A report from Danielle DiMartino Booth at Bloomberg. "The Covid-19 pandemic has unleashed numerous unexpected economic consequences. One that has turned out to be good for the economy but could end up being disastrous is the boom in mortgage refinancings.…
It's Friday desk clearing time for this blogger. "Founded in 2017 by CEO Yifan Zhang and cofounder Adam Stelle after she realized she could cover her mortgage by renting a room in her Seattle house on Airbnb, Loftium was expanding…
A report from Chicago Magazine in Illinois. "Chicago’s luxury condo market has cooled off significantly since 2018, but don’t expect a Manhattan-style meltdown. In a plunge described by commentators as a 'bubble' and 'bloodbath,' the median price of high-end condos…
A report from Mansion Global. "Home buyers in Los Angeles County, once one of the nation’s most competitive housing markets, are now gaining the upper hand. The city ranked No. 6 in the nation for top buyer’s markets in the…
A report from Marketplace. "It’s never easy to set the price of a home. It gets even trickier in a cooling housing market. Nancy McInerny of Aberdeen, Maryland listed her four-bedroom house for $399,000 in January. Four months and two…
It's Friday desk clearing time for this blogger. "Real estate experts say the Nashville housing market is cooling. Entry-level inventory is up a whopping 29.5 percent. Zillow economist Skylar Olsen said, 'One of the other things that's nice and why we know things are…
A report from the Orange County Register in California. "Last month saw Southern California home sales fall 11.7 percent from February 2018 levels, with just 13,466 houses, condos and townhomes changing hands, CoreLogic reported. That’s the smallest sales tally for…
A report from the Orange County Register in California. "Southern California’s housing market hit a big pothole in September, with home sales sinking almost 18 percent from the year before, CoreLogic reported. It’s the biggest sales drop in nearly eight…
A report from the Santa Cruz Sentinel in California. "The California housing market posted its largest annual sales decline since March 2014 in September, as home sales fell below the 400,000-level benchmark for the second consecutive month. This indicates that…
A report from the Orange County Register in California. "Southern California home sales hit a four-year low this past summer as rising costs and a lack of affordable homes cut into home shopper’s buying power, real estate data firm CoreLogic…