Look, We Need To Sell
A report from KOMO-TV in Washington. "According to Redfin, luxury home prices dropped by double digits in several west coast cities. San Francisco saw the biggest loss of more than 12.7% in a year. Seattle is close behind at a…
A Growing List Of Things Central Bankers Underestimated Over The Past Few Years
A report from the Advocate in Louisiana. "When David LeBoeuf listed his Gentilly house for sale in May, he thought the newly renovated, two-bedroom cottage would move quickly with a price tag of $315,000, or roughly $190 per square foot.…
A Billion-Dollar Industry Chasing Its Own Tail
A weekend topic starting with Bisnow New York. "The pandemic and its associated travel bans crushed hotels across the country, but the sector has come back in force thanks to a slew of positive fundamentals for the asset class. Soaking…
The Bubble Deflated, Liquidity Fell Freely And Many Investors Face The Risk Of Heavy Losses
It's Friday desk clearing time for this blogger. "After two years of elevated home prices in Houston, prices began to decrease for the first time in February, according to a report from the Houston Association of Realtors. Local real estate…
These Are Insolvent Firms Running Ponzi Schemes Of Titanic Proportions
A report from Reuters. "New home sales dropped 2.5% to a seasonally adjusted annual rate of 697,000 units last month, the Commerce Department said on Wednesday. May's sales pace was revised lower to 715,000 units from the previously reported 763,000…
The Seams Were Starting To Crack For Some And The Realism Of What Was Going On Started To Kick In
A report from The Hill. "SmartAsset analyzed the 100 largest metro areas in the U.S. In Boise, nearly twice as many homes are being listed than sold, and the median number of days a house sits on the market is…
The Fear Of Missing Out Has Now Been Wiped Out By The Fear Of Making A Mistake
A report from Mansion Global on New York. "Last week was a relatively sluggish one for Manhattan’s luxury housing market, according to Monday’s report from Olshan Realty. Sales volume, based on the most recent asking prices, took a notable dip,…
Everything Is Falling
A report from KRDO in Colorado. "According to a broker associate at Re/Max of Pueblo Inc., Mike Pospahala, two years ago there was a lot of competition to buy a home. He said a lot of homes were sold above…
I’d Like The Value Of My Home To Start Rising Again, I Wonder If The Good Days Are Over
A report from the American Statesman in Texas. "StoryBuilt, one of Austin’s most active urban developers, has launched a major reorganization and furloughed employees as it deals with a financial meltdown. In a letter sent to StoryBuilt investors Friday, co-founder…
Where It Can Go Horribly Wrong
A report from New Hampshire Public Radio. "In New Hampshire, the rate of foreclosure filings on properties has risen 149.72 percent from mid-year 2021 to mid-year 2023, according to ATTOM. Most of that increase has happened in the last year.…