Up Shit Creek Without A Boat
A report from Realtor.com. "Basketball Hall of Famer Dikembe Mutombo just sold his condo in New York City. But after waiting much of the year for a buyer, he probably didn't get quite the win he wanted. In February, the…
Relying On Capricious Luck Will Only Invoke Murphy’s Law
A weekend topic starting with the Modesto Bee in California. "Joyce Fritz, founder of 12 Doors Real Estate and her team ran statistics with different resources to determine an accurate median starter home price in Modesto, she said. Data from…
No One Wants To Be The First To Blink And Drop Their Price, But Eventually Most Will
A report from the News Tribune in Washington. "Median closed sale price for existing homes in Pierce County in July was $541,000, down from June’s $545,000 and $575,000 in July 2022, according to the latest Northwest Multiple Listing Service report.…
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 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…
Buyers Who Purchased At The Height Of The Market Are Now Facing Inevitable Market Realities
It's Friday desk clearing time for this blogger. "Home prices in many parts of the Treasure Valley have cooled down in recent months. The median sales price for June 2023 was $545,000 in Ada County, according to data from Intermountain…
Landlords Have Seen Their Simple, Modest Investment Spiral Into A Money Pit They Can’t Wait To Get Rid Of
A report from the Pueblo Chieftain in Colorado. "Pueblo’s real estate market experienced another rough month in May. The median sales price now hovers around $300,000, which dropped nearly 12% this May when compared with last year and 'is down…
A Lot Of People Just Can’t Afford Their Payments Anymore
A report from Mansion Global on Washington. "'The upper end of the ultra high-end market is softer than we’ve seen in many years,' said Moira Holley, co-founder of Realogics Sotheby’s International Realty in Seattle. 'In 2021, when there was brisk…
Indulgences And Money Sinks
It's Friday desk clearing time for this blogger. "The local housing market is not 'crashing at all,' said King County Assessor John Wilson. 'But the fact is, it’s finally kind of peaked.' In Seattle’s Queen Anne neighborhood, values declined 8%…