A weekend topic starting with WTSP. "The ongoing property insurance crisis in Florida took center stage Wednesday on Capitol Hill. 'Our proposed renewal for 2023 was more than $8,000,' testified Tallahassee resident Deborah Wood, going on to describe the impact…
A report from Business Insider. "When hopeful sellers call up Eric Peterson, a real-estate broker in Austin, he usually asks them how much they think their home could fetch on the market. Austin was among the cities hit hardest by…
A report from Bloomberg. "The world’s biggest bond market sold off after another hot inflation report reinforced bets the Federal Reserve will be in no rush to cut rates even as some areas of the economy show signs of sluggishness.…
It's Friday desk clearing time for this blogger. "Seattle-area home prices dipped last year at levels unseen in more than a decade, signaling the hit the region’s housing market has suffered since high mortgage rates dampened buyer and seller enthusiasm.…
A report from Mansion Global. "What goes up, must come down. That’s apparently the motto of the current U.S. housing market, which, after a wildly prosperous peak-pandemic run, is now seeing values plummet. Homeowners across the country have collectively lost…
A report from the Washington Post. "Q: When we bought our house nearly 27 years ago, we wondered if we were overpaying. It was the mid-1990s, and houses in our neighborhoods of choice were in extremely short supply. The math…
It's Friday desk clearing time for this blogger. "After months of mayhem in the real estate market, data shows homebuyers may finally be taking a breather, with real estate agents reporting slowdown in showings and bidding wars. Kyle Hioki said…
A report from DS News. "An estimated two million homeowners remain in forbearance plans. By stage, 10.7% of total loans in forbearance were in the initial forbearance plan stage, while 83.1% were in a forbearance extension, and the remaining 6.2%…
It's Friday desk clearing time for this blogger. "The city’s for sale, but who’s laying down millions and buying in? Michael Nierenberg and his wife bought a three-level Greenwich Village penthouse for less than half the seller’s initial ask of…
A report from WGRZ on New York. "David Cohen says his catering business was basically shut down due to the pandemic, so he was counting on the three apartments he rents out, including one over his North Tonawanda business, to…