A report from the Sun Sentinel in Florida. "More inventory is coming back to the housing market and closed sales are plummeting as the buyer frenzy of the past year starts to taper. 'Buyers cannot handle these high prices and…
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A report from 19 News Cleveland. "Layoffs happened at a popular home mortgage company headquartered in Northeast Ohio. Union Home Mortgage in a statement told 19 News they are temporarily adjusting staffing levels to accommodate rapidly changing conditions in the…
A report from CNBC. "There's a 'big risk' of real estate companies filing for insolvency when interest rates rise, said Nils Kuhlwein of consulting firm Kearney. The real estate sector had the highest absolute number of 'zombie' companies and the…
A weekend topic starting with Quartz. "The press has noted that more than 6 million homes may be sold this year, more than any time since 2006. For those familiar with real estate busts, this may be an ominous sign.…
A report from Verify. "In the summer of 2021, the market started to slow down. However, Zillow Offers according to Mike DelPrete didn’t slow down with the market. 'What happened is they ended up buying a lot of houses and…
It's Friday desk clearing time for this blogger. "As of Oct. 24, Zillow had 250 homes on the market in metro Phoenix that were on average priced 6.2% below what the company had paid for them, according to Greg Hague,…
A report from Bloomberg. "No city exemplifies the mania of the Covid-era U.S. housing market better than Boise, Idaho. But in a sudden reversal, buyers are now the ones with power. Asking prices for houses are being slashed. Demand has…
A weekend topic starting with the Staunton News Leader in Virginia. " According to the Greater Augusta Association of Realtors, there are 370 listings currently active. Previously, it was a challenge to sell over $350,000, but looking at the current…