The Frenzy Is Not There
A report from Spectrum News on North Carolina. "Realtors in the Triangle say an inventory crisis is making the market frustrating for buyers but a great time for people looking to sell. 'We know it sounds crazy to offer what…
Ownership Is The Dream…And The Devil’s Bargain
A report from Toronto Storeys in Canada. "While Canadian real estate prices fell slightly in May — down 1.1% from April to an average of a little over $688,000 — Canada’s housing market is still flashing red warning signs that…
The Seller Said Obviously The Market Was Speaking
A report from the Real Deal. "Theresa Battle’s first thought each morning is whether today is the day she’ll lose her two-story house in Jamaica, Queens, to foreclosure. Battle runs a daycare center out of the property. Like millions of…
We’re Stuck, We Can’t Sell, And We Can’t Leave
A report from KRON in California. "Homes have sold for over $1 million over asking price. In the Bay Area, this was the case for a house in Mountain View which sold for about $5.5 million within days of posting.…
Ambitions Not Aligning Directly With Reality
A weekend topic starting with Forbes on New York. "A glut of continues to plague property owners, who are beginning to relist apartments they had held off the market due to low prices. In the short term, and in select…
This Was Never Part Of The Plan
A weekend topic starting with Cayman Compass. "More than a year ago, during the midst of a coronavirus lockdown, hardly anyone predicted that property prices in Cayman would continue to rise. For the construction and real estate industry, forecasts turned…
This Is Known As A Buyers Market, It’s Rock Bottom And Can Never Go Lower Than These Prices
It's Friday desk clearing time for this blogger. "The Acadiana real estate market could be leveling out after months of runaway activity for months. Home sales dipped in Lafayette Parish and in the region last month, typically a busier month…
All Hell Will Break Loose If We Start Doing That!
A report from Fox 13 News in Florida. "Home values throughout the Tampa Bay area are increasing by the day. Real estate agent Vincent Arcuri says around 90% of homes are selling over the asking price. 'It's at a frenzy…
A Shack Isn’t A Veblen Good
A report from the Concord Monitor in New Hampshire. "When it comes to real estate, Rick and Jenn Kelly benefit from their entrepreneurial spirit, hard-work ethic and ability to spot diamonds in the rough – plus their capacity to seize…
Buyers Are Finally Saying, I’m Not Going To Pay It
A report from the San Francisco Chronicle in California. "San Francisco’s pandemic-battered condo market bounced back with a vengeance this spring, scoring its busiest three-month period in at least 16 years as vaccinated buyers rushed back into the city to…