A report from CNBC. "'We actually believe the industry is already overbuilding in single-family to normalized demand by roughly 20% and about 10% for multi-family, so we couldn't be on more of an opposite side of where the market is…
A report from Mortgage Professional America. "With more than 20 years’ experience in the mortgage industry, Kirk Tatom, the president of Dallas-based Tatom Lending, started his company back in 2007. As for clients who were still determined to get the…
It's Friday desk clearing time for this blogger. "The stratospheric housing market may be returning to earth. Through the first eight months of the year, 28,306 homes were listed for sale in Greater Columbus, up 13.5% from the same period…
It's Friday desk clearing time for this blogger. "'This continued demand for homes is enticing more homeowners to sell in order to avoid the fear of missing out on historically high prices,' said Redfin Chief Economist Daryl Fairweather. Redfin reported…
A report from KTSP in Minnesota. "The housing market has been red-hot during the pandemic, but it could be cooling off. Existing U.S. homes sales rose 2% in July. For comparison, sales in June jumped about 23% from a year…
A report from Banker and Tradesman in Massachusetts. "Single-family buyers could be in store for a reprieve from the frenzied pace of price appreciation in recent years, as the number of homes for sale slid upwards slightly, to 5,518 statewide.…
A report from Geek Wire. "Redfin’s revenue jumped 121% to $471 million, and its net loss widened to $27.9 million from $6.6 million a year earlier. Redfin CEO Glenn Kelman also addressed the dynamics prompting Redfin to focus on growth…
A report from Mansion Global. "Prices have soared as demand significantly outclips supply. But amid all the excitement, more contracts are also falling through, and many prospective buyers are placing offers sight-unseen, only to back out later. 'There is a…
A weekend topic starting with Forbes on New York. "A glut of continues to plague property owners, who are beginning to relist apartments they had held off the market due to low prices. In the short term, and in select…
A report from King 5 in Washington. "A group of Seattle landlords are speaking out against extending the eviction moratorium and other policies designed at protecting renters. Charlotte Thistle, who owns one rental property, argues these policies don't protect small…