A report from the Mercury News in California. "Signs of a homebuilding decline are already clear. In San Francisco, for instance, several of the city’s biggest housing developments are reportedly stalled. And in Concord, a 16,000-unit megaproject still in the…
It's Friday desk clearing time for this blogger. "When mortgage rates hit 7% in the fall, Austin-based mortgage broker Aaron Kovac was a little spooked. After a stunning rise in home sales amid ultra-low interest rates, 'the market just went…
A report from CBS News. "The following is a transcript of an interview with JPMorgan Chase CEO Jamie Dimon that aired Sunday, Dec. 11, 2022. MARGARET BRENNAN: But in this moment we're in right now - you have mortgage rates…
It's Friday desk clearing time for this blogger. "Homeowners interested in selling are rushing to dump their domiciles before possible buyers run away. 'The thought of rising interest rates has lit a bit of fire to our timeline,' Meri Schroeder,…
A report from Bloomberg on New York. "Manhattan luxury-home sales had their best week of the year. The second-priciest home to find a buyer was a limestone mansion owned by financier Phil Falcone, at 22 E. 67th St., on the…
A report from Yahoo. "If you're looking to do major upgrades or are in the middle of one with a contractor, you might want to see if you can re-negotiate the cost of materials. Gregory Kyler, a Chicago-based licensed general…
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…
A report from Fox 5 Vegas in Nevada. "Assembly Bill 486 would pick up where the state eviction moratorium leaves off when it expires at the same time midnight. If signed, Nevada property owners temporarily won't be allowed to evict…
A report from the New York Post. "Looks like former MMA champion Ben Askren isn’t the only thing Jake Paul is knocking out. The multimillion-dollar California mansion that the controversial YouTube star bought in 2017 has been sold for $6.15…
A report from CNBC. "The Federal Reserve now owns more than a third of the agency mortgage-backed securities, or MBS market. At the start of 2019, the Fed held $1.6 trillion in agency MBS. It tapered that down to $1.37…