A report from CNBC. "A sizable drop in mortgage interest rates didn’t do much to help home sales in April, as high prices and tight supply at the low end of the market continued to sideline buyers. 'We see that…
A report from 7 News Melbourne in Australia. "Gumtree is typically used as an avenue to sell unwanted household goods for extra cash. But the downturn in the property market is hitting some Melbourne families so hard that hundreds are…
A report from the Orange County Register in California. "Southern California builders, stuck with the largest supply of unsold homes in seven years, have slashed construction to the slowest pace since 2016. First-quarter data from MetroStudy shows 3,750 new homes…
A report from KHON in Hawaii. "For the first time in years, Hawaii’s housing market is beginning to level out. April showed the median single-family home decrease to about $760,000 on Oahu, which is cheaper than six months ago when…
A weekend topic starting with the Wall Street Journal. "From “Tying Down the Anchor: The Task Gets Tougher,” a paper by Kevin Warsh presented May 3 at a Hoover Institution conference: For most of the post-crisis period, the Fed grew…
A report from the Idaho Statesman. "Downtown Boise has become a popular residential neighborhood, with more than 300 new apartments, townhouses and condominiums opening in the past two years. Amid a virtual stampede of developers rushing to put up Downtown…
A report from the Herald Tribune in Florida. "One of Florida’s premier economic forecasters handed a full banquet room a bouquet of fragrant roses — that being a metaphor for a sweet future for the state. 'Florida is outperforming the…
A report from the Globe and Mail in Canada. "Jon Buss has spent the past four months looking for a home in West Vancouver. Every weekend, he and his wife attend an open house in the exclusive coastal community. They…
It's Friday desk clearing time for this blogger. "In April, there were 1,852 more homes on the market than the same time in 2018, according to the Denver Metro Association of Realtors. That’s a 36 percent increase and the most…
A report from CNBC. "Why aren’t builders rushing to put shovels in the ground? Speaking at CNBC’s Capital Exchange event in Washington, D.C., Sheryl Palmer, the CEO of Arizona-based Taylor Morrison Homes put it bluntly: 'The fourth quarter [of 2018]…