A weekend topic starting with DS News. "The share of online REO auction properties with competing bidders rose in the wake of the pandemic-induced economic crisis — similar to the trend in the retail market — but buyer competition at…
A report from Yahoo Finance. "A potential housing crisis is on the way for millions of Americans whose mortgage and rent deferrals are about to sunset. 'There are millions of Americans now unemployed due to the pandemic with greatly reduced…
It's Friday desk clearing time for this blogger. "Some buyers may look for deals, thinking all sellers are desperate to sell. But if this isn't you, there's no reason to cave or whittle down your home's price. 'Regardless of the…
A report from KOLD in Arizona. "The stock market dropped more than a 1,000 points amid worries about the novel coronavirus — concerns over the outbreak may impact the housing market, too. Tucson real estate broker Karl Kretzel said fear…
Two reports from the Wall Street Journal. "A flock of vulture investors is circling China: large money managers including Blackstone Group, Lone Star Funds and Oaktree Capital as well as Bain Capital. In the past few years global investment firms…
A report from Mother Jones on California. "By the time Dominique Walker started squatting in an Oakland home with her five-year-old daughter and one-year-old son, she’d exhausted all other options. Walker, who had fled domestic violence in Mississippi, knew it…
It's Friday desk clearing time for this blogger. "John Bryan was one of dozens of investors spending thousands of dollars to buy properties from a Florida-based company that flipped homes in Johnstown, promised to manage the properties and pay them…
A report from the Palm Beach Post in Florida. "The consensus seems to be there’s no firm consensus about what the future holds this season for Palm Beach homebuyers and sellers, according to conversations with several brokers and agents who…
A report from Reuters. "Citibank has agreed to pay a $30 million fine to settle charges of repeated violations of real estate holding rules and for failing to meet its commitment to take corrective actions, the U.S. Office of the…