A report from the California used house salespeople. "California home sales remained on a downward trend for the seventh consecutive month in November as prospective buyers continued to wait out the market, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today." "November’s sales…
A report from the Star Tribune in Minnesota. "During November sellers listed 3,992 properties, 12.6 percent more than last year, according to monthly report from the Minneapolis Area Realtors. At the same time, buyers signed 5.2-percent fewer purchase agreements, leaving…
A report from CNBC. "Each new housing data point is worse than the last, and they are prompting a leading industry analyst to say the market is in a correction. 'I definitely think we’re in a correction,' said John Burns,…
A report from Bloomberg on Hong Kong. "Amid all the doom and gloom in Hong Kong’s housing market, there appeared to be a silver lining, when a developer sold all 488 apartments on offer in a single day. Sino Land…
A report from Bloomberg. "Sentiment among U.S. homebuilders fell in December to the lowest level since 2015, missing all forecasts and signaling that the industry's struggles are intensifying amid elevated prices and higher borrowing costs." "The National Association of Home…
A report from the Orlando Sentinel in Florida. "Orlando’s red-hot real estate market may be cooling off. The November real estate report from the Orlando Area Realtors Association shows sales fell 6.9 percent to during the month to 2,575 while…
Two reports from the Australian Financial Review. "Sydney-based mortgage broker Zenik Finance Solution, which made nearly $1 billion in home loans for the big four banks and Macquarie Bank, has engaged in "widespread and systemic mortgage fraud" for years while…
A report from Bisnow on California. "Speakers at Bisnow's Silicon Valley Construction & Development Forecast event last week had differing opinions on just how dire the construction cost situation is. 'We're in a unique bubble in the Bay Area' said…
A report from Fox 5 Vegas in Nevada. "Potential home buyers in the Las Vegas Valley said 'no' to real estate for the month of November. New data by the Greater Las Vegas Association of Realtors shows 10,000 single family…
A weekend topic starting with the Tampa Bay Times in Florida. "If you own a house in the Tampa Bay area, chances are you’ve received at least one 'Dear Homeowner' letter offering to buy it for cash, 'as is' and…