A report from Bloomberg. "Homebuilders are headed for their sharpest monthly nosedive since March 2020 as the stocks get pummeled by fears of rising rates. 'It’s a headwind to everybody across the sector, nobody is completely immune,' analyst Rafe Jadrosich,…
It's Friday desk clearing time for this blogger. "After five months on the market, Leonardo DiCaprio has found a buyer for his Los Feliz home. The actor listed the property for $5.75 million in August, but after a series of…
A report from DS News. "More than 77% of homebuyers and sellers believe there’s a housing price bubble in the area where they live, according to Redfin. 'What we’re going through right now is closer to a ripple in the…
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 the News Press in Florida. "To date, the number of new listings that came to the Bonita Springs and Estero markets in 2021 was 270, which was higher than the 193 total listings that came to market…
It's Friday desk clearing time for this blogger. "'Our housing market is showing signs of stabilizing,' says Dave Walsh, the 2021 president of the California Association of Realtors. Walsh says we now have a median selling price in Santa Clara…
A report from the Phoenix Business Journal. "Homebuyers across the country are furious with Zillow Group Inc for canceling contracts. Compounding the issue is the fact that many of these homeowners are waiting for their new construction homes to be…
It's Friday desk clearing time for this blogger. "As of Oct. 24, Zillow had 250 homes on the market in metro Phoenix that were on average priced 6.2% below what the company had paid for them, according to Greg Hague,…
A report from the Wall Street Journal. "An unusually high number of homes across the country are being appraised below their agreed-upon sales prices, causing a number of deals to collapse. In recent months, during the height of the boom,…
It's Friday desk clearing time for this blogger. "The stratospheric housing market may be returning to earth. Through the first eight months of the year, 28,306 homes were listed for sale in Greater Columbus, up 13.5% from the same period…