Get Real, Average Turkey
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…
Sellers Who Were Hoping For Top Dollar Are Suddenly More Realistic And More Motivated
A report from the Coeur d' Alene Press in Idaho. "The wild real estate market ride in Kootenai County might be calming down. As of Sept. 9, there were over 1,200 local MLS listings. That's more than triple the number…
It’s Not A Matter Of If But When This Housing Bubble Will Burst
It's Friday desk clearing time for this blogger. "In Seattle, the median single-family home price of $896,500 is up about 11% from last July but down from a $919,000 peak in May. 'Buyers feel like they can be a little…
The Difficulty In Selling Stems From Its Price Point
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…
No One Wants To End Up Holding The Bag
A report from Forbes. "Sagaponack, New York’s 11962 marked its third consecutive year as the second most expensive Zip code in the United States. Its $3.875 million median price was the result of a 10% year-over-year drop — the fourth…
They Have So Many Empty Apartments, They’re Desperate
A report from the Daily Journal in California. "In San Mateo, rents have dropped an average of almost 15% since this time last year, according to reports from rental databases Zumper and Apartmentlist. The county’s median home sales price reached…
The Bigger The Bubble, The Bigger The Bust
A report from the Wall Street Journal. "Mariano Rivera, the retired Major League Baseball pitcher, is listing his home in Rye, an affluent community in Westchester County, N.Y., for $3.995 million. Mr. Rivera and his wife bought the property in…
Some Experts Are Starting To Drop The F-Bomb
A report from Seven Days in Vermont. "Signs of the times were impossible to miss along the Church Street Marketplace in Burlington. 'For lease' signs hung in windows once occupied by retailers. Uncommon Grounds coffeehouse, Half Lounge speakeasy, David's Tea,…
Buyers, Anticipating Prices Will Fall Further, Are Practicing Wait-And-See
A report from the Seattle Times in Washington. "Home prices in Seattle and the surrounding counties took a dip of 1.3% in June compared to last year, according to the latest datafrom the S&P CoreLogic Case-Shiller home price index. The…
It’s An Understood Dynamic That They’re Going To Have To Cut Their Pricing
It's Friday desk clearing time for this blogger. "After two years of historic year-over-year home value jumps in the greater Nashville market, a cooling trend has taken hold. Sellers are dropping prices, buyers are getting more concessions and competition for properties has eased.…