It's Friday desk clearing time for this blogger. "Consider a few of these recent headlines from major newspapers around the state: 'Bay Area home prices fall 1.7% in May, biggest year-on-year drop in 7-plus years,' said the San Francisco Chronicle…
It's Friday desk clearing time for this blogger. "Wu Xiaohui was shopping in New York. For buildings. 'He didn’t really care — he’d point out the window and say, ’That one!’ recalls a real estate executive. These days Wu is…
A report from the Winston-Salem Journal in North Carolina. "The Winston-Salem metropolitan statistical area experienced a sharp year-over-year increase in foreclosure filings during May, according to Attom Data Solutions. The five-county region had 187 filings, up 16.9% from a year…
A report from USA Today. "In a stealth aftershock of the Great Recession, nearly 100,000 loans that allowed senior citizens to tap into their home equity have failed, blindsiding elderly borrowers and their families and dragging down property values in…
Two reports from the Buffalo News. "A Kuwaiti realtor and his multiple companies bought or brokered at least 160 houses in struggling Buffalo neighborhoods as part of an international Ponzi scheme. The realtor and his associates are serving prison time…
A report from the Wall Street Journal on California. "Chinese companies have been pulling back on their real-estate investments from New York to London to San Francisco. A host of Chinese firms that bought significant development sites or projects in…
A report from the Post and Courier in South Carolina. "Construction cranes dot the Charleston skyline for new apartment buildings while other complexes rise in the suburbs, and supply is now outpacing demand in the region. The glut of new…
A report from Attom Data. "ATTOM’s year-end foreclosure report provides a unique count of properties with a foreclosure filing during the year based on publicly recorded and published foreclosure filings. 'Plummeting foreclosure completions combined with consistently falling foreclosure timelines in…
A weekend topic starting with Market Watch. "With major data providers reporting that mortgage delinquencies continue to decline, Wall Street and the pundits are more convinced than ever that the mortgage crisis is dead and buried. The enormous delinquency problem…
A report from the Detroit Free Press in Michigan. "Remember that too-hot-to-handle housing market in metro Detroit? The one where a nice, well-priced home in Ferndale could get three offers on the table in one day? Well, we're starting to…