This Has Left Buyers High And Dry
A report from the Daily Mail on the UK. "As Rod Stewart might have sung, the price cut is the deepest. But it seems to have had the desired effect. The singer has sold his Essex mansion. But Sir Rod…
A Digital Grim Reaper
A report from Geek Wire on Washington. "Loftium, the Seattle real estate startup that helped people buy homes in exchange for renting out an extra room on Airbnb, has shifted its focus to rentals. 'Given how quickly home prices have…
Buyers Threw Caution And Common Sense To The Wind And Bought At Vastly Inflated Prices
A report from Glacier Media in Canada. "Since May 1, 2018, only 43 detached homes in the Metro Vancouver region – stretching from Mission and Delta to the Sunshine Coast and Whistler – have sold above $7 million. All 43…
A Record Glut Of Unsold Units As The Housing Slump Deepens
A report from the Globe and Mail in Canada. "As the Toronto real estate market crawls through a slow patch, there is growing anecdotal evidence that some agents are bending and sometimes breaking the rules to drum up business. For…
What Was Looking Good Till Yesterday, Can Look Bad Now
A report from Stuff New Zealand. "It was revealed by the Real Estate Institute this week that, in some parts of Auckland, the median residential property sale price in the six months to the end of March was 30 per cent…
A Purely Speculative Venture That Did Not Pan Out
A report from the Globe and Mail in Canada. "The average price of a detached house in the 416 area code of Toronto has fallen 20 per cent from the high water mark of $1,578,542 set in April, 2017. In…
No One Realized It Was The Peak
A report from Stuff New Zealand. "Property prices in some parts of Auckland have fallen by more than a quarter, year-on-year. Mt Albert had the biggest price fall, from a median $1.170 million last year to $805,250 this year -…
It Doesn’t Really Cross Their Mind That They’re Investing And Losing Money
A report from the Globe and Mail in Canada. "Here’s how Royal Bank of Canada senior economist Robert Hogue sees things: 'If it wasn’t already apparent, March data provided clear evidence that some of Canada’s largest western markets are in…
The Market Has Become A ‘Candy Store’ For Home Buyers Now
A report from the Daily Mail on Canada. "Flashbacks to college homes often bring up memories of tiny dorm rooms filled with bunk beds and cramped apartments falling apart at the seams. But many Vancouver college students are currently living…
What’s Different About This Downturn Is That It’s Been Quite Dramatic After Such A Huge Upturn
A report from Huffington Post on Canada. "Vancouver's epic housing meltdown has made news around the world, and with sales down by 31.6 per cent over the past year, people listing their homes are turning motivated. After years of what…