This Has Left Buyers High And Dry
A report from the Daily Mail on the UK. "As Rod Stewart might have sung, the price cut is the deepest. But it seems to have had the desired effect. The singer has sold his Essex mansion. But Sir Rod…
In A Soft Market, It’s Going To Come Out Of The Hide Of The Sellers
A report from Kieth Jurow. "California was the epicenter of cash-out refinancing and HELOC madness during the wild bubble years. There is growing evidence that Californians have learned nothing from the collapse and are once again throwing caution to the…
A Digital Grim Reaper
A report from Geek Wire on Washington. "Loftium, the Seattle real estate startup that helped people buy homes in exchange for renting out an extra room on Airbnb, has shifted its focus to rentals. 'Given how quickly home prices have…
This Is How The Trouble Begins
A weekend topic starting with Kenneth R. Harney. "According to the Urban Institute Housing Finance Policy Center's latest quarterly credit availability report, mortgage lenders are reaching out to borrowers who might have been marginal — or rejectees — in the…
Buyers Threw Caution And Common Sense To The Wind And Bought At Vastly Inflated Prices
A report from Glacier Media in Canada. "Since May 1, 2018, only 43 detached homes in the Metro Vancouver region – stretching from Mission and Delta to the Sunshine Coast and Whistler – have sold above $7 million. All 43…
There’s Too Much Inventory – Everyone Gets Lost In The Shuffle
A report from Palo Alto Weekly in California. "The Year of the Pig had a very slow start in our local real estate market. So far, we haven't experienced anything remotely similar to the usual spring frenzy. Among the 148…
Maybe We Should Have Been Paying More Attention To The Numbers
A report from the Commercial Observer in New York. "Asking and taking rents at Manhattan’s high street retail districts continue to drop. 'It’s a little bit bloody out there,' said Jared Epstein, a principal at Aurora Capital Associates." The New…
You Always Have Some Curmudgeon Saying, Wow, That Bubble Is Going To Burst
It's Friday desk clearing time for this blogger. "The average asking price of homes in the Lakes Region is definitely inflated by the many high-priced waterfront homes that are on the market. Big time! You’d almost think we were in…
Payback Is A B*tch
A report from the Georgia Straight in Canada. "The Real Estate Board of Greater Vancouver is reporting another painful month for the housing market. According to the REBGV, 1,829 homes were sold in April 2019, representing a 29.1 percent decrease…
We Are Re-Educating Sellers
A report from the Wall Street Journal. "Lumber prices typically rise in the spring as builders stock up for construction season. But this year, they are being hit hard by bad weather and a decline in home building. 'We’re starting…