A report from the Oklahoman. "The number of sellers putting homes on the market was greater than the increase in buyers, and April ended with an inventory of 3,342 homes listed for sale with Realtors, nearly 50% more than a…
A report from Bloomberg. "In some Texas and Florida cities, foreclosures are rising, suggesting early signs of distress in the once booming housing market. In Houston, foreclosure filings jumped 37% in the first quarter from a year earlier, according to…
A report from Fortune. "Compass CEO Robert Reffkin told CNBC on Wednesday that 30% of the inventory on the market has seen a price drop, which is more than anytime in last 10 years. Meanwhile, the market has seen 16%…
A report from the Real Deal on Illinois. "The luxury market is bouncing back in Chicago, save for one key submarket. Downtown there’s more than 26 months of inventory priced at $1.5 million and up. The condo market’s downturn was…
A report from the Wall Street Journal on Florida. "Ivan Rodriguez leapt at the chance to buy a unit at the Cricket Club, an exclusive bay-front condominium in North Miami. In 2019, he liquidated his 401(k) retirement account to purchase…
A report from WFTV in Florida. "Residents in one Orlando condominium complex are fighting back after their condo association board asked each homeowner to pay more than $11,000 for a special assessment fee, due in just 3 months. Owners at…
It's Friday desk clearing time for this blogger. "A condominium association in Orlando is proposing a special assessment of up to $22,105 for each owner as part of an effort to fund its reserves as required by state law, and…
A report from Fast Company. "On October 12, 2021, in a sprawling desert community just 7 miles southwest of the Las Vegas Strip, Zillow closed a sale on a four-bedroom home at 7456 Grizzly Giant St. Just five days later,…
A report from Yahoo Finance. "The Federal Reserve chairman this week doused any hope homebuyers had that mortgage rates would soften anytime soon. Instead, rates jumped above 7% after Jerome Powell said inflation was taking longer to come down to…
A report from the Bangor Daily News. "This time last year, Jordan Stolt would have had no problem finding an eager buyer for her $310,000 listing in central Maine. It’s a solid starter home on Winslow’s Roy Street. The 1,000-square-foot…