A report from CNBC. "The government shutdown hasn't completely stopped the flow of stunningly bad housing data. Sales of newly built homes fell 18 percent in December compared with December of 2017, according to John Burns Real Estate Consulting. Sales…
It's Friday desk clearing time for this blogger. "As the housing market has downshifted, more builders are offering sweeteners to close the deal. 'We are really working a little bit harder ... to get people in the door and to…
Two reports from the Real Deal on New York. "For Westchester’s residential real estate market, the fourth quarter wasn’t the season for giving. In the final three months of the year, the median sales price of luxury homes in Westchester…
A report from the Real Deal on New York. "Inventory has been on an upward trajectory in Manhattan. In the fourth quarter, sales listings swelled 12 percent, according to Douglas Elliman — with co-op listings climbing 24 percent. But on…
A report from GlobeSt on Florida. "A Franklin Street broker who recently completed the sale of a 'workforce' housing complex here explains the several factors behind continuing investor demand. 'This includes a fear of oversupply in the Class A+ new…
A report from Market Place on New York. "Christa Chi sells Manhattan apartments and homes for a living. So when she listed her one-bedroom midtown apartment in August 2017, she expected buyers to jump. The place had rooftop access and a…
A report from the New York Times. "Good news, New Yorkers: You may no longer need $1 million to buy a middle-of-the-road Manhattan apartment. But just barely. Lest the financially average among us get too excited, the median price only…
A report from The Herald in Washington. "For the 23 Washington counties that the listing service tracks, inventory rose to 15,830 in November, compared to 11,193 a year earlier. Say the words 'housing bubble' and George Moorhead, owner of Bentley…
A report from the Wall Street Journal on New York. "After slowing for several years, the Manhattan apartment market dropped to a new low in 2018, as co-op and condominium sales fell to the lowest level since the economy last…
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…