A report from the San Francisco Chronicle in California. "The Bay Area just said goodbye to a decade when real estate prices soared to astronomical heights. The 2010s were marked by $1 million fixer-uppers and bidding wars, and many homeowners…
A report from the Wall Street Journal. "In mid-November, bond investors got an unwelcome surprise from one of the main ratings firms in a hot corner of the bond market: About 25% of the bonds that it had rated were…
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.…
A report from Myrtle Beach Sun News in South Carolina. "An apartment complex near Coastal Carolina University will soon have a new management company as the property remains at the heart of a $24 million legal fight. In November, U.S.…
A report from the Reno Gazette Journal in Nevada. "Although turning over houses at a profit was a popular strategy during Reno-Sparks’ housing rebound, flipping activity has cooled as home prices reached record highs. Since peaking at $420,500 in May,…
A report from Bloomberg. "New York City’s struggling luxury condo market is providing a prominent developer with an opportunity to expand the lending unit it launched last year. Silverstein Properties Inc., looking to double its lending business to more than…
A report from the New York Post. "The Long Island mansion from the 1986 flick 'The Money Pit' has become a real-life money pit. This Nassau County home has sold for $3.5 million after five years on the market. That’s…
A report from CNBC. "This oceanfront mansion in Hillsboro Beach, Florida, was on the market for $159 million in 2015. But for three years the 60,000-square-foot compound had no takers. The owner eventually decided to put the estate on the…
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…
A report from the California Globe. "While driving down a few streets in the suburban Orange County city of Fullerton, an unusual by-product of the housing crisis presented itself. Rows and rows of large houses known as ‘McMansions’ built within…