A report from KIRO in Washington. "Inventory is up, prices are down but buyers are backing out of the Seattle housing market. The Emerald City just scored the top spot on Redfin’s list of fast-cooling real estate markets in the…
A report from the New York Post. "'Don’t panic,' said Jacob Channel, a senior economist at LendingTree. 'What you absolutely shouldn’t do in a period like this is panic and think the sky is falling. If you do that, you’re…
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…
A weekend topic starting with the Marina Times in California. "San Francisco’s real estate market may be cooling off a bit. 'Some tech folks have lost up to a third of their stock portfolio’s value this year. Along with other…
A report from the Idaho Press. "Brett Hughes, owner of Boise Premier Real Estate said in 2010 less than three homes in the million-dollar price range were sold in Ada County. That is partially because many of these homes that…
A weekend topic starting with Go Local Prov. "In Rhode Island, GoLocal reported that in March that Santander Bank was expected to lay off nearly 200 employees. The layoffs by Santander are taking place across the globe. 'What’s behind banking…
It's Friday desk clearing time for this blogger. "The average sale price of a single-family house in Mesa has increased 55% in two years and while home prices likely will continue to rise, mortgage rates and an apparent cooling in…
A report from Candy's Dirt in Texas. "'We’re seeing the results of buyer exhaustion. These poor guys and gals are no longer willing to be one of 40 offers and pay so far beyond an already inflated asking price,' said Travis…
A report from the Idaho Statesman. "A one-bedroom apartment in downtown Boise costs about $350,000 to build, and one elsewhere in the Treasure Valley costs about $270,000, said Clay Carley, a developer. Outside of downtown, Jim Tomlinson, a developer with…
A weekend topic starting with Bankrate. "'Effectively, increased mortgage rates reduce conventional buyers’ buying power by 9% to 10% to 11%, pending their debt-to-income ratio,' said Baron Christopher Hanson of Echo Fine Properties. 'Pre-approved buyers for $500,000 to $1 million…