They Thought They Could Never Go Wrong
A report from Houston Agent Magazine in Texas. "Y’all, I hate to lick all the red off your candy, but the days of a super-hot real estate market are behind us (at least for now). While on the surface, that…
New Homeowners, Having Achieved Their Dream, Are Plagued By Shame And Fear Because They Bought Around The Market Peak
A report from Axios on Arizona. "A New York Post article reporting that Goldman Sachs has forecast a 2008-level housing crash in Phoenix sent ripples through the Valley's real estate industry last week.The median Phoenix home sale price, which was…
Speculators Are Now Willing To Accept Losses To Dispose Of Their Units
A report from CBS News. "The following is a transcript of an interview with JPMorgan Chase CEO Jamie Dimon that aired Sunday, Dec. 11, 2022. MARGARET BRENNAN: But in this moment we're in right now - you have mortgage rates…
There’s Going To Be Some Form Of Payback For All The Cheap Money
A weekend topic starting withe the Washington Post. "When the Federal Reserve raised interest rates yet again this week, the central bank’s case for how it would tackle inflation without causing a recession boiled down to: It’s unclear. What are…
Buyers Have A Freedom Of Making Offers, Negotiate, Pick While Sellers Are Listening To The Offers As Never Before
It's Friday desk clearing time for this blogger. "The sale of the 851-square-foot, one-bedroom unit of the Lumina tower at 201 Folsom Street has just closed escrow with a contract price of $999,000. But as the unit was purchased for…
They Are Going To Sell At Whatever Price To Get A Buyer
A report from CBC News in Canada. "Owners of condo units in Fort McMurray's troubled Hillview Park complex are worried about paying their bills after being hit with special assessments of up to $76,000. It's the third special assessment charged…
There’s Going To Be Sectors That Are An Absolute Bloodbath
It's Friday desk clearing time for this blogger. "It was already going to be a challenging spring in Manhattan, where prices are down about 20 percent from the peak in 2016 amid a glut of luxury condos. In a small…
A One-Way Ticket To The Poor House
A report from Bloomberg on Canada. "After a three-year non-stop party, Toronto’s condo market is likely to settle down in 2019, some of the city’s biggest developers say. Shamez Virani, president at CentreCourt, added: 'There is, for the first time…