It's Friday desk clearing time for this blogger. "In North Texas at least, the chief economist at redfin sees evidence of the market cooling off — at least a little. 'We're already seeing price drops happen. I think sellers have…
A report from DS News. "An estimated two million homeowners remain in forbearance plans. By stage, 10.7% of total loans in forbearance were in the initial forbearance plan stage, while 83.1% were in a forbearance extension, and the remaining 6.2%…
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 weekend topic starting with the Laguna Beach Independent in California. "A court-appointed receiver reported Friday that debts are racking up at real estate developer Mohammad Honarkar’s portfolio of 18 hospitality and event properties in Laguna Beach, according to court…
A report from the Financial Post in Canada. "Bill Morneau had been finance minister for only 36 days when he first attempted to do something about runaway housing prices and mortgage debt. He announced in December 2015 that the minimum…
A report from Mansion Global. "Q: For those who don’t have context, where was the Greenwich market before the pandemic began in March 2020? Greenwich, Connecticut-based developer Steve Schacter: The market was fairly down, especially the high-end part of the…
Part two of the weekend topic, starting with Intellinews on Russia. "Almost as soon as the double whammy of the coronavirus (COVID-19) pandemic and a concurrent collapse in oil prices hit Russia’s economy last March, the government reacted by introducing…
It's Friday desk clearing time for this blogger. "Kootenai County's housing trend has become a looming menace in the area, but Jennifer Smock of Windermere/Coeur d'Alene Realty, Inc. believes that it is not a bubble waiting to pop. A sign…
A report from Bloomberg on New York. "Manhattan’s priciest apartment contracts last week had one thing in common: The sellers lost money. Owners who bought at the peak of Manhattan’s luxury condo frenzy just a few years ago are seeing…