Comments by "Jeffrey Deuitch" (@jeffreydeuitch2146) on "REDFIN: Cancelled Contracts SURGE! Housing Market IMPLODING" video.

  1. Almost 15%. Holly cow. As for your past decisions, don't refer to them as bad decisions. Given the market at the time, it was not a bad decision. You would have needed a crystal ball to see the future. I would describe as unfortunate but judgement was likely sound. If you repeated in recent time, given your past experience, that would be a bad decision. In my little neck of woods here in SW Fl., I am seeing my orders go from consistent 10 to at per week get reduced to 2 to 3 just over past few weeks. Not just seasonal since past summer was quite busy. Mostly services to new construction. Also seeing broadcast RFPs from numerous sources has nearly disappeared from about 20 or per week. No conclusions just yet, but preparing shift to distressed property services which should emerge in upcoming months. Seen this dance before. Evolve or go extinct. Not sure about trend reversal in event of Fed pivot. Would not bet on it. Regards.
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  2. Typos below. Correction: went from 10 to 15 per week to 2 to 3 currently. RFPs gone from about 20 per week to non existant presently. All this just over past few weeks. Seems to be changing RAPIDLY.
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  3. Not in market for house. Perhaps investment in event of big downturn, but potentially big drop ahead. Entered RE services way back in S&L crisis days around 1990. Was very similar to the GFC in its effects. Saw the massive downward pricing at that time and allowed me to make highly accurate predictions to dismayed investors and friends for future around 2005. They thought I was nuts and got angry. Too early at present for near term predictions moving forward but would at least have contingencies in place just in case. No, absolutely not looking to buy in near term. Would caution about getting caught up in a dead cat bounce. Happened in 2007 to 8 prior to protracted downturn. My opinion only.
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