It's Friday desk clearing time for this blogger. "'When you have a rise and increase in interest rates like we've had, that is a big problem for housing. Interest rates are like the mother's milk of housing,' Pulte Capital CEO…
A report from CNBC. "Wells Fargo is stepping back from the multitrillion-dollar market for U.S. mortgages. As part of its retrenchment, Wells Fargo is also shuttering its correspondent business that buys loans made by third-party lenders and 'significantly' shrinking its…
A report from the Real Deal on Arizona. "Two months ahead of hosting the 2023 Super Bowl, Arizona Cardinals owner Michael Bidwill sold his mansion in Paradise Valley at a loss for $5.3 million. Bidwill sold the property two months…
https://www.youtube.com/watch?v=QpSbVF1WVqk https://www.youtube.com/watch?v=poWv_GoIJFY https://www.youtube.com/watch?v=PTRuHXEEBZk https://www.youtube.com/watch?v=pk3CH3ps5g0
What are your housing bubble predictions for the new year? Six months ago: "I think this will have to do primarily with interest rates – and i think that the central banks will chicken out and live with inflation (in…
https://www.youtube.com/watch?v=AoHYBawLzfg https://www.youtube.com/watch?v=aSqWdqUu-pg https://www.youtube.com/watch?v=g8xO8_6P9ZM https://www.youtube.com/watch?v=7q4hMT59MwQ https://www.youtube.com/watch?v=CyBjlRqBCMc https://www.youtube.com/watch?v=y2Po7xz1AfE https://www.youtube.com/watch?v=aqhaDsW8-U8&t=9s
A report from the Union Tribune in California. "San Diego County's home price has dropped for the sixth month and is close to erasing all yearly price gains. Jeff Grant, owner and agent with Sand & Sea Investments, has a…
A report from the Dallas Morning News. "'There’s no doubt about it, the market is slowing down from a very high peak,' said Texas A&M economist Jim Gaines. Homebuilders also saw a dramatic decline in sales that led them to…
A report from the Boston Globe in Massachusetts. "For the two decades Erika Patino’s parents owned their modest two-family in Hyde Park, the house was a rock for them, their ticket to economic stability. As federal and state rental assistance…
A report from NPR. "'People are stuck,' says Lawrence Yun, chief economist with the National Association of Realtors. Yun and others describe the market as frozen, one in which home sales activity has declined for 10 months straight, according to…