This Has Left Buyers High And Dry
A report from the Daily Mail on the UK. "As Rod Stewart might have sung, the price cut is the deepest. But it seems to have had the desired effect. The singer has sold his Essex mansion. But Sir Rod…
We’re Selling Below Cost, We Can’t Hold On To The Inventory
A report from the Daily Telegraph in Australia. "Sydney’s supply of properties for sale has hit a decade high this summer as weakening buyer demand creates a growing backlog of unsold housing. Buyer’s agent Peter Kelaher said a long listing…
The Property Market Finally Succumbs To Madness
It's Friday desk clearing time for this blogger. "Last year, 20,648 single-family and multifamily existing homes sold in Lee County and 10,527 in Collier — a 49 percent decline over 2017 when Hurricane Irma hit, slowing the market. There are still plenty of interested…
They Really Don’t Have The Money
A report from the Wall Street Journal on China. "On a recent winter workday, investors and representatives from private fund companies in Shanghai and elsewhere descended on Sandu, a county in the deep south where tens of thousands of locals…
Succumbing To The Global Property Slowdown
It's Friday desk clearing time for this blogger. "'Sellers celebrated in the first half of the year with a crazy blur of multiple offers and fast sales,' said Jill Schafer, head of the Denver Metro Association of Realtors market trends…
Perfect Family Homes Sitting Vacant — Because Nobody Wants To Buy Them
A report from Bloomberg on Hong Kong. "Amid all the doom and gloom in Hong Kong’s housing market, there appeared to be a silver lining, when a developer sold all 488 apartments on offer in a single day. Sino Land…
The Bitter Winter Of Real Estate Is Now A Popular Topic In Public Discourse
A report from the Epoch Times in China. "Throughout November, both property prices and transactions have maintained a downward slide in the Chinese cities Beijing, Shanghai, Guangzhou, Shanghai, and Shenzhen. Meanwhile, real estate developers have bought up less land, purchasing…
The General Belief That May Become The Guillotine
It's Friday desk clearing time for this blogger. "Over the last five months, we’ve seen more inventory than we have in years previously. Mona Spencer, branch manager for John L. Scott’s Redmond office, said buyers may be able to do…
The Market Has Turned Against Indebted Speculators
It's Friday desk clearing time for this blogger. "The housing market in Houston and across the country has been on a tear in recent years. Several recent reports from the government, analysts and real estate companies are starting to suggest…
More Are Slashing Prices In A Bid To Exit The Market
It's Friday desk clearing time for this blogger. "Home sales in the Charlotte metro area plunged in September, compared to a year ago. Buyers could soon see relief as the Charlotte area housing market moves to a more equal footing…