A report from the Wall Street Journal. "Almost 30% of loans that mortgage giants Fannie Mae and Freddie Mac packaged into bonds last year went to home buyers whose total debt payments amounted to more than 43% of their incomes,…
It's Friday desk clearing time for this blogger. "High-end home prices got kicked out of the penthouse in early 2019, falling for the first time in nearly three years, according to Redfin. In Boston, the average luxury home sold for…
A report from Bloomberg. "Sean Pan wanted to be rich, and his day job as an aeronautical engineer wasn’t cutting it. So at 27 he started a side gig flipping houses in the booming San Francisco Bay Area. He was…
A report from Patch New York City. "Prices dropped on some 212 homes in the Upper East Side-Carnegie Hill area last month, the most for any neighborhood in the city, according to a report from RealtyHop. One home in the…
It's Friday desk clearing time for this blogger. "The average asking price of homes in the Lakes Region is definitely inflated by the many high-priced waterfront homes that are on the market. Big time! You’d almost think we were in…
A report from the Wall Street Journal. "Lumber prices typically rise in the spring as builders stock up for construction season. But this year, they are being hit hard by bad weather and a decline in home building. 'We’re starting…
A report from the Bay Area News Group in California. "Home sales flagged 14.3 percent Santa Clara County and 11.8 percent in San Mateo County. Median sale prices fell by 11.1 percent to $1.2 million in Santa Clara County and…
A report from the Los Angeles Times in California. "The Southern California median home price dipped slightly in March from a year earlier, the first annual decrease since 2012 and a sign of a remarkable downshift from the once-sizzling regional…
It's Friday desk clearing time for this blogger. "The new color for this spring's housing market map is red, as more and more Dallas-area neighborhoods show declines in purchases from a year ago and lower overall sales prices. The biggest…
A report from Market Watch. "Sales of newly-constructed homes finally gained momentum after months in the doldrums. One thing that helped boost sales: lower prices. The median price of a home sold in March was $302,700, 9.7% lower than the…