A weekend topic starting with Bloomberg. "The US mortgage industry is seeing its first lenders go out of business after a sudden spike in lending rates, and the wave of failures that’s coming could be the worst since the housing…
It's Friday desk clearing time for this blogger. "Kansas City area Realtors are looking ahead to the next few months in the housing market. 'Six months ago, you can go to a seller, you can say, ‘Hey, throw me out…
A report from the Review Journal. "LVR reported the median price of existing single-family homes sold in Southern Nevada through its Multiple Listing Service during June was $480,000. That was down from the all-time record price of $482,000 in May,…
A report from Fortune. "The regional housing markets seeing the most price cuts are in the very places that soared the most during the pandemic. As that pandemic housing boom fizzled out last month, things shifted quickly in Provo. In…
A weekend topic starting with the Tribune in California. "Convicted fraudster and former Atascadero Citizen of the Year Kelly Gearhart was released from federal prison Wednesday. Gearhart, a former real estate developer in San Luis Obispo County, pleaded guilty to…
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 report from Mortgage Professional America. "'Bidding wars are still happening, but buyers are starting to get more breathing room,' said Jill Thompson, a Redfin agent in Indianapolis, where the bidding-war rate dropped to 36.8% in November from 73.6% in…
A report from the Honolulu Star advertiser in Hawaii. "A Hong Kong-based company with plans to develop an Atlantis-themed resort along with two other big hotel and residential projects in West Oahu has been trying to sell all three properties…
A weekend topic starting with The Intercept. "If you were reading the news back in 2008, then you probably remember how residential mortgage backed securities fueled by subprime mortgages tanked the global economy. Now John Flynn, a veteran of the…
A report from the Daily Independent in Kentucky. "The Ashland area real estate market continues to demonstrate significant strength despite coming off a record year for home sales in 2018. Veteran real estate agent Cindy Conley-Jones said sales are hot…