Jackals And Vultures: A General Get Me Out Of Here Response
It's Friday desk clearing time for this blogger. "Some buyers may look for deals, thinking all sellers are desperate to sell. But if this isn't you, there's no reason to cave or whittle down your home's price. 'Regardless of the…
It’s Below Cost And Below Investment, It’s Time To Move It
A report from KOLD in Arizona. "The stock market dropped more than a 1,000 points amid worries about the novel coronavirus — concerns over the outbreak may impact the housing market, too. Tucson real estate broker Karl Kretzel said fear…
You Have To Discharge The Flood Somewhere
Two reports from the Wall Street Journal. "A flock of vulture investors is circling China: large money managers including Blackstone Group, Lone Star Funds and Oaktree Capital as well as Bain Capital. In the past few years global investment firms…
The Supporting Vertebrae In The Housing Market Backbone
A report from Mother Jones on California. "By the time Dominique Walker started squatting in an Oakland home with her five-year-old daughter and one-year-old son, she’d exhausted all other options. Walker, who had fled domestic violence in Mississippi, knew it…
The Grey Rhino Is Panicking
It's Friday desk clearing time for this blogger. "John Bryan was one of dozens of investors spending thousands of dollars to buy properties from a Florida-based company that flipped homes in Johnstown, promised to manage the properties and pay them…
The Situation Is Insane, But It’s Entirely Man-Made
A report from the Palm Beach Post in Florida. "The consensus seems to be there’s no firm consensus about what the future holds this season for Palm Beach homebuyers and sellers, according to conversations with several brokers and agents who…
It Could’ve Been A Slam-Dunk, But People Got Greedy
A report from Reuters. "Citibank has agreed to pay a $30 million fine to settle charges of repeated violations of real estate holding rules and for failing to meet its commitment to take corrective actions, the U.S. Office of the…
What Are We Going To Tell Our Sellers?
A report from the Wall Street Journal. "A Federal Reserve Bank president who has been warning about prices rising too high in the commercial real-estate market has a new source of concern: co-working. In an interview, Boston Fed President Eric…
A Lot Of The Time Homeowners End Up Settling For Less
A report from Wicked Local Brewster in Massachusetts. "Laura Clements, owner/broker of Cove Road Real Estate in Orleans, said high end shoppers have more to choose from at the moment. Clements noted the list price isn’t the sale price. 'A…