Second Half Of 2019 In Review
This is the selection of posts from the second half of 2019. I've focused on lending, US markets only and there's much more at each link to read. I'll have more in the comments below later. Thanks for dropping by.…
No One Wants To Admit The Shift Happened
A report from the Douglas Digital Daily in California. "Forget what’s fashionable in floor plans, decor or color palettes. This year’s hot housing flavor is something every house hunter can agree upon: a price discount. It’s no blip. The frequency…
We Call It The Real Estate Casino
It's Friday desk clearing time for this blogger. "An American developer is looking to attract the international buyers who would have previously looked to Vancouver. The Spire was originally going to be a rental tower, which has been the trend…
Last Year, They Just Didn’t Care; They Just Wanted To Get In
A report from NBC Bay Area in California. "If there's ideal timing when buying a home in the expensive Bay Area, it's now. It's the best week of the year to buy, according to Realtor.com. In the Bay Area, there…
When Prices Drop A Little Bit, People Are Freaking Out
It's Friday desk clearing time for this blogger. "We are entering new territory when it comes to home sales by the Bay East Association of Realtors. According to data from 34 East Bay cities, many of them had more homes…
There Was Another Sign The Market Is Shifting: Seller Discounts
A report from the Real Deal. "Three years later, Tom Barrack has buyer’s remorse. As his firm, Colony Capital, embarks on a $325 million venture into digital infrastructure, it first needs to offload much of its real estate portfolio from…
Any Slowdown Feels Like The Real Estate Market Is Imploding
A report from The M Report. "The U.S. Census Bureau’s New Residential Construction Survey found that while building permits grew in July by 8.4%, housing starts fell 4% in July to 1.91 million. Odeta Kushi, Chief Economist for First American…
We’re Definitely Moving From A Hyper-Market To One Where A Correction Is Underway
A report from Michigan Live. "An Ann Arbor condo development just up the street from the University of Michigan Hospital is on hold after the developer had trouble pre-selling units. 'Morningside has ceased Nine99 Condominium marketing due to insufficient pre-sales,'…
Buyers Now Perceive Them To Be More Overpriced Than Before
A report from Realtor.com. "'Overall, the slowdown is taking over across the board, and it’s concentrated in the South and West—that’s where the supply has been depleted,' says Javier Vivas, director of economic research for realtor.com." The Mortgage Reports. "There…
Other Economic Factors May Be The Driving Market Forces Right Now
A report from the Associated Press. "Andy and Stacie Proctor made a bid on a house in the Salt Lake City suburbs, only to rescind it upon learning there were 13 rival offers. At one point, they almost decided not…