tyb
o7
Like kneepads he probably won't even leave the airport-only scheduled for 3 hours
https://factba.se/biden/calendar
>MAGA PATRIOTS
>>18103740 lb
Planefag CONUS Activity: Potato starts descent to El Paso, SAM activity, Mexi AF in/out at Juarez and also a second trip to Merida in 24h with FAM3528 737 AC involved in 'El Neto' ded'd on Thursday
'''82-8000 747 began it's descent for El Paso Int'l with 09-0016 heading to Holloman or Roswell-coverage not the best in that immediate area, SCOUT03 Sentry AWACS outta Tinker doin' roundies in front of the airspace potato had entered and back to Tinker, FLIT43 US Navy E-6 B Mercury out of Travis doin' roundies over Tucson and CANO36 E-6B returning from Gulf back to Tinker, SAM936 G5 WS from Langley AFB and SAM972 C-40B WS from JBA depart and in at Scott AFB, Mexican AF PF511 CN-235 Persuader (red dot) in at Juarez from Hermosillo overnight-and now out and SE, Mexican AF FAM3528 with another trip to Merida-one yesterday too, SAM966 C-32A SW from JBA
Home Sellers Get Desperate, Shower Buyers With Concessions
As the real estate market continues to soften amid rising rates and reduced appetites, home sellers are starting to toss in the kitchen sink and more. According to the report, 42% of recent sellers have offered at least one concession to buyers, typically in the form of cash credit for things like repairs, mortgage rate buydowns, or closing costs. This is up from 31% a year ago, and is back to levels seen in July 2020, when the housing boom was taking off. This is in stark contrast to the depths of the pandemic real estate boom, when sellers had the upper hand, and buyers were going to extreme measures to close deals - paying way over asking, and waiving inspections, among other things. State of play: Concessions were smaller and much less frequent last year, Van Welborn, a Redfin agent in Phoenix, tells Axios. But when mortgage rates started shooting up last fall, sellers grew desperate to attract buyers and concessions mounted a comeback. Since sellers built up so much equity over the past few years, they've been willing to shell out more cash than before the pandemic, he says. In the last month, one of Welborn's clients got $25,000 from a seller on a $650,000 house to pay for a roof (plus they threw in all of the home's midcentury modern furniture for $10). Another collected $10,000 to help with closing costs.
Plus: Homebuilders are offering concessions to real estate agents who bring in buyers, too. One builder in Houston is giving agents a $10,000 bonus on top of their typical 3% commission and a chance to win a Mercedes, per a flyer, shared with Axios. According to Angela Cherry, communications director at Redfin, the boost in concessions could help explain why prices haven't fallen faster - because even though buyers are paying less money, list prices and closing prices don't change. "They're kind of masking the true cost of the transaction," she said.
As we noted last week, housing supply has jumped the most on record as the market has begun to freeze up. What's more, an estimated 30% of realtors "will likely quit" during the upcoming housing crash, according to Nick Gerli, CEO and founder of Reventure Consulting.
https://www.zerohedge.com/economics/home-sellers-get-desperate-start-showering-buyers-concessions
https://www.mortgagenewsdaily.com/mortgage-rates/30-year-fixed
This will reverse once the FED pivots as the Treasury market(s) got shellacked last Friday (yields down) and 30y Fixed rates are also trending down since it's over 7% high earlier
>>18104764 Planefag CONUS Activity: Potato starts descent to El Paso, SAM activity, Mexi AF in/out at Juarez and also a second trip to Merida in 24h with FAM3528 737 AC involved in 'El Neto' ded'd on Thursday