A report from Los Altos Online in California. "Santa Clara County Assessor Larry Stone discussed current trends at the Rotary Club of Los Altos. Stone noted the median price of single-family homes over the last seven months has declined 16…
A report from Market Watch. "Sales of newly-constructed homes finally gained momentum after months in the doldrums. One thing that helped boost sales: lower prices. The median price of a home sold in March was $302,700, 9.7% lower than the…
A report from Mission Local in California. "In recent weeks, Mission residents have been receiving curious missives in their mailboxes inquiring whether they’d be game to monetize their kitchens and living rooms by having strangers drop in and start doing…
A report from Bloomberg on Florida. "A housing slowdown is taking hold in some Florida markets, where a growing share of properties sold only after the seller cut the asking price. Miami leads the nation in both the size and…
A report from the Bay Area Newsgroup in California. "Runaway Bay Area housing prices have started stalling in San Mateo and Santa Clara counties, hinting that even well-salaried professionals have had enough. Resale home prices dropped year-over-year in February in…
A report from CNBC on California. "'The housing markets are softening in California, and it’s not just the tony neighborhoods of San Francisco, Silicon Valley and West LA,' said Jerry Nickelsburg, an adjunct professor at UCLA and director of the…
A report from the Mercury News in California. "Michelle Ronco, senior product marketing manager with MLS subsidiary Aculist, put Silicon Valley’s housing market in perspective for local Realtors at a meeting in Los Gatos. Santa Clara County’s sales volume peaked…
It's Friday desk clearing time for this blogger. "'Rising interest rates can affect what a borrower can qualify for and the maximum purchase price or loan amount. It would mean higher monthly mortgage payments,' explained Alan Barbic, president of the…
A weekend topic starting with RE Business Online. "The multifamily sector is like the Energizer Bunny, says Jamie Woodwell, vice president of commercial and multifamily research for the Mortgage Bankers Association (MBA). Although 600,000 units are currently under construction nationally…
A report from Bloomberg on New York. "Amazon.com Inc.’s decision to drop its expansion plans in the Long Island City neighborhood of Queens plunged local real estate brokers into despair -- just months after the euphoria that followed the company’s announcement that…