A report from Nerd Wallet. "Michelle Doherty, a Realtor in northern Virginia, notices the same thing. Buyers 'hold off, thinking, 'You know what? We'll wait for them to drop [the price].' She prods clients to make offers below asking instead…
A report from USA Today. "Kristina O'Donnell, a real estate agent in Collegeville, Pennsylvania, said some sellers' asking prices are now falling almost daily. 'Instead of sellers having 30 appointments over a weekend, maybe it's down to about a handful…
A report from Fox News. "'For the last seven straight months it has been going down and this is a huge drop - and I think all it says is, ‘Somebody do something or we’re going to go into a…
A report from the News Sun in Indiana. "Larry Doyle, president of Campbell & Fetter Bank, ran some sample numbers to illustrate. 'That’s a $318 increase. Same dollar amount. Same dollar amount borrowed,' Doyle said. 'We had nine price reductions…
A weekend topic starting with Bloomberg. "Disgruntled China Evergrande Group customers staged a protest in Guangzhou demanding that the cash-strapped developer restart stalled construction work and urging the local government to intervene. More than 100 home buyers in white T-shirts…
A holiday topic starting with VOA News. "In the latest sign that corporate debt levels in China pose a threat to the broader economy, Chinese regulators on Friday were forced to halt trading in bonds issued by Evergrande, the country’s…
A weekend topic starting with the Journal Record. "Today we dive deeper to better understand the anatomy of a bubble. In Poor Charlie’s Almanack, discussing the need for more reconciliation of psychology and economics, Mr. Charlie Munger cited a study…
A weekend topic starting with KIRO in Washington. "Seattle police and fire investigators are searching for a known arson suspect who they believe intentionally started a fire which destroyed an abandoned housing complex in the 5200 block of University Way…
A report from the Globe and Mail in Canada. "Rohana Rezel is on a mission to shine light on Vancouver’s hidden real-estate market. Mr. Rezel, a senior software architect, is also one of a small group of citizen researchers who’ve…
A weekend topic starting with China Worker. "The following is a document discussed at the 2015 congress of the ISA’s China, Hong Kong and Taiwan section. This appeared in our book Building the Socialist Alternative (published by chinaworker.info November 2015,…