The Frenzy Is Not There
A report from Spectrum News on North Carolina. "Realtors in the Triangle say an inventory crisis is making the market frustrating for buyers but a great time for people looking to sell. 'We know it sounds crazy to offer what…
A Shack Isn’t A Veblen Good
A report from the Concord Monitor in New Hampshire. "When it comes to real estate, Rick and Jenn Kelly benefit from their entrepreneurial spirit, hard-work ethic and ability to spot diamonds in the rough – plus their capacity to seize…
Buyers Are Finally Saying, I’m Not Going To Pay It
A report from the San Francisco Chronicle in California. "San Francisco’s pandemic-battered condo market bounced back with a vengeance this spring, scoring its busiest three-month period in at least 16 years as vaccinated buyers rushed back into the city to…
Sellers Will Just Have To Accept A Lower Price
A weekend topic starting with Toronto Life. "Alexander Evans, a 39-year-old real estate agent, bought an $869,000 one-bedroom-plus den at Richmond and Bathurst in December—and saved more than $60,000 in fees and taxes. 'In August 2020, I helped a client…
Frenzies Come And Go, Beanie Babies Did, So Did Pet Rocks
A weekend topic starting with ABC 7. "Those who know the market say this is not a bubble, it's a boom, accelerated by the pandemic. Even though the market is slowing down a bit, the numbers are still astronomical. Some…
All Of These Disasters Brought To You By The Total, Self-Assured Unanimity Of The Highly Educated People Who Are Supposed To Know What They’re Doing
A report from the Beacon Online in Florida. "Volusia County’s overall property values and the tax base have reached new record highs. The real estate market and the tax base are rising, despite the coronavirus pandemic. 'Hotels were hurt. Restaurants…
Horror Stories Being Driven By Stupidity And Greed
A report from Fox 5 Vegas in Nevada. "Assembly Bill 486 would pick up where the state eviction moratorium leaves off when it expires at the same time midnight. If signed, Nevada property owners temporarily won't be allowed to evict…
Leveraging Works Both Ways, Mate
A report from the Times of San Diego in California. "Jason Elliott, Newsom’s top advisor on housing and homelessness, was joined on the virtual panel, by Jennifer Svec, legislative advocate for the California Association of Realtors, Assemblymember Buffy Wicks, a…
Of Course, Everybody Wants To Live In The Most Beautiful, Desirable Place, And We All Know What Happened
A weekend topic starting with WFAA in Texas. "In the last 12 months, realtors have seen some home values go up 50% in certain areas — almost 10 to 15 times the normal rate. Dallas realtor Courtney Michalek told WFAA…
For Many People, These Just Become A Noose Around Their Neck
A report from NBC News. "It's a red-hot real estate market — so why are home sales plunging? 'Given the housing shortage and strong demand — there's nothing to suggest home prices will be falling,' National Association of Realtors chief…