It’s A Common Conversation
A report from WTOP. "Bright MLS reports new listings of condos and co-ops in the D.C. metro in October were up 49.2% from a year ago, a 10-year high for the second month straight. That does not mean there is…
For Owners, Just About Everything That Could Go Wrong Is Going Wrong
A report from the Review Journal in Nevada. "Las Vegas’ housing market is defying logic. It has heated up with fast sales and a monthslong streak of record prices despite the bleak economy, raising the question locals often ask: Is…
They Have So Many Empty Apartments, They’re Desperate
A report from the Daily Journal in California. "In San Mateo, rents have dropped an average of almost 15% since this time last year, according to reports from rental databases Zumper and Apartmentlist. The county’s median home sales price reached…
The Bigger The Bubble, The Bigger The Bust
A report from the Wall Street Journal. "Mariano Rivera, the retired Major League Baseball pitcher, is listing his home in Rye, an affluent community in Westchester County, N.Y., for $3.995 million. Mr. Rivera and his wife bought the property in…
As Loans Get More Delinquent, That’s When The Real Costs Come Into Play
A report from the South Florida Business Journal. "The Related Group proposed a 37-story apartment building with no on-site parking in downtown Miami. There’s an over-supply of condos on the market in downtown Miami and condo sales have slowed during…
There Are Investors That Are Trying To Dump Their Real Estate, But The Buyers Think It’s Armageddon
It's Friday desk clearing time for this blogger. "Oh, how the mighty have fallen. San Francisco saw the biggest year-over-year drop in rental costs in September, but Boston wasn’t far behind, according to Zumper. The median price for a one-bedroom…
When The Money Is Almost Free, Sometimes The Market Gets A Little Bit Ahead Of Itself
A report from AZ Big Media in Arizona. "William Gray, former president of the Arizona School of Real Estate and Business, said the homebuying market has 'been going gangbusters' since the beginning of the summer. 'One of the little problems…
How Do We Stop Bleeding Money Before It Gets Worse?
A report from Bisnow. "Landlords are under pressure, and optimism is in short supply among mom-and-pops and midsized owners. 'It's a dire situation,' MassLandlords Executive Director Douglas Quattrochi said. 'Landlords are also dipping into their savings. I've talked to many…
There Is An Unforgivingness To Being Overpriced
A report from Zillow. "Metro-level discrepancies exist as well, especially in San Francisco and New York, showing that not all urban cores are keeping pace with hot suburban markets. In Manhattan, home values have dropped 4.2% since last year and…
It’s A Rookie Error To List It Higher And Hope That It’s Going To Get There
It's Friday desk clearing time for this blogger. "When Carolyn Guss and her husband listed their California home, which sold for under asking, their real-estate agent said people were eager to buy homes with yards outside of San Francisco proper.…