A report from the Lawton Constitution in Oklahoma. "For the first time in her 40 years as a realtor, Brenda Bentley is seeing sellers get well above asking price for their home. 'It’s been hard for sellers all these years,'…
A report from Mortgage Professional America. "Potential home buyers are being edged out of the house market because of high property prices, mortgage brokers have told MPA. Figures show that new home sales fell to the lowest level in more…
A report from CNBC. "The inventory of new homes for sale jumped from a 5.5-month supply in May to a 6.3-month supply in June. In June, the number of homes for sale that had not yet been started hit an…
It's Friday desk clearing time for this blogger. "After months of mayhem in the real estate market, data shows homebuyers may finally be taking a breather, with real estate agents reporting slowdown in showings and bidding wars. Kyle Hioki said…
A report from the Real Deal on Florida. "Ken Griffin has left Faena House. The CEO of Chicago-based Citadel sold his remaining penthouse at the ultra-luxury Miami Beach condo building, a three-bedroom, 4,243-square-foot unit, for $11.2 million. Griffin paid $60…
A report from the Wall Street Journal. "More than a year into the pandemic, high-rise office buildings are largely empty. About one of every two hotel rooms is unoccupied. Malls are struggling to attract shoppers. And yet by most measures,…
A report from WTMJ in Wisconsin. "Shorewest realtor Essam Elsafy is counseling his clients through this frenzied housing market. He says acting fast is a necessity. He shared a conversation he recently had with house hunters. 'We saw a house…
A report from Politico. "The booming housing market helped stave off economic collapse in 2020. But soaring prices are starting to worry policymakers. The current pace of home price appreciation is unsustainable, they say. 'I am worried that the price…
A report from Market Watch. "Like floodwater, mortgage bond losses flow from the bottom up. But with today’s compressed bond yields and an uncertain backdrop for commercial properties, Daniel McNamara, principal at a hedge fund that’s been in the spotlight…
A report from the Wall Street Journal on New York. "Manhattan’s pulverized condominium market is opening the door for investors willing to buy individual apartments wholesale. Developers under financial strain are the most likely to entertain bulk deals, but in…