A report from Fortune. "The top 1% is pumping the brakes. Weak auction sales at this year’s Monterey Car Week is just the latest example of how spending at the top of the economic pyramid is shrinking, as many of…
A report from the Wall Street Journal. "U.S. home sales slumped in June as home prices for major West Coast cities declined for the first time since 2012, ending the spring selling season with a thud. 'Prices have dropped in…
A report from the Santa Cruz Sentinel in California. "On some blocks in Old Palo Alto, $9 million doesn’t even buy a roof. Take the nice vacant lot with the for sale sign on Bryant Street near Coleridge Avenue. But…
A report from Palo Alto Weekly in California. "The Year of the Pig had a very slow start in our local real estate market. So far, we haven't experienced anything remotely similar to the usual spring frenzy. Among the 148…
A report from the Bay Area Newsgroup in California. "Runaway Bay Area housing prices have started stalling in San Mateo and Santa Clara counties, hinting that even well-salaried professionals have had enough. Resale home prices dropped year-over-year in February in…
It's Friday desk clearing time for this blogger. "Stacey Woods, a Realtor in Palo Alto, said she was introduced to the St. Joseph statue and its legend by a colleague three years ago. Last week, Stacey was back at the…
A report from Boise Dev in Idaho. "First they planned 126 apartments. Then, after pushback, 47 homes. Finally, after more changes and hearings, a plan for 42 homes won approval. A year later, the project is stopped, and the property…
A topic starting with part of an email I received this morning. "Ben, I’m just another good hard working young man in the oilfield and I’m desperate to escape worthless crooked landlords. I NEED a home for me and my…
A report from the Mercury News in California. "In another sign that the Bay Area housing market is cooling, the number of homes for sale here has spiked — signaling more options for buyers, and potentially lower prices. There were 43 percent…
It's Friday desk clearing time for this blogger. "The residential property market in Palo Alto has cooled down meaningfully in the last six months or so. The median home price of all homes sold in Palo Alto has dropped to…