Three reports from the Wall Street Journal. "Last spring, a real-estate lender hired three ratings firms to rate a series of bonds backed by speculative real-estate loans. Only one of the three got to rate all the bonds. Moody’s Corp.…
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.…
It's Friday desk clearing time for this blogger. "The figures from the Greater Boston Association of Realtors point to a market that, while certainly pricey, is significantly less frenzied than it was a year or two ago, when buying a…
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…
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…
A report from Minnesota Daily. "For around $1,735 per month, you can rent a one-bedroom, one-bathroom penthouse apartment at Hub Minneapolis, one of the newest luxury apartments aimed at students near the University of Minnesota. The apartment complex is roughly…
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…
It's Friday desk clearing time for this blogger. "Softening luxury markets throughout major U.S. metros have pushed average sales prices down for top-priced homes from the turbulent highs of a few years ago, leaving many luxury homeowners—from New York City…
A report from Bloomberg. "New York City’s struggling luxury condo market is providing a prominent developer with an opportunity to expand the lending unit it launched last year. Silverstein Properties Inc., looking to double its lending business to more than…
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…