First Half Of 2019 In Review
This past year had a lot of important developments, so I wanted to do a year end summary. It turned out to have more than I expected so this installment will be the first half of the year, and I'll…
The Rock Stars Of The Real Estate Recovery And The Emerging Third Wave Of Distress
A report from DS News. "Foreclosure auction inflow data points to a third wave of post-recession distress building in late 2019 and early 2020. A total of 43,232 residential properties nationwide were referred to Auction.com in Q3 2019 for a…
Very Aggressive Price Drops Happening More Often Lately
A report from the Wall Street Journal. "In 2019, about 19% of U.S. households with six-figure incomes rented their homes, up from about 12% in 2006, according to a Wall Street Journal analysis of Census Bureau data that adjusted the…
When Prices Drop A Little Bit, People Are Freaking Out
It's Friday desk clearing time for this blogger. "We are entering new territory when it comes to home sales by the Bay East Association of Realtors. According to data from 34 East Bay cities, many of them had more homes…
Before, Even If The House Was A Piece Of Crap, Folks Were Fighting Over It
A report from Bloomberg. "The trustee representing bondholders who invested $250 million in a luxury dorm at the University of Oklahoma accused the college Monday of breaking a promise to lease retail and parking spaces over the 40-year term of…
The Slowdown Seen Across The World
It's Friday desk clearing time for this blogger. "Home prices slipped in some of the costliest U.S. markets in the second quarter. Prices slid 5.3% in the San Jose region. Prices slipped 1.9% in the San Francisco area and 1.2%…
We’re Definitely Moving From A Hyper-Market To One Where A Correction Is Underway
A report from Michigan Live. "An Ann Arbor condo development just up the street from the University of Michigan Hospital is on hold after the developer had trouble pre-selling units. 'Morningside has ceased Nine99 Condominium marketing due to insufficient pre-sales,'…
We Keep Hearing About Bidding Wars And Shortage, Is It An Illusion?
A report from Think Realty on Florida. "While flipping properties may not be the right strategy in the southern part of the state, in central Florida, Billy Ross is busy flipping and wholesaling properties in the greater Orlando metro area.…
It’s Going To Be Uncomfortable, And It Might Take A While To Sell Your House
A report from the Orlando Sentinel in Florida. "For the first time since 2012, home prices are falling in metro Orlando, new data and real estate experts say. After seven years of month-over-month increases, the median price of a Central…
The Good Times Weren’t Going To Last Forever
It's Friday desk clearing time for this blogger. "The global financial outlook 'kinda sucks,' said UC Santa Barbara professor Peter Rupert. This year, because of an 11 percent drop in the median house price, from $718,000 to $655,000, Santa Barbara…