A report from Xinhua on Sweden. "For the first time in ten years, several construction companies have been forced to buy newly constructed apartments that failed to find buyers. 'It is a worse crisis now than ten years ago,' said…
A report from the Mercury News in California. "Michelle Ronco, senior product marketing manager with MLS subsidiary Aculist, put Silicon Valley’s housing market in perspective for local Realtors at a meeting in Los Gatos. Santa Clara County’s sales volume peaked…
A report from Forbes on New York. "Though New York already has a 'mansion tax'—a 1% tax on homes over $1 million—support for the pied-a-terre bill is gaining. 'Because many of these expensive properties are effective ways for foreign buyers…
It's Friday desk clearing time for this blogger. "'Rising interest rates can affect what a borrower can qualify for and the maximum purchase price or loan amount. It would mean higher monthly mortgage payments,' explained Alan Barbic, president of the…
A report from Reuters on Australia. "As property prices rocketed toward the heady peak of Sydney's real-estate boom in 2017, the bulldozers came to Epping. But prices are now in freefall, and the suburb is being refashioned once more, this…
A report from the Wall Street Journal. "Sales of previously owned homes fell in January, although a decline in home prices and mortgage rates could bode well for a pickup this spring. January marked the third consecutive month of declining…
A report from the Buffalo News in New York. "Rochester developer Robert C. Morgan's problems in Buffalo just got worse. The special loan servicer handling the $27.8 million commercial mortgage on the Raintree Island Apartments in the City of Tonawanda…
A report from the California used house salespeople. "Housing demand in California remained subdued for the ninth consecutive month in January as economic and market uncertainties sent home sales to their lowest level since April 2008, the CALIFORNIA ASSOCIATION OF REALTORS®…
A topic starting with part of an email I received this morning. "Ben, I’m just another good hard working young man in the oilfield and I’m desperate to escape worthless crooked landlords. I NEED a home for me and my…
A report from KGW 8 on Oregon. "For the first time in seven years Portland home prices have gone down, according to new numbers from Regional Multiple Listing Service. The apartment building boom has left many units vacant across the…