Second Half Of 2019 In Review
This is the selection of posts from the second half of 2019. I've focused on lending, US markets only and there's much more at each link to read. I'll have more in the comments below later. Thanks for dropping by.…
Rather Than There Being A Housing Shortage, It Increasingly Looks Like The Pendulum Is Swinging In The Other Direction
It's Friday desk clearing time for this blogger. "For the fifth time this year, home prices in Ada County have reached record-setting highs. Even if it benefits him with higher commissions, Rick Gehrke, a real estate agent who sells in…
The Rock Stars Of The Real Estate Recovery And The Emerging Third Wave Of Distress
A report from DS News. "Foreclosure auction inflow data points to a third wave of post-recession distress building in late 2019 and early 2020. A total of 43,232 residential properties nationwide were referred to Auction.com in Q3 2019 for a…
It’s Sick Because It’s Done By Design
A report from the Dallas Observer in Texas. "Khraish Khraish is no longer in the low-rent landlord business. Three years ago, Khraish was among several large-scale landlords targeted by the former mayor and City Council in a campaign to drive…
If You Want To Crash A Real Estate Market, Feeding Debt Is Exactly The Way To Make It Happen
A weekend topic starting with NPR. "This week's Democratic presidential debate touched on a topic that usually doesn't get much attention in these forums. ELIZABETH WARREN: Our housing problem in America is a problem on the supply side. And that…
Offering Token Slivers Of Price Reductions Won’t Do The Trick
A report from KOMO News in Washington. "Sale prices for new homes fell 12.1% year over year in the Seattle metro area in the third quarter, according to a new report. The report also found the price per square foot…
A Lot Of These Risky, Expensive Mortgages Are Being Issued To Debt-Strapped Borrowers With Very Little Financial Wiggle Room
A report from Westword on Colorado. "Over the past year or so, there's been debate aplenty about whether Denver's real estate market has finally started to cool off after being red-hot for the past few years. Megan Aller, a sales…
This Glut Of Real Estate Is Going To Have To Be Dealt With
A report from Bisnow. "A strong jobs report, the stock market performing at record highs and low interest rates continue to fuel U.S. commercial real estate’s prolonged growth cycle. But overall economic growth has fallen as the year progresses, raising…
No One Wants To Admit The Shift Happened
A report from the Douglas Digital Daily in California. "Forget what’s fashionable in floor plans, decor or color palettes. This year’s hot housing flavor is something every house hunter can agree upon: a price discount. It’s no blip. The frequency…
Conditions Have The Realtors Suggesting The Once Unthinkable
A report from Builder Online on New York. "The number of homes for sale reached new highs in Brooklyn and Queens and jumped to near-highs in Manhattan, according to the Q3 2019 StreetEasy Market Reports. In Manhattan, the index fell…