It's Friday desk clearing time for this blogger. "Americans treated their homes like ATMs last year, withdrawing $152.7 billion amid a cash-out refinancing spree not seen since before the 2008 financial crisis. Mortgage rates fell below 3 percent for the…
A report from Yahoo Finance. "In a client note this week titled 'Escape From New York', Jefferies chief market strategist David Zervos described how the coronavirus reversed decades-long trends of high-end gentrification for New York City. 'I'm bullish on the…
A report from the Review Journal in Nevada. "Las Vegas’ housing market is defying logic. It has heated up with fast sales and a monthslong streak of record prices despite the bleak economy, raising the question locals often ask: Is…
A weekend topic starting with Bloomberg. "Regional players New York Community Bancorp Inc. and Signature Bank are becoming a case study for potential trouble from a sudden downturn in the Big Apple’s property sector, and their share prices are suffering.…
It's Friday desk clearing time for this blogger. "The good news for buyers is that inventory is rising in places such as Arlington County and Alexandria, up 39% and 38% respectively compared to a year ago. 'We’re seeing huge increases…
A weekend topic starting with the Star Press in Indiana. "In its general form, Gresham’s Law tells us 'the bad crowds out the good.' Whether it’s in currency, politics or in the realm of ideas, this modest proposition warns us…
A report from the Globe and Mail in Canada. "When he was offered a job in British Columbia, Todd Kemper figured a potential loss on the sale of his house might be the price he had to pay to leave…
Two reports from the Globe and Mail in Canada. "This two-bedroom, two-bathroom 811-square-foot unit is in a 21-year-old building in South Vancouver, overlooking the Fraser River. The seller was moving out of town and the property was originally listed for…
A report from Toronto Life in Canada. "When the pandemic hit, Christine Morra was forced to shut down her Blue Mountain Airbnb rental. We spoke to her about adjusting to the new normal. 'In 2017, we bought a two-bedroom condo…
A report from Post Media on Canada. "April can be one of the better months of spring, but April 2020 will be most remembered as the month of the fall. To put it mildly, the month was not a good…