A report from Business Insider. "After wealthy New Yorkers fled to the seaside haven on Long Island during the pandemic, the boom has ended. One Hamptons broker told CNBC that the area was 'chocked with supply,' while another told the…
A weekend topic starting with Yahoo Finance. "As Wall Street debates the cause of First Republic’s troubles, one analyst blames the nation’s top financial regulators. Fed Chair Jerome Powell and Treasury Secretary Janet Yellen were 'advocates of the strategy called…
A report from KVUE in Texas. "After a red-hot Austin housing market, a new report from Zillow shows us just how quickly it's cooling off. The average home value in the Austin-area is down 12% since the record highs we…
A weekend topic starting with Politico. "The Federal Home Loan Banks, a group of government-sponsored lenders whose mission is to finance housing and community development, loaned tens of billions of dollars to three crypto-friendly banks before they failed last month.…
A weekend topic starting with the Telegraph. "Stephen Schwarzman, the chief executive of the world’s largest private equity firm, is not someone who takes kindly to criticism. So when Blackstone was last month forced to limit investor withdrawals from its…
A weekend topic starting with Fortune. "In 2005, Fed Chair Alan Greenspan told Congress that a 'bubble in home prices for the nation as a whole does not appear likely.' Of course, not only had a housing bubble formed, it…
A report from NBC San Diego in California. "Gone are the days of 30 bids raising a home’s prices overnight. 'That market is done. It’s completely dead,' declared Miguel Contreras a real estate consultant. 'If you’re a seller, you have…
A weekend topic starting with the LA Daily News. "Q. Am I wrong to suggest that prices are already falling sharply, we just can’t see it? Wolf: I don’t think falling home prices are widespread yet, but there are absolutely…
A report from the Mortgage Research Council. "In July, there were 63,000 agreements for homes that were called off, about 16% of homes that were under contract, according to Redfin. That’s an increase from a revised rate of 15% in…
A weekend topic starting with Sparta Independent on New Jersey. "'It was ticking upward, but in the last 90 days or so, prices have started to flatten out, if not come down slightly,' explained Realty Executives broker and Manager Nicole…