A weekend topic starting with Ag Web. "As mortgage rates climb to 20-year highs, near 8%, current high-interest rates are eating away at the housing market. This year is currently on pace to see the fewest home sales since 2008.…
A report from the Sun Sentinel. "The one-two punch of the post-Surfside law designed to require condominium associations to set aside sufficient reserves for structural repairs combined with Florida’s unending increases in insurance costs is threatening to produce a wave…
A report from the Sacramento Bee in California. "A bubble in need of bursting. An overheated environment that had to be cooled. A correction for a real estate market out of balance. Federal Reserve Chairman Jerome Powell has been upfront…
A weekend topic starting with Reuters. "As developer China Evergrande Group lurched from one crisis to another over the past two years, Beijing avoided directly intervening to rescue what was not too long ago considered one of the country's 'too…
A report from the Naples Daily News in Florida. "Year-to-date, single-family home sales are down 15% over the year in Lee County, the county hardest hit by Ian. In the city of Cape Coral, they're off by 20%, said Denny…
A report from Business Insider. "Return-to-office mandates are forcing some people to choose between selling their home at a loss or losing their job,' Redfin said. Real estate agent Shauna Pendleton in Boise, Idaho, has clients selling their home after…
A weekend topic starting with South China Morning Post. "The catastrophic crash in Country Garden Holdings, once the gold standard in China's property industry, has cost stock and bond investors steep losses. Nearly half of Country Garden's liabilities at the…
A report from ABC News. "Sky-high mortgage rates have helped slam the brakes on the housing market, recent data shows. The home resale market, meanwhile, slowed in July to its lowest rate since 2010, National Association of Realtors data showed…
A report from Reuters. "New home sales dropped 2.5% to a seasonally adjusted annual rate of 697,000 units last month, the Commerce Department said on Wednesday. May's sales pace was revised lower to 715,000 units from the previously reported 763,000…
It's Friday desk clearing time for this blogger. "The Austin housing market is starting to look a lot more like 2019. For the past three years, multiple offers, bidding wars and all-cash deals became the norm in Central Texas. Now,…