A report from ABC 15 in Arizona. "'Home prices are now down 8% in Phoenix compared to the 2022 spring peak, which is twice as large as the decline in prices nationally, but still lower than declines in the Bay…
A report from Axios on Arizona. "A New York Post article reporting that Goldman Sachs has forecast a 2008-level housing crash in Phoenix sent ripples through the Valley's real estate industry last week.The median Phoenix home sale price, which was…
A report from the San Francisco Chronicle in California. "Ben Jiang retrieved a key from a lockbox and worked to untangle a mass of chains securing the front gate of his house. Inside, raunchy graffiti covered several walls and doors,…
A weekend topic starting with Reason. "In 2010 Thomas Hoenig, then the president of the Federal Reserve Bank of Kansas City and a member of the central bank's Federal Open Market Committee, thought he was seeing history repeat itself. In…
A report from Mansion Global. "2022 marked the end of a long and prosperous run in San Francisco’s luxury housing market. Patrick Carlisle, chief market analyst in the San Francisco Bay Area at Compass: it’s 'an excellent time for buyers…
A report from West Hawaii Today. "Realtor Gretchen Osgood, principal broker at Hawaiian Isle Real Estate, said homes that have sold for $1 million are now being sold for $900,000 as sellers reduce their prices to attract buyers. Even though…
A weekend topic starting with WPTV in Florida. "Genide Nazaire has been house hunting for two years. The latest figures show mortgage rates have hit a 20-year high, forcing Nazaire to stay put. 'We have just renewed our lease, which…
A report from the Associated Press on Florida. "'Prices never go up forever,' said Ana Bozovic, analyst at Analytics Miami. 'The steady ramp up we have had through mid-2022 was neither normal nor sustainable.' Housing prices fell again last month…
A weekend topic starting with Mortgage Professional America. "'We were overpaid for a couple of years,' said Dan Lourenco, a loan consultant at Mortgage Navigators. 'and it was too easy. Now you have to work a little bit. This year,…
It's Friday desk clearing time for this blogger. "'Broadly speaking, all real estate valuations are likely to come down in the coming months, since there is little doubt that interest rates will continue to rise, perhaps substantially,' Reveeille Hospitality Chief…