A weekend topic starting with Business Insider. "Investor Bill Gross warned of more pain for bond investors as US fixed-income assets head for an unprecedented three-year slump. 'The government first threw money out of a helicopter and almost all of…
It's Friday desk clearing time for this blogger. "'The sharpest price decline in Utah’s real estate history occurred from May 2022 to January 2023,' wrote the report’s authors, housing researchers Jim Wood and Dejan Eskic. In those eight months, the…
It's Friday desk clearing time for this blogger. "Austin, Phoenix and San Jose have seen home prices fall since the beginning of the year, but those markets were already among the most expensive in the nation. But now price declines…
A weekend topic starting with Denver 7 in Colorado. "Community advocates on Thursday shared mixed feelings about Denver Mayor Mike Johnston's plan for nearly a dozen potential sites across the metro area to house 1,000 homeless by the end of…
A report from Bay City News Service in California. "Bay Area cities have experienced some of the biggest drops in home prices across the country, including Dublin at the top of the list, according to a new study evaluating typical…
A report from Reuters. "New home sales dropped 2.5% to a seasonally adjusted annual rate of 697,000 units last month, the Commerce Department said on Wednesday. May's sales pace was revised lower to 715,000 units from the previously reported 763,000…
It's Friday desk clearing time for this blogger. "Jonathan Miller, CEO of real-estate consulting firm Miller Samuel said, 'Naples saw a price boom [during Covid] that…benefited from the restructuring of Florida as a place to live full time.' Median prices…
A report from Bloomberg. "Worsening conditions in the U.S. mortgage-backed securities market are doing little to ease fears over financial contagion. Demand for home purchases and refinancing continued to take a hit last month, as U.S. mortgage rates increased to their…
It's Friday desk clearing time for this blogger. "U.S. existing-home prices posted their biggest year-over-year decline in more than 11 years last month. The national median existing-home price fell 3.1% in May from a year earlier to $396,100, the largest…
It's Friday desk clearing time for this blogger. "Owners with a mortgage lost a small amount of equity last quarter — an average of $5,400 per borrower — marking the first annual decline since 2012, according to CoreLogic. But home-equity…