A report from Fortune. "Fed Chair Jerome Powell took the podium on Wednesday to announce that the central bank would hold interest rates flat in June. Powell didn't rule out future hikes, and called this move a 'skip.' At the…
A report from CBS 5. "The Valley housing market is cooling down, experts said, correcting after what used to be one of the hottest markets in the country. Median home prices are down more than $50,000 from this time last…
It's Friday desk clearing time for this blogger. "Owners with a mortgage lost a small amount of equity last quarter — an average of $5,400 per borrower — marking the first annual decline since 2012, according to CoreLogic. But home-equity…
A report from the News Press in Florida. "Lee County Property Appraiser Matt Caldwell released his preliminary report on real estate values in Lee County during 2022. Two barrier island communities hit hardest by Hurricane Ian saw sharply falling values,…
A report from The Street. "Florida's Sarasota is the city with the biggest increase of home listings hitting the market. Between May 2022 and 2023, there's been an 128.1% increase in for-sale properties. The high inventory has to do with…
A report from KING TV in Washington. "'January 1, of 2022 was a high water mark, the real estate market was red hot. Houses were selling for a half million bucks over the asking price. January 2023, is a whole…
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%…
A report from the Review Journal in Nevada. "Las Vegas’ real estate investor boom appears to be over. Investor sales in metro Las Vegas plunged a dramatic 60 percent in the first quarter compared to a year earlier, according to…
A report from KXAN in Texas. "Home prices in Austin continue to cool after reaching a zenith last year. The median home price in the Austin-Round Rock region fell 15% last month to $466,705, per an Austin Board of Realtors…
A report from Salt Lake City Weekly. "As Utah's real estate market sizzled during the COVID pandemic, Matthew Borsodi, a compliance officer at one of Utah's largest mortgage lenders, filed a federal complaint alleging that his former employer skirted rules…