A report from The Daily Ardmoreite. "The quick sales and higher costs have led broker Marcus Cunningham to notice an interesting new quirk in the market. That is the number of people who back out of purchasing after getting an…
A report from the Oregonian. "The Regional Multiple Listing Service’s January 2022 market action reports show that median sale prices, while still high, have dropped from 2021 peaks everywhere in the region except Clark County in southwest Washington. The average…
A report from the Indianapolis Star. "IndyStar sat down with Jim Litten, who has 50 years of real estate experience. 'We’re seeing tremendous price escalation. Prices last year went up about 16% in our market. I don’t see that moderating…
A weekend topic starting with the Globe and Mail. "With money so cheap and home appreciation so high, home ownership has taken on a whole new meaning. A key feature is that it’s altered our relationship to mortgage debt. The…
A weekend topic starting with Yahoo Finance. "Fannie Mae Chief Economist Doug Duncan joins Yahoo Finance Live. 'We saw something on the order of 18% increase in house prices in 2021 following about a 15% increase in 2020. Our estimate…
It's Friday desk clearing time for this blogger. "Redfin economists expect the 30-year fixed mortgage rate to continue to rise steadily to 3.9% over the course of the year. For the four-week period ending January 30, the monthly mortgage payment…
A report from Mortgage News Daily. "Locks are certainly not repeating 2021 levels for January, with initial anecdotal pipeline numbers down 30-40 percent. Are you reducing costs accordingly? When the residential lending market is good, owners think they’re the smartest…
A report from NBC News. "'As we move through the year, we will see slower sales activity,' said Lawrence Yun, chief economist at the National Association of Realtors. 'Intense multiple-offer days are over… people can take their time. I think…
A weekend topic starting with Reuters. "The great unwinding of bloated central bank balance sheets could start as soon as next week. While investors have been in thrall to the U.S. Federal Reserve's hawkish anti-inflation twist in 2022, the Bank…
A report from Candy's Dirt in Dallas. "We have luxury homes sitting on the market at 400 and 500 days. We have millions of dollars in price reductions on some of these. It’s time to make some decisions and face…