A report from Bloomberg. "Zillow’s iBuying business loses money, so stopping purchases should help its bottom line, analyst Ygal Arounian said in a note. 'This feels like they bought way too many homes and they’re trying to work off that…
A report from CNBC. "'We actually believe the industry is already overbuilding in single-family to normalized demand by roughly 20% and about 10% for multi-family, so we couldn't be on more of an opposite side of where the market is…
A report from Banker and Tradesman. "The coming weeks and months present a challenge to reporters and editors covering the Massachusetts real estate market. After 18 months of precipitous price jumps, this summer saw hints that the speed of those…
A report from the Washington Post. "Q: When we bought our house nearly 27 years ago, we wondered if we were overpaying. It was the mid-1990s, and houses in our neighborhoods of choice were in extremely short supply. The math…
A report from the Idaho Statesman. "It may be a relief to hopeful home buyers to see local median home prices fall for the first time in more than a year. 'There’s a psychology behind it,' said Jennifer Louis, a…
A report from the Idaho Press. "The rising prices meant Boise’s relative affordability to outsiders dwindled. 'At some point, though, prices can't increase over 30% per year,' said Julene Webb, Real Estate Consultant with Group One Sotheby’s International Realty. 'That…
A report from KTSP in Minnesota. "The housing market has been red-hot during the pandemic, but it could be cooling off. Existing U.S. homes sales rose 2% in July. For comparison, sales in June jumped about 23% from a year…
A report from For Construction Pros. "July’s drop in U.S. housing starts outstripped forecast declines as consumer sentiment toward financed purchases faded to the lowest level since 2011. 'There is no question that home building has hit some sort of…
A report from Banker and Tradesman in Massachusetts. "Single-family buyers could be in store for a reprieve from the frenzied pace of price appreciation in recent years, as the number of homes for sale slid upwards slightly, to 5,518 statewide.…
A report from the Shawnee Mission Post in Kansas. "Full tilt. With no emergency brake. That’s how some have described the pace of the housing market in 2021. But with cooler fall air just around the corner, we are starting…