A report from the Los Angeles Times in California. "The city of Bradbury just saw its priciest sale in years when Lynsi Snyder sold her Mediterranean mansion for $16.25 million. It chalks up as a loss for Snyder, who bought…
A report from Mises.org. "This December’s Federal Open Market Committee (FOMC) meeting might be the last time we get to hear a Q&A session from Chair Powell this year. Said near the conclusion of the December meeting, on p.26 of…
A report from Mortgage Orb. "For the fifth consecutive quarter, a plurality of mortgage lenders expect near-term profitability to decrease, according to Fannie Mae's Q4 2021 Mortgage Lender Sentiment Survey. 'Mortgage lenders’ profitability outlook has significantly weakened over the past…
A report from the LA Daily News in California. "Rampant housing inflation means the federal government will now back almost million-dollar mortgages — including deals in Los Angeles and Orange counties. Note that mortgages made for vacation homes and second…
A weekend topic starting with a press release. "ATTOM released its third-quarter 2021 U.S. Residential Property Mortgage Origination Report, which shows that 3.59 million mortgages secured by residential property (1 to 4 units) were originated in the third quarter of…
A report from Fast Company. "When Zillow announced Tuesday that it was shutting down its algorithm-fueled home-flipping operation, few in Phoenix were likely surprised. Phoenix area real estate agent Greg Corbett had a hunch that the companies’ computer-assisted buying activity…
A report from the Aspen Times in Colorado. "I met a colleague of mine at an Aspen coffee shop earlier this week. We talked about the recent shift from the non-stop activity for the second summer in a row, to…
A report from the Fort Myers News Press in Florida. "In a nutshell: 'The peak insanity is over,' said Denny Grimes, president of his team at Keller Williams Realty. That's bad news for sellers. 'We are starting to see prices…
A report from the Sioux Falls Argus Leader in South Dakota. "It’s a bit like Black Friday, but for homes instead of 72-inch TVs. Home buying is so competitive now that anyone looking has to plan ahead, down to their…
A report from WFMY in North Carolina. "'It's like Wal-Mart on Black Friday and TVs are on sale and we're all waiting at the door to get in. That is the housing market right now,' said Ashauna Harris, owner of…