A report from the Asheville Citizen Times in North Carolina. "It was the epitome of a hot market: Local buyers so anxious to snap up a house, they wouldn't even bother to haggle with the seller. In fact, they would…
A report from KSAT in Texas. "Home prices in the Austin metro area have dropped $85,000 since last year, according to Redfin. Austin was among the pandemic boomtowns. Redfin analysts say those pandemic prices were unsustainable and 'are now coming…
A report from CBS News. "First Republic Bank's stock price continued to plunge Wednesday. After shedding half their value on Tuesday, First Republic shares tumbled nearly 30% to close at $5.69, with the New York Stock Exchange halting trading in…
A report from the Colorado Springs Gazette. "Home sales fell in March on a year-over-year basis, continuing a downward trend that began in the second half of last year, while prices last month dropped for the third time since December,…
It's Friday desk clearing time for this blogger. "After predicting that the sluggish housing market had started to rebound in January, Redfin this week blamed real estate market conditions as part of the reason for its latest round of layoffs.…
A report from Business Insider. "I felt pressured to buy a nearly $1 million house at age 27 — and I deeply regret it. This as-told-to essay is based on a conversation with Elsa, a 27-year-old software engineer who asked…
A report from Yahoo Finance. "Around 42% of homes sold in the final three months of 2022 included some kind of concession from the seller, Redfin data found. A separate study found that 13.6% of sellers also slashed their listing…
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 NBC News. "'It’s gonna be tough, layoffs are a common occurrence right now. We’ve had a frenzy and it’s come to a screeching halt,' said Linda McCoy, who runs a mortgage business in Mobile, Alabama. 'It’s going…