Dare One Wish For Housing Price Cuts?
A holiday topic starting with News Corp Australia. "The Block stars Leah and Ash are not going to get a house sale for Christmas, and an update to the home’s listing will come as quite an kick in the teeth.…
A Phenomenon Most Didn’t See Coming When Demand Was Red-Hot
A weekend topic starting with WCPO in Ohio. "One of downtown’s largest office properties is seeking $45 million in tax breaks to help it convert part of its space into 205 apartments. Owners of the Atrium One and Atrium Two…
There Is Clear Oversupply And Lower Prices Are In Store
A report from the Ahwatukee Foothills News in Arizona. "While the market will stabilize, it’s expected to remain challenging. The Cromford Report – a leading analyst leading analyst of the Valley housing market – said last week, 'We are seeing…
Many Bought With Their Hearts Not Heads, And Got It Horribly Wrong
A report from Newsweek on California. "A San Francisco home has been sold at half its original listing price, crystallizing the stark real estate climate in the city and in the U.S. The home in the Russian Hill neighborhood sold…
The People Who Are Losing Are Losing Really, Really Big
It's Friday desk clearing time for this blogger. "An 11% increase in new listings shows there’s some movement again in a market that stagnated during the regular summer doldrums. 'What closed in October surprised me,' said Corcoran broker associate Linda…
There’s No One In The Market Wanting To Buy Them, At Whatever Terms
A report from the New York Times. "In the class-action suit, a federal jury in Missouri ruled that the National Association of Realtors and several real estate brokerages had conspired to fix prices. 'Brokers are nervous that they won’t make…
Low Rates Were A Self-Destructive Party That Went On For Far Too Long
A report from Curbed New York. "If you want views of Central Park and at least 6,000 never-before-lived-in square feet from which to admire them, you’ve got a lot to choose from right now: Central Park Tower’s 17,545-square-foot penthouse —…
Go In Low, Put In A Cheeky Offer, If You’re Not Embarrassed You Are Probably Too High
A report from Realtor.com. "Following a trade to the Lone Star State before the 2023 NFL season, Dallas Cowboys quarterback Trey Lance is ready to move on from his Morgan Hill, CA, mansion. The signal caller bought the place in…
We Feel Absolutely Stupid, We Feel Powerless
It's Friday desk clearing time for this blogger. "This June, Golden Gate Estates-based contractor Metro Home Builders filed for Chapter 7 bankruptcy. Out of the 64 paused home construction projects from Washington State to Marco Island, 29 are Naples-based. 'It’s…
These Days, A Skambud May Not Actually Be Too Shameful
A report from KPBS. "Southern California home sales, including those in San Diego County, hit one of the lowest levels ever last month, according to CoreLogic. San Diego real estate agent Voltaire Lepe said he and other agents have been…