It’s Time To Pay The Piper!
A report from the New York Post. "Spring may only have just begun, but the summer season in the Hamptons is already off to a blistering hot start. In Water Mill, a two-home compound spread across some 21 acres has…
There Are More Investor-Owners Who Are Feeling The Pinch
It's Friday desk clearing time for this blogger. "The 'lock-in' effect — current owners being unwilling to move or refinance at higher rates — is showing signs of easing as more sellers begin to put their homes up for sale.…
Some Owners, Eager To Cash Out, Will Accept The Price
A report from the Newport Daily News in Rhode Island. "The City Council is considering asking its legislative delegation to submit a bill that would allow the city to impose a 3% tax on real estate sales over $2 million.…
When Your Main Source Of Investment Falls
A report from Business Insider. "Owners are trying to unload units in the face of the skyrocketing costs of maintaining an apartment in Florida. At the same time, prospective buyers are driven away by those same fees. 'It's definitely been…
Everything Was Going Well, And All Of A Sudden — Bingo
A report from the Orange County Register. "It was a weaker-than-average early winter for Southern California home prices. December and January are known for price dips as house hunters shy from closing on a home purchase around the holidays. My…
To Be The Chosen One, Buyers Were Overbidding And Waiving Contingencies
A report from the Missoula Current in Montana. "It's the third straight year that sales volumes have decreased year-over-year. 'Last year there were 952 residential sales in our (area),' said Brint Wahlberg with Windermere Real Estate. 'That's on pace with…
Homeowners Often Find Themselves Grappling With Selling Their Properties During A Stagnant Or Falling Market
It's Friday desk clearing time for this blogger. "New York Community Bancorp replaced its CEO, reported a fourth-quarter loss that was more than 10 times what it previously stated and disclosed faults in its financial reporting in filings on Thursday…
There’s No Hope Left It Doesn’t Feel Like A Dream Anymore
A report from the American Statesman. "Just as it is a buyer's market in Central Texas' single-family housing market, so too is it a renter's market in the Austin-area apartment market. Likely to the dismay of landlords and delight of…
It Used To Be That Real Estate Was The Safest Investment, But 2023 Broke This Unwritten Rule
A report from the Washington Post. "It has been nearly three years since dozens of first-time home buyers were forced to flee their crumbling Anacostia condominium because the District deemed the newly-constructed building unsafe. Ever since, homeowners said, they have…
The Era Of Cheap Money Is Firmly A Thing Of The Past
A report from the Bradenton Herald in Florida. "The Sarasota/Manatee Realtor Association released its year-end housing report for 2023, and it shows a buyer’s market trend with housing inventory returning to pre-COVID levels. In Manatee County, the year 2023 saw…