Builders Need To Sell
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It's Friday desk clearing time for this blogger. "A unit at new-development condo Central Park Tower, the tallest skyscraper on New York’s Billionaires’ Row, has sold for $43 million, a discount of 32.5% off its original asking price. 'They laughed…
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A report from Business Insider. "'To be expected, with rates rising as quickly as they have, we were going to see a slowdown in prices, but certainly we are now seeing the market slam on the brakes very quickly here…
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A report from the Daily Herald in Washington. "'I was putting listings on the market right when the interest rates increased,' said Dafna Shalev, real estate broker in Woodinville. 'The buyers stopped coming. There were no showings. Nothing.' What happened…
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A report from Miami Community News in Florida. "It is as if the collective consciousness of anyone thinking of selling said, 'Oh, I have missed the top and I better get on market right now so I don’t lose more…
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A report from KING TV in Washington. "'Literally houses are staying on market a lot longer. House prices are dropping anywhere from $50,000-100,000. I've seen houses drop $300,000,' said real estate broker Ali Samael. Housing prices coming down are a…