000 in crypto long positions liquidated in the past 24 hours.

[Nick Gerli @nickgerli1]

Why has the housing market been frozen since 2022?

Because the cost to buy a house with a mortgage (green) vaulted way above the a) cost to rent and b) the mortgage cost for existing owners.

The net result is that few people have a financial incentive to move. Cheaper to stay renting, cheaper to stay in current house/mortgage.

But - one interesting trend we are beginning to notice is the mortgage payment for existing owners (orange) is now growing faster than rent.

This is reversed from the post-pandemic period. Where sub-3% mortgages and still cheap taxes/insurance made for a very low cost to own for existing mortgage holders.

Now - taxes and insurance are up, and more of the mortgaged population is holding a 6%+ rate. So the costs for existing mortgage holders are rising.

This likely means we'll see more existing owners elect to sell in 2026, as it becomes less profitable for the average homeowner to rent out their house. And more profitable to cash out on your equity, sell, and rent for a bit until market corrects.

Translation: expect more for sale inventory, and more downward price pressure in the for sale market.

[HOUSE PORN @HOUSEPORN___]

Modern penthouse.

[Whale Insider @WhaleInsider]

JUST IN: BlackRock sells $199.9 million worth of $ETH.

[HOUSE PORN @HOUSEPORN___]

Need this.

[Whale Insider @WhaleInsider]

JUST IN: BlackRock buys 1,136 Bitcoin worth $126.25 million.

[JSleeprStats @JSleeprStats]

3Q Cash✅

[HOUSE PORN @HOUSEPORN___]

Dream home interior.

[HOUSE PORN @HOUSEPORN___]

Loft apartment.

[Ian Jaeger @IanJaeger29]

BREAKING: Elon Musk says he supports ending all Property Taxes in America.

Do it.

[ESPN @espn]

BREAKING: The Dallas Mavericks are trading Luka Doncic, Maxi Kleber and Markieff Morris to the Los Angeles Lakers for Anthony Davis, Max Christie and a 2029 first-round pick, sources tell @ShamsCharania. Three-team deal that includes Utah.

[Financelot @FinanceLancelot]

I don't think people fully understand what's about to happen.

[Nick Gerli @nickgerli1]

Mortgage demand is down 50% from the same week in 2019.

No post-election bounce.

Sellers better start cutting prices or else it's going to be a long winter.

[Darth Powell @VladTheInflator]

Redfin: new listings rising with pending sales falling

[Wealth Squad Chris @Chrissssjohnson]

The great Bitcoin finesse

[Collin Rugg @CollinRugg]

NEW: A $16 million mansion is on the verge of falling off a cliff into the ocean in Dana Point, California.

Two other homes, priced at $12.8million and $13 million, are in danger of falling off the cliff as well.

The situation took a turn for the worse last week when heavy rains caused a landslide, resulting in a large part of the cliff breaking off onto the beach below.

City Manager Mike Killebrew says no structures are jeopardized at the moment and the residents have *not* been told to evacuate yet.

Residents have been told however to be on the lookout as a future storm could send the homes into the ocean.

[Nick Gerli @nickgerli1]

Mortgage applications drop to start 2024. 📉

With homebuyer demand now down 47% from pre-pandemic levels.

And lingering at the lowest level since the mid-1990s.

Source: Mortgage Bankers Association

[Darth Powell @VladTheInflator]

Rate hiking ends
Rate reductions begin (because the Fed see economy collapsing)
Prices collapse

[“GREGTHEEREALTOR”®️ @GReg19G]

KSI v FURY is an embarrassment to boxing.