It's Friday desk clearing time for this blogger. "A West Village townhouse that was once home to film star Will Smith is on the market for $12.5 million. That’s quite a hit, considering the buyer paid $13.82 million for the…
A report from the Herald Tribune in Florida. "A new 5,335-square-foot Casey Key home with a private beach will be auctioned, without reserve, this month. The luxury house on Casey Key was built last year and has never been occupied,…
A report from Bloomberg on New York. "Manhattan’s priciest apartment contracts last week had one thing in common: The sellers lost money. Owners who bought at the peak of Manhattan’s luxury condo frenzy just a few years ago are seeing…
A report from the Orange County Register in California. "The talk of 'risk' isn’t a subject frequently heard among housing analysts and industry insiders. It’s also a good time to be in the transactions business with the quick pace of…
A report from Market Watch. "Like floodwater, mortgage bond losses flow from the bottom up. But with today’s compressed bond yields and an uncertain backdrop for commercial properties, Daniel McNamara, principal at a hedge fund that’s been in the spotlight…
A weekend topic starting with two reports from the Globe and Mail. "Berkeley Loh, 29, and Tom Holmes, 35, have been together a few years and living in their 800-square-foot Olympic Village rental, but they always had a plan to…
It's Friday desk clearing time for this blogger. "'Twelve years ago, [the housing boom] led to a bad outcome with a foreclosure crisis. But that was due to funny mortgages that went to everyone without income documentation,' said Lawrence Yun,…
A report from CBC News. "While he did not describe what kind of actions he would take to stimulate jobs without overstimulating housing, Bank of Canada Governor Tiff Macklem said the bank would keep a close eye on the housing…
A report from Reuters. "Investors fueling an initial public offering bonanza are snubbing many U.S. mortgage providers’ stock market debuts over concerns that the sector might have reached its peak. 'Investors don’t like buying into a company at the start…
A report from the New York Post. "The best deals are to be found in Northwest Queens, where rent prices are down 17%, matching discounts in Manhattan — but in Queens, apartments were cheaper to begin with. Landlords are offering…