A weekend topic starting with Tech Crunch. "You could hardly blame people looking to sell their startup shares, or those looking to buy them, for feeling unsure about where to meet on price, and that's exactly what's happening right now,…
It's Friday desk clearing time for this blogger. "Some listings are still getting multiple offers, but it’s not the frenzy that was happening six months ago, according to Youngstown Columbiana Association of Realtors President Dennis Gonatas. Gonatas said he had…
A report from Banking Dive. "Wells Fargo has begun laying off an undisclosed number of its home lending employees, little more than a week after reporting mortgage origination volume had dropped 33% year over year, the bank confirmed Friday. Anonymous…
A report from WBTV in North Carolina. "Potential Charlotte-area homebuyer Amelia Serrano is relocating from California with her family and the interest rates are on the top of her mind. 'Now we have to look for homes in a much…
A report from the Dallas Business Journal. "As of year’s end, the home price index for the Fort Worth and Arlington areas was about 215, up from about 177 in Q4 2020. Prior to last year, the index had never…
A report from Bloomberg. "Homebuilders are headed for their sharpest monthly nosedive since March 2020 as the stocks get pummeled by fears of rising rates. 'It’s a headwind to everybody across the sector, nobody is completely immune,' analyst Rafe Jadrosich,…
A report from Mediafeed. "One longstanding guideline for property investors that has been the subject of countless articles is 'the 1 percent rule in real estate.' The 1 percent rule is a formula that says the monthly rental should equal…
A report from Dirt on California. "A couple months ago, a Sunset Strip house sold for $14 million - exactly $5 million less than the sellers had paid in 2014. Months before that, another nearby house sold for $12.5 million,…
A report from Bloomberg. "Zillow’s iBuying business loses money, so stopping purchases should help its bottom line, analyst Ygal Arounian said in a note. 'This feels like they bought way too many homes and they’re trying to work off that…
A report from the Austin Business Journal in Texas. "More evidence is rolling in that indicates the period of rapidly increasing monthly housing prices may be coming to an end. The Austin Board of Realtors' most recent market update, released…