A weekend topic starting with Market Watch. "Home prices are falling, but the housing market is still too expensive for most Americans. The median price of a home in the U.S. was about $400,000 — about 5.6 times the real median…
A report from USA Today. "'Prices would not have fallen if the Federal Reserve did not raise interest rates so aggressively,' says National Association of Realtors’ Chief Economist Lawrence Yun. 'One casualty of the Fed’s policy, aside from the regional…
A report from The New Orleans Advocate in Louisiana. "When Roxanna Campos and her husband put their 40-year-old Bucktown house on the market in January, they thought the three-bedroom brick Ranch would be a quick sell. As a local real…
A weekend topic starting with the Telegraph. "Stephen Schwarzman, the chief executive of the world’s largest private equity firm, is not someone who takes kindly to criticism. So when Blackstone was last month forced to limit investor withdrawals from its…
A report from The Chronicle in Washington. "From October to November, home prices fell 10.54% in Lewis County, dropping from $427,000 in October to $382,000 in November, compared to a monthly decrease of 3.63% in Pacific County, 5.62% in Cowlitz…
It's Friday desk clearing time for this blogger. "'I’ve felt a massive drop,' says Sabrina Must, who in the height of the pandemic could command more than $1,000 per night on a holiday weekend in Encinitas, California but now has…
A report from KLAS in Nevada. "Housing prices continued to tumble in November, according to Las Vegas Realtors. Prices have nearly fallen to where they were a year ago — a median price of $420,000 in November 2021 — erasing…
A weekend topic starting with Fortune. "In 2005, Fed Chair Alan Greenspan told Congress that a 'bubble in home prices for the nation as a whole does not appear likely.' Of course, not only had a housing bubble formed, it…
A weekend topic starting with the Dallas Morning News in Texas. "'A lot of builders are very worried right now,' said Phil Crone, executive director of the Dallas Builders Association. 'They pushed all their chips in to try to keep…
It's Friday desk clearing time for this blogger. "The Federal Reserve looks on course to lose money next year as it raises short-term interest rates to try to rein in inflation, according to former New York Fed President William Dudley.…