A weekend topic starting with Yahoo Finance. "The Federal Reserve’s top figure said Thursday that the central bank should have acted sooner to pull back on its pandemic-era stimulus and get ahead of rising inflation. Fed Chairman Jerome Powell told…
It's Friday desk clearing time for this blogger. "So-called iBuyers purchased a total of 70,402 homes in 2021, more than doubling the number purchased in 2019, according to Zillow. The shopping spree led to Zillow’s implosion and a lot of…
A report from Mortgage Professional America. "Santander Bank LLC, a Spain-based global banking group with more than 145 million customers in the US, will have laid off more than 50 employees by the first week of April, according to a…
A report from the Seattle Business Journal in Washington. "Rising mortgage rates are expected to put a damper on double-digit home price increases in the next 12 months, especially in the Bremerton-Silverdale area, which was singled out as having one…
A weekend topic starting with the Vancouver Sun in Canada. "'The real-estate development business is very much about market timing,' said Arny Wise, who spent his career planning and developing scores of housing projects in Toronto and Vancouver. 'They want…
A weekend topic starting with the Idaho Press. "The typical price for Idaho starter homes has increased almost 80% since 2019, from around $171,000 to $306,000 as of January 2022. The problem: Homes are where jobs sleep at night, as…
It's Friday desk clearing time for this blogger. "Here are some examples, followed by a breakdown by neighborhood, of recent price cuts on homes, condos, apartments and other Eastside properties. How Low Will They Go? $109k chop on Glassell Park…
A report from Market Watch. "Researchers pointed to Miami as an example for their argument. During the market’s peak in late 2006, buyers there paid nearly $340,000 on average to purchase a home. Only now are many of those buyers…
A report from the Review Journal on Nevada. "The last time Las Vegas had a major housing bubble, things didn’t end well. Here’s hoping it ends differently this time. It’s not fun to think about, but there are many signs…
A report from The Daily News in Washington. "What goes up, must come down — except for the housing market, experts say. Longtime loan officer and Longview native Jon Trussell oversaw the opening of a national mortgage lender branch in…