It's Friday desk clearing time for this blogger. "'In this particular market, the metro Detroit market we’re actually seeing home prices dropping. I’m seeing home prices drop by $10,000 a month,' said broker Maynard Neal." "'Now that we’re entering a…
A report from NBC San Diego in California. "Gone are the days of 30 bids raising a home’s prices overnight. 'That market is done. It’s completely dead,' declared Miguel Contreras a real estate consultant. 'If you’re a seller, you have…
A report from Go Banking Rates. "The Florida cities on this list are showing alarming signs that could be pointing toward a housing crisis. Pembroke Pines, Florida: % of homes for sale that have been foreclosed: 74.47%. Hollywood, Florida: %…
A report from The Hill. "A series of layoffs at America’s major technology companies could put pressure on local housing markets. San Jose and San Francisco are among five U.S. metros that have already experienced year-over-year price declines. Prices fell…
A weekend topic starting with the Marin Independent in California. "The median price of a detached home in Marin County fell to $1.675 million last month, nearly wiping out the gains for the year, according to the latest county data.…
https://www.youtube.com/watch?v=KYMGSZXnJDo
A report from the Washington Post. "Months before the bank posted a foreclosure warning on the front door of the home that Sunya Musawwir has owned for 30 years, the D.C. government told her they would take care of everything:…
A weekend topic starting with Fortune. "Homebuilders and economists alike were on edge this spring after the Federal Reserve Bank of Dallas published a paper titled "Real-Time Market Monitoring Finds Signs of Brewing U.S. Housing Bubble." Shortly afterwards, Fortune spoke…
A report from the Sun Sentinel. "Businesses tied to the real estate industry say they’ve started to feel the effects of the housing market slowing down in South Florida. 'It’s a ghost town,' says Bruce Gubnitsky, the owner of BG…
A report from Geek Wire. "'We’ve tied up hundreds of millions of dollars in houses that you yourself wouldn’t want to own right now,' Redfin CEO Glenn Kelman wrote. 'Even before its overhead expenses, the RedfinNow properties segment will likely…