A report from Yahoo Finance. "Thirty-year mortgage rates cross over 7 percent as elevated rates and affordability woes squeeze homebuyers out of the market. 'Right now the mortgage rates are touching that cyclical high level, I don't think it will…
A report from the Wall Street Journal. "Some of the biggest names in commercial real-estate lending have all but turned off the spigot. Blackstone Mortgage Trust and KKR Real Estate Finance Trust, two of the biggest mortgage real-estate investment trusts,…
It's Friday desk clearing time for this blogger. "The Austin housing market is starting to look a lot more like 2019. For the past three years, multiple offers, bidding wars and all-cash deals became the norm in Central Texas. Now,…
A report from NBC Miami in Florida. "Two dozen properties in Coconut Grove are ensnarled in a legal dispute involving lenders, investors, a developer and dozens of people who put deposits down on the home of their dreams – only…
A report from KOBI in Oregon. "The ‘Rogue Valley Association of Realtors‘ releasing new numbers regarding housing statistics in Jackson County. It shows the county sold less homes compared to this time last year. It dropped by 36 percent. Numbers…
A report from Community Impact in Texas. "'I’ve been doing this for 23 years, and this year was the largest decrease in residential value we’ve ever seen,' said Williamson County Chief Appraiser Alvin Lankford. Since mid-2022, median market prices, or…
It's Friday desk clearing time for this blogger. "The value of real estate in the heavily damaged coastal areas have fallen dramatically, with total assessed value 40% in Fort Myers Beach and nearly 32 % lower on Sanibel. Home listings…
A report from the San Francisco Chronicle in California. "In a historic trophy building overlooking breathtaking San Francisco views, 1360 Montgomery, Unit 12, is a penthouse condo for sale perched on Telegraph Hill. After a long stint on the market,…
It's Friday desk clearing time for this blogger. "Jonathan Miller, CEO of real-estate consulting firm Miller Samuel said, 'Naples saw a price boom [during Covid] that…benefited from the restructuring of Florida as a place to live full time.' Median prices…
A report from the Seattle Times. "The cooling housing market is stripping more equity from homeowners in Washington than in any other state in the country. On average over the last year, Washington homeowners lost about $74,300 in equity, a…