It's Friday desk clearing time for this blogger. "The streets aren’t being easy on Zillow, which is reportedly losing money on homes it bought to flip, but are instead proving flops. The winners of the real estate fumble include seller…
A weekend topic starting with the Review Journal in Nevada. "After a prolonged hot streak in the housing market, at least one flipper is maxed out. Zillow announced it will not sign any new contracts to buy homes 'through the…
A report from Arlington Now in Virginia. "In terms of homes experiencing a price reduction in Arlington County, things are hot, hot, hot. Within the past week, we’ve seen a nearly 20% uptick in these listings. Approximately two listings per…
A report from the News Press in Florida. "The Bonita Springs and Estero markets are still seeing price reductions each month, and area appraisers also report that current pricing is correlating with current appraisals for those properties accurately priced. For…
A weekend topic starting with the Staunton News Leader in Virginia. " According to the Greater Augusta Association of Realtors, there are 370 listings currently active. Previously, it was a challenge to sell over $350,000, but looking at the current…
A report from the Coeur d’Alene Press in Idaho. "Kristen Johnson, Coeur d’Alene Association of Realtors president said there aren’t as many competitive offers on homes as there were earlier this year, so the market is seeing some price reductions.…
A report from Fortune. "So why is inventory rising now? 'There’s a mentality among some sellers that if they don’t sell now, they’ll miss their opportunity to get top dollar,' said Ali Wolf, chief economist at Zonda." From ROI New…
A weekend topic starting with Fox Business. "St. Louis Federal Reserve President James Bullard agrees with Powell that it’s time to start reducing its $120 billion monthly purchases of Treasury and mortgage-backed securities. 'At this point, I'm not sure these…
A weekend topic starting with the Star Tribune in Minnesota. "Why does Duluth have a housing shortage if the population is barely growing? 'I don't necessarily accept the narrative that Duluth isn't growing given all the complex factors,' said Noah…
A weekend topic starting with Tulsa World in Oklahoma. "In August 2019, the median sale price of Tulsa homes was $165,000. That number has jumped nearly 34% to a median sale price of $221,000 in 2021, according to realtor.com. 'The…