A weekend topic starting with Fox Business. "St. Louis Federal Reserve President James Bullard agrees with Powell that it’s time to start reducing its $120 billion monthly purchases of Treasury and mortgage-backed securities. 'At this point, I'm not sure these…
A report from For Construction Pros. "July’s drop in U.S. housing starts outstripped forecast declines as consumer sentiment toward financed purchases faded to the lowest level since 2011. 'There is no question that home building has hit some sort of…
A weekend topic starting with the Star Tribune in Minnesota. "Why does Duluth have a housing shortage if the population is barely growing? 'I don't necessarily accept the narrative that Duluth isn't growing given all the complex factors,' said Noah…
It's Friday desk clearing time for this blogger. "Median selling prices in July declined 10% from June’s record high of $812,000 for a single-family home. Multiple offers are also down, as well as the number of bidding wars, according to…
A report from KBTX in Texas. "Sales are booming in the Brazos Valley. Laura Walker’s been in the market since mid-May looking at homes for her parents. They’re retired and looking to move from North Carolina. 'I kind of had…
A report from the Sioux Falls Argus Leader in South Dakota. "It’s a bit like Black Friday, but for homes instead of 72-inch TVs. Home buying is so competitive now that anyone looking has to plan ahead, down to their…
A report from Politico. "House prices are surging, stocks have continued their stratospheric rise, and banks have more cash than they know what to do with. Yet the Fed is still pumping billions into the economy. Why? That’s what a…
A report from Bisnow. "WeWork has washed its hands of WeLive, the co-living brand it launched a half-decade ago with grand aspirations. Around the time of the two openings, WeWork was telling investors that by 2018, it projected WeLive would…
A report from the Globe and Mail. "It’s a troubling question that has been echoing through the condo towers in Canada’s largest cities for the past two weeks: Could the disaster in suburban Miami happen here? Existing Canadian condo rules…
A report from Toronto Storeys in Canada. "While Canadian real estate prices fell slightly in May — down 1.1% from April to an average of a little over $688,000 — Canada’s housing market is still flashing red warning signs that…