A report from Floor Daily. "'There are a lot of unhappy people in the housing market right now. Among the most miserable are sellers realizing they have listed their properties too late,' reports the Wall Street Journal. Homes that have…
A report from West Hawaii Today. "'For every percentage point interest rates go up, we lose 10-15% of our buyers,' said Gretchen Osgood, principal broker at Hawaiian Isle Real Estate in Kailua-Kona. With the market cooling, Osgood predicted that sellers…
A weekend topic starting with Yahoo Finance. "BRIAN CHEUNG: Yeah, let's start off with Wells...Double digit decline in mortgage income for this company when you consider that it used to be an over $1 billion revenue line. It declined 79%.…
A report from the Herald Journal. "What used to be outrageous is now the norm in Utah’s housing market. Erika Wiggins, an agent who specializes in the Sugar House neighborhood in Salt Lake City, said one of her clients offered…
A report from Jackson Hole News and Guide. "Looking to buy a house, Harry Richmond found one three or so hours away from San Francisco where he lives and works. But, just as the 33-year-old pharmaceutical industry employee was getting…
A report from Bloomberg. "Zillow, which acquired more than 3,800 homes in the second quarter, will stop pursuing new home purchases as it works through a backlog of properties already in its pipeline. 'We are beyond operational capacity in our…
A report from the Fort Myers News Press in Florida. "In a nutshell: 'The peak insanity is over,' said Denny Grimes, president of his team at Keller Williams Realty. That's bad news for sellers. 'We are starting to see prices…
A report from the Buffalo News in New York. "The median sales price in the Buffalo Niagara area has topped $200,000 for three straight months – the first time that has ever happened – and hit a record $225,000 in…
A report from Mansion Global. "Prices have soared as demand significantly outclips supply. But amid all the excitement, more contracts are also falling through, and many prospective buyers are placing offers sight-unseen, only to back out later. 'There is a…
A report from the Financial Post in Canada. "Bill Morneau had been finance minister for only 36 days when he first attempted to do something about runaway housing prices and mortgage debt. He announced in December 2015 that the minimum…