A report from the Wall Street Journal. "Americans purchased fewer new homes in May. Purchases of newly built single-family homes decreased 7.8% to a seasonally adjusted annual rate of 626,000 in May, the Commerce Department said Tuesday. It was the…
A report from Market Watch. "The S&P CoreLogic Case-Shiller 20-city index was unchanged in April compared to March on a seasonally adjusted basis, and was 2.5% higher compared to a year ago. That was the 13th straight month in which…
A press release from Zillow. "It has been widely acknowledged that the aggressive pace of home value growth over the past several years was unsustainable. Buyers simply couldn't keep up, and home prices are correcting. Inventory was up year-over-year in…
A report from the Wall Street Journal. "Cerberus Capital Management LP is bringing back a type of mortgage bond that went extinct during the financial crisis. A unit of the private-equity firm issued bonds Friday backed entirely by home-equity lines…
A weekend topic starting with Domain News in Australia. "Owners in Melbourne’s high-rise apartment towers are selling properties at a loss amid a tarnished reputation thanks to wild parties and crime. Some city and Docklands buildings are tarnished thanks to…
A report from the Oregonian. "Wise homebuyers look for discounts on properties they value. What causes a sale price to cascade? An anxious seller or an asking price that's too high and no one's biting. In this week's real estate…
A report from the Wall Street Journal on New York. "Property investors have spent billions of dollars on apartment buildings for what has been one of the most reliably profitable bets in New York City real estate: converting rent-regulated apartments…
A report from the Orange County Register in California. "Chapman University economist Jim Doti sees no housing bubble to burst in Orange County. He explains that local housing prices — easily double national benchmarks — are 'economically rationale given the…
It's Friday desk clearing time for this blogger. "An Upper East Side townhouse that was once home to the late fashion designer Oleg Cassini is now facing foreclosure. The case comes as authorities orchestrate a fire sale of Cassini’s assets.…
A report from CBC News in Canada. "When the market was hot, people lined up overnight to get their hands on pre-sale condominiums. Now that the housing market in B.C.'s Lower Mainland has cooled, some buyers are trying to back…