A report from Yahoo Finance. "The last bastion of the housing market faltered last month. Sales of newly built homes decreased 8.7% to a seasonally adjusted rate of 675,000 units last month from the revised July rate of 739,000, according…
A report from the Orange County Register. "Surviving the slowdown was a key theme at the California Association of Realtors conference last week in Anaheim. Helen Jeong’s most prosperous year as a real estate agent occurred in 2020, when five…
A report from the Jamaica Plain Gazette in Massachusetts. "'Inventory is down across the Board,' said BJ Ray of the Boston Home Team of Unlimited Southeby’s International Realty. 'Specifically in JP, single-family listings and sales are down about 20% from…
It's Friday desk clearing time for this blogger. "'The sharpest price decline in Utah’s real estate history occurred from May 2022 to January 2023,' wrote the report’s authors, housing researchers Jim Wood and Dejan Eskic. In those eight months, the…
A report from AFP. "'There's such a lack of inventory that it has driven the prices up. I've been doing this for 40 years, I've never seen the prices like they are right now,' said Joan George, a New Jersey-based…
A report from Vail Daily. "Mark Weinreich, a broker associate with Berkshire Hathaway HomeServices Colorado Properties’ Beaver Creek in the Villa Montane office, notes that for the resort and luxury market, there are more choices. Good properties priced to fair…
A report from Bank Rate. "'We simply don’t have enough inventory,” said Lawrence Yun, National Association of Realtors chief economist. 'Will some markets see a price decline? Yes. [But] with the supply not being there, the repeat of a 30…
It's Friday desk clearing time for this blogger. "Austin, Phoenix and San Jose have seen home prices fall since the beginning of the year, but those markets were already among the most expensive in the nation. But now price declines…
A report from Reuters. "The Federal Reserve has issued a slew of private warnings to lenders with assets of $100 billion to $250 billion as part of increased efforts to tighten supervision, Bloomberg News reported on Wednesday citing people familiar…
A report from the Idaho Statesman. "Borrowers struggling with a low credit score, history of bankruptcy or limited savings who may not be eligible for a conventional loan are taking advantage of Federal Housing Administration loans instead, said Jared Olsen,…