A report from the News Press in Florida. "Lee County Property Appraiser Matt Caldwell released his preliminary report on real estate values in Lee County during 2022. Two barrier island communities hit hardest by Hurricane Ian saw sharply falling values,…
It's Friday desk clearing time for this blogger. "According to the Realtor Association of Sarasota and Manatee, fewer Bradenton area homes changed hands in April than a year ago. Homes were also taking longer to sell and sellers weren’t always…
A report from the Herald Tribune in Florida. "'Sellers are listening more to their agents and being more realistic with asking prices,' noted Ellen O’Day, the managing broker for two of our Coldwell Banker Realty offices in Sarasota." The Los…
It's Friday desk clearing time for this blogger. "'The phone’s barely ringing,' said real estate agent John Silva of John Silva Realty & Associates in Orlando. 'Those high, skyrocketing prices we saw months ago, they aren’t moving anymore. They’re just…
A report from Market Place. "'Mortgage payments are going to be higher. They’re up more than 40% now from what they were last year for the median-priced home,' said Daryl Fairweather, chief economist at Redfin. Demand is starting to fall,…
A report from CNBC. "There's a 'big risk' of real estate companies filing for insolvency when interest rates rise, said Nils Kuhlwein of consulting firm Kearney. The real estate sector had the highest absolute number of 'zombie' companies and the…
It's Friday desk clearing time for this blogger. "Lenders should be better prepared to deal with home owners who are in danger of losing their home, the Consumer Financial Protection Bureau (CFPB) warned on Thursday. 'There is a tidal wave…
A report from the Daily Mail. "Property sales in New York City plunged 46 percent in 2020 from the prior year's level, costing $1.6 billion in lost city and state tax revenue, according to the Real Estate Board of New…
A report from CBC News in Canada. "Owners of condo units in Fort McMurray's troubled Hillview Park complex are worried about paying their bills after being hit with special assessments of up to $76,000. It's the third special assessment charged…
A report from Toronto Storeys in Canada. "Toronto’s real estate market took another hit in April, with the average rent for both 1 and 2-bedroom apartments down on a year-over-year basis, according to new data from the Toronto Regional Real…