It’s Time To Pay The Piper!
A report from the New York Post. "Spring may only have just begun, but the summer season in the Hamptons is already off to a blistering hot start. In Water Mill, a two-home compound spread across some 21 acres has…
Fleeing The Communist Government Of XYZ
A report from NBC News. "One of the first signs Barb Carter’s move to Florida wasn’t the postcard life she’d envisioned was the armadillo infestation in her home that caused $9,000 in damages. Then came a hurricane, ever present feuding…
There’s A Lot Riding On This New Economic Religion
A report from the Kitsap Sun in Washington. "A wave of new homes are being built on a hillcrest in Silverdale in the Skyfall neighborhood. The third phase of the project, made up of 29 single-family homes on lot sizes…
It Is A Very Difficult Minefield And We Will Have Made No Money
It's Friday desk clearing time for this blogger. "The price of newly built homes plunged last month as homebuilders sought ways to attract buyers who are feeling the pinch of higher mortgage rates. The median sales price of a newly…
More Time And Space To Ponder The Best Buy Means Negotiating Tools Are Here To Stay
A report from Fox Business. "Home listings were up by 13% year over year at the end of February, according to Redfin. This is the largest increase in three years. 'House hunters are out there, and competition picks up every…
Everyone Will Have Lost So Much Money, And Many Of Us Will Now Be Renting For The Rest Of Our Lives
A report from the Arizona Republic. "The number of February 2023 home sales in metro Phoenix was about 100 higher than February 2024, and the median price was about $28,000 less. 'If you found February’s sales volume numbers disappointing, you’re…
Living Through The Worst-Case-Scenario Of Homeownership
A report from Vail Daily in Colorado. "If Eagle County’s 2023 real estate dollar volume had immediately followed 2019, it would have been a new record. Instead, it represents a significant drop from the pandemic years. Meanwhile, the number of…
When Rates Are Low And Financing Is Cheap, Developers Build
A report from Realtor.com. "The official arrival of spring has also ushered in a pop of positive news for housing: A whopping 17.8% more sellers listed their homes in the week ending March 16 compared with last year. 'This is…
I Got My Ass Kicked Last Year, I Lost A Lot Of Money
A report from the Daily Mail. "After two years of rapid price growth, it appears Austin's housing bubble is finally about to burst. Properties in the Texan city are typically selling for $525,750 having declined almost $150,000 from their peak…
I’m One Of Those People Who Bought At The Peak But I Have To Sell
A report from Market Place. "The housing market was going gangbusters during the first part of the pandemic. It was a time of all-cash offers and bidding wars. 'People were doing crazy things,' recalled real estate broker Helen Jeong. 'People…