A report from CNBC. "The government shutdown hasn't completely stopped the flow of stunningly bad housing data. Sales of newly built homes fell 18 percent in December compared with December of 2017, according to John Burns Real Estate Consulting. Sales…
It's Friday desk clearing time for this blogger. "As the housing market has downshifted, more builders are offering sweeteners to close the deal. 'We are really working a little bit harder ... to get people in the door and to…
A report from the South China Morning Post. "A buyer has walked away from the purchase of a luxury house on The Peak, losing a deposit of some HK$36.09 million (US$4.6 million) in the latest sign of trouble in Hong…
Two reports from the Real Deal on New York. "For Westchester’s residential real estate market, the fourth quarter wasn’t the season for giving. In the final three months of the year, the median sales price of luxury homes in Westchester…
A report from the Real Deal on New York. "Inventory has been on an upward trajectory in Manhattan. In the fourth quarter, sales listings swelled 12 percent, according to Douglas Elliman — with co-op listings climbing 24 percent. But on…
A report from CKRM in Canada. "Across Canada, the downtown in the oil and gas sector has hit many hard. The impact has certainly been felt in Saskatchewan, perhaps no more so than the city of Estevan. 'The housing prices…
A report from Bloomberg. "The luxury real estate market in 2018 wasn’t great for many people. Sellers in cities as far apart as London, Los Angeles, and New York found themselves facing daunting macro- and microeconomic headwinds, while buyers, on…
A report from GlobeSt. on Florida. "Almost unheard of in South Florida, you may see a slowdown in multifamily this year. Edward W. Easton, chairman of The Easton Group, is among those seeing a slowdown with ongoing projects going ahead…
A report from the Seattle Times in Washington. "Home prices on the Eastside have now dropped on a year-over-year basis. In Seattle, the median house is nearly $100,000 cheaper than last spring. And across King County, the number of condos…
A report from the Tampa Bay Times in Florida. "Homebuilding giant Lennar Corp. and its Clearwater-based mortgage subsidiary made loans to unqualified buyers and violated federal laws, a former employee alleges. In a lawsuit filed in Pinellas County Circuit Court,…