It's Friday desk clearing time for this blogger. "So-called iBuyers purchased a total of 70,402 homes in 2021, more than doubling the number purchased in 2019, according to Zillow. The shopping spree led to Zillow’s implosion and a lot of…
A report from Mortgage Professional America. "Santander Bank LLC, a Spain-based global banking group with more than 145 million customers in the US, will have laid off more than 50 employees by the first week of April, according to a…
A report from the Seattle Business Journal in Washington. "Rising mortgage rates are expected to put a damper on double-digit home price increases in the next 12 months, especially in the Bremerton-Silverdale area, which was singled out as having one…
A report from the Mercury News in California. "Investors bought up just 4% of the homes sold in the San Jose metro area, and 6% in San Francisco and the East Bay last year – about the same level as…
A report from Investor Place. "Opendoor Technologies just released its Q4 financials, including its full-year 2021 results. It is likely to stay down as long as the company keeps digging itself into a hole. The $5.8b billion in home purchases…
A weekend topic starting with the Vancouver Sun in Canada. "'The real-estate development business is very much about market timing,' said Arny Wise, who spent his career planning and developing scores of housing projects in Toronto and Vancouver. 'They want…
A weekend topic starting with the Idaho Press. "The typical price for Idaho starter homes has increased almost 80% since 2019, from around $171,000 to $306,000 as of January 2022. The problem: Homes are where jobs sleep at night, as…
It's Friday desk clearing time for this blogger. "Here are some examples, followed by a breakdown by neighborhood, of recent price cuts on homes, condos, apartments and other Eastside properties. How Low Will They Go? $109k chop on Glassell Park…
A report from Market Watch. "Researchers pointed to Miami as an example for their argument. During the market’s peak in late 2006, buyers there paid nearly $340,000 on average to purchase a home. Only now are many of those buyers…
A report from the Review Journal on Nevada. "The last time Las Vegas had a major housing bubble, things didn’t end well. Here’s hoping it ends differently this time. It’s not fun to think about, but there are many signs…