It's Friday desk clearing time for this blogger. "RE/MAX reported the median sales price in the Los Angeles metropolitan area, including Orange County, in Dec. 2022 was $810,000, a 4.7% drop from the previous year's $850,000 sales price. The San…
A report from KMOV in Missouri. "While winter is a slow time of year, St Louis realtor Cathy Shaw Connely said inventory remains fairly low, despite rising interest rates. 'Yes, it’s going to affect the amount of house they can…
It's Friday desk clearing time for this blogger. "Markets like Phoenix and Las Vegas, which saw a boom in sales during the pandemic, are now experiencing a glut of homes for sale, said Jeff Tucker, senior economist at Zillow. 'There…
A report from the Dallas Morning News. "'There’s no doubt about it, the market is slowing down from a very high peak,' said Texas A&M economist Jim Gaines. Homebuilders also saw a dramatic decline in sales that led them to…
A report from Money. "When Bob J. saw a model home he liked in a subdivision northwest of Dallas in October, a quick 24-hour negotiation with the builder netted him a savings of $125,000, free furniture and a fully decked…
A report from the Herald Tribune in Florida. "'Sellers are listening more to their agents and being more realistic with asking prices,' noted Ellen O’Day, the managing broker for two of our Coldwell Banker Realty offices in Sarasota." The Los…
A weekend topic starting with the Atlantic. "This coming recession, if it does come, will largely be an artifact of policy, with a handful of unelected bureaucrats based in Washington choosing to increase unemployment and bankrupt businesses in order to…
It's Friday desk clearing time for this blogger. "'I’ve felt a massive drop,' says Sabrina Must, who in the height of the pandemic could command more than $1,000 per night on a holiday weekend in Encinitas, California but now has…
A report from the Sacramento Bee in California. "The Sacramento region’s housing affordability crisis has eased. Very, very slightly. Placer, El Dorado and Yolo counties also saw affordability numbers increase slightly. Median prices have been steadily falling in recent weeks.…
A report from ABC 10 in California. "'Even worse than 2007,' said Ryan Lundquist, a Sacramento-based appraiser and housing analyst. 'And that sounds so dramatic, but it's true, because what we're seeing is some buyers have disappeared from the market.'…