A report from Bloomberg. "Residential starts fell 9.4% to a 1.26 million annualized rate on weakness in the multifamily category after an upwardly revised 1.39 million pace in the prior month, according to government figures released Thursday that missed estimates in…
A report from the Houston Chronicle in Texas. "These investors fix and flip, and the faster they sell a home, the lower their holding costs and the greater their profit. That’s the way it’s supposed to work. But two years…
A report from the Miami Herald. "About two years ago, Janet LeGrand — also known by her maiden name, Janet Garcia — used what Homestead police called a fake engineering firm and a falsified résumé to try to dupe the…
A report from CNBC. "Mortgage rates are around the lowest in three years, but buyers are suddenly much more cautious about purchasing a home. Competition is cooling, and consequently sellers can no longer command any price. At an open house…
A report from Bloomberg on New York. "Apartments in Manhattan’s Financial District aren’t exactly trading like blue chips on the nearby New York Stock Exchange. After a spurt of construction aimed at foreign buyers, whose numbers are dwindling, and finance…
A report from KTVU in California. "Donald Kilmer and his wife are in the process of selling their 4-bedroom home in the Cambrian area of San Jose and moving to Idaho. But prices have dropped. According to Redfin, the San…
A report from CNBC. "Homebuilders and buyers alike are pulling back, even as mortgage rates fall to multiyear lows. Just 12% of adults said they plan to buy a home in the next year, according to the National Association of…
A report from Globe St. "As the cycle continues to mature, apartment developers are seeing more opportunities for ground-up apartment construction in semi-urban or urban-core-adjacent neighborhoods and mid-rise construction. Some capital sources have been concerned about overbuilding in urban core…
A press release from Redfin. "Eleven percent of offers nationwide faced a bidding war in July, down from more than 45 percent a year earlier, according to Redfin. The national bidding war rate hasn't surpassed 15 percent since November 2018,…
A report from Forbes. "Knock’s 'top ten markets with the most current listings predicted to sell below original list prices' include in descending order Miami, Chicago, Hartford, Houston, New Orleans, Tampa, Pittsburgh, New York, Jacksonville, and St. Louis. In Miami,…