A report from Bowery Boogie on New York. "For many on the Lower East Side waterfront, Extell’s purported woes are a lesson in schadenfreude. Especially given the years of construction hell endured by those in the vicinity. No sooner do…
A report from USA Today. "If you're hunting for a house this spring, say goodbye to frenzied bidding wars. And if you're selling, get ready for good, old-fashioned negotiations. 'Sellers in the areas where we saw the highest appreciation, they can’t…
A report from the Sacramento Bee in California. "After months — and even years — of rising home sale prices, the Sacramento region could be seeing the first signs of a decline. The median home sales price in the Sacramento…
A report from the Sacramento Bee in California. "Sacramento County total home sales fell 22.5 percent year-over-year in December, the lowest for the month since 2007. In the four-county region, the largest decline in the year-over-year median sales price for…
It's Friday desk clearing time for this blogger. "Last quarter, the number of homes for sale grew at double-digit rates in all five boroughs for the first time ever. In Manhattan, sales inventory rose 15.4 percent year over year, the…
A report from the Real Deal on New York. "Inventory has been on an upward trajectory in Manhattan. In the fourth quarter, sales listings swelled 12 percent, according to Douglas Elliman — with co-op listings climbing 24 percent. But on…
A report from Forbes. "My first tip-off that winds of change were brewing came from an interview with a New York City real estate agent back in June. Over the phone he told me that home prices were down in…
A report from the Sacramento Bee in California. "The Sacramento real estate market has officially softened. Buyers are choosy, seemingly picking well-kept and well-priced homes in desirable neighborhoods, and taking a pass on homes that come in over-priced or in…
A report from the Associated Press on California. "Salinas is one of America's least affordable places to live, exemplifying a housing crisis that plagues California's rural and urban areas alike. Salinas families earn a median income of $69,000, while the…
A report from the Sacramento Bee in California. "Home shoppers were feeling beat up this spring, often finding themselves vying with up to a dozen other buyers for limited homes amid soaring prices. That frenzy, for now, is over." "Sacramento’s…