A report from the Globe and Mail. "About 500 investors, many from South Florida’s Venezuelan American community, were taken in by Efrain Betancourt Jr.’s sales pitch of high-interest returns on their investments in his short-term loan operation Sky Group USA.…
A report from the Los Angeles Times in California. "The city of Bradbury just saw its priciest sale in years when Lynsi Snyder sold her Mediterranean mansion for $16.25 million. It chalks up as a loss for Snyder, who bought…
A report from Go Banking Rates. "Inventory hit an all-time low from about May 2020 through May 2021, said Jonathan Spears, a real estate agent based in Santa Rosa Beach, Florida. However, he said inventory began to slowly increase in…
A report from the Erie Times-News. "November bought some relief for buyers as median sale prices fell 2.9% to $330,000, the largest monthly decline since the beginning of the pandemic, according to the November National Housing Report from Re/Max." The…
A report from Mises.org. "This December’s Federal Open Market Committee (FOMC) meeting might be the last time we get to hear a Q&A session from Chair Powell this year. Said near the conclusion of the December meeting, on p.26 of…
A report from Mortgage Professional America. "'Bidding wars are still happening, but buyers are starting to get more breathing room,' said Jill Thompson, a Redfin agent in Indianapolis, where the bidding-war rate dropped to 36.8% in November from 73.6% in…
It's Friday desk clearing time for this blogger. "Some sellers are still getting multiple offers, but not to the point where potential buyers are making offers far in excess of the asking price, said Carla Farley, Greater San Diego Association…
A report from Mortgage Orb. "For the fifth consecutive quarter, a plurality of mortgage lenders expect near-term profitability to decrease, according to Fannie Mae's Q4 2021 Mortgage Lender Sentiment Survey. 'Mortgage lenders’ profitability outlook has significantly weakened over the past…
A report from Inside Nova in Virginia. "'Demand fell for each type of home in November,' Bright MLS analysts said. 'The higher-priced single-family segment posted the largest drop, but still recorded ‘Moderate’ demand.' Median home prices also were up, although…
A report from San Diego News in California. "MARKET REPORT (single family). 92115 College Area: The median November home price dropped 7% from October to $814,125. 92119 San Carlos: The median November sales price dropped 5% from October to an…