A report from the Courier Journal in Kentucky. "In the greater Louisville area, December 2023 marked the 24th consecutive month of year-over-year declines in existing home sales. 'Brutal,' Mike Frank, a senior mortgage broker at Homestretch Mortgage in Louisville, said…
A report from the Idaho Statesman. "In 2023, home sales in Ada and Canyon counties fell to their lowest point since 2009. 'The past year was a needed correction in the market,' said Mike Pennington of John L. Scott Real…
A weekend topic starting with Strong Towns. "Between 2000 and 2005, the median home price in Southern California grew by 117% from $241,350 to $524,020, an increase of more than $280,000, or $56,000 per year. In 2005, the median household…
A weekend topic starting with the Telegraph. "The underlying crisis in the banking system continues to deepen as $5 trillion of commercial real estate debt taken out during the zero-rate era comes due in tranches. 'It’s not a liquidity problem;…
A report from the Naples Daily News in Florida. "In the aftermath of Hurricane Ian, Naples saw trophy mansions list at never-before-seen prices. In March, a sprawling waterfront estate hit the market for more than $174 million in the posh…
A report from Sarasota Magazine in Florida. "'Lots of sellers are over-asking and still aiming for the numbers they saw right after the pandemic,' says Bernadette Caswell, of Michael Saunders & Company. 'But that was a blip and it’s over.…
A report from the Green Bay Press Gazette. "Market conditions have shown signs of improvement for Wisconsin homebuyers as the state’s busy season ends. The problem for many buyers has long been a lack of homes for sale. But there's…
It's Friday desk clearing time for this blogger. "When Lindsay Mader put her house up for sale earlier this year, she braced herself. For the past two years, an influx of remote workers to Austin meant for-sale homes were in…
A report from the Marina Times in California. "In San Francisco 251 homes were sold in September, down 23 percent from the previous year. Homeowners are reluctant to sell their homes now because of the cost of securing a replacement…
A report from the Boston Globe. "The short-term rental platform Airbnb has come a long way from its 2007 roots. A glut of listings — and a range of hosting types to match — has driven some communities to institute…