A weekend topic starting with Fortune. "Jim Grant has been tracking the ins and outs of Federal Reserve policy and its effects on the economy and markets in his famed newsletter, Grant’s Interest Rate Observer, for over 40 years. After…
A report from Newsweek on California. "A San Francisco home has been sold at half its original listing price, crystallizing the stark real estate climate in the city and in the U.S. The home in the Russian Hill neighborhood sold…
A report from the Mercury News in California. "It might be hard to fathom in this real estate market, but one in eight home sellers in San Francisco and on the Peninsula is now taking a loss. How can that…
A report from the Washington Examiner. "The price of everything is up since 2020, but in absolute terms nothing has gone up more than mortgages. With the 2024 presidential contest coming into focus, housing affordability will be among the economic…
It's Friday desk clearing time for this blogger. "The tough housing market has been especially hard for condo owners. Rufina Cappelli has lived in her St. Petersburg condo for 28 yards, but this month, she’s grappling with a new reality…
A report from the Naples Daily News in Florida. "'October had the highest number of new listings added to the market compared to any October since the pandemic' in the Naples area, Vanderbilt Realty broker Dominic Pallini said, noting this…
A report from the Wall Street Journal. "Danielle Tantone and her soon-to-be ex-husband, Michael Tantone, bought their Mesa, Ariz., area home in July 2022 with a mortgage of about $600,000 that carried an interest rate of 5.62%. Both planned to…
A report from the Arizona Republic. "Metro Phoenix home sales are slowing, so sellers brace yourselves. 'This is not a good time to test a price higher than market value for your home,' said Tina Tamboer, senior housing analyst with…
A report from the Bradenton Herald in Florida. "The median price for existing single-family houses in the Bradenton area fell 12.8% to $479,000 in October, the largest decline this year. It was also the first time since February 2022 that…
It's Friday desk clearing time for this blogger. "An 11% increase in new listings shows there’s some movement again in a market that stagnated during the regular summer doldrums. 'What closed in October surprised me,' said Corcoran broker associate Linda…