A report from Bloomberg. "No city exemplifies the mania of the Covid-era U.S. housing market better than Boise, Idaho. But in a sudden reversal, buyers are now the ones with power. Asking prices for houses are being slashed. Demand has…
A weekend topic starting with the Northwest Florida Daily News. "The Crestview-Fort Walton Beach-Destin metropolitan area saw a massive increase in permits for new single-family homes in the past year. Alan Baggett, VP of The Building Industry Association of Okaloosa…
A weekend topic starting with the Globe and Mail. "China’s housing woes have been exposed by the liquidity crisis at Evergrande. The collapse of the company is not being ruled out as Beijing cracks down on the excessive leverage that…
It' Friday desk clearing time for this blogger. "A price chop this big might cast some doubts on the world’s tallest residential tower. Gary Barnett’s Extell Development has sold a sponsor unit at its Central Park Tower at 217 West…
A report from the Washington Post. "Q: When we bought our house nearly 27 years ago, we wondered if we were overpaying. It was the mid-1990s, and houses in our neighborhoods of choice were in extremely short supply. The math…
It's Friday desk clearing time for this blogger. "The September Realtor.com report stated: 'August [2021] housing data shows early signs of sellers beginning to compete for buyers … As inventory and new listings continued to improve in August, the rate…
A report from the Idaho Statesman. "It may be a relief to hopeful home buyers to see local median home prices fall for the first time in more than a year. 'There’s a psychology behind it,' said Jennifer Louis, a…
A report from Fortune. "So why is inventory rising now? 'There’s a mentality among some sellers that if they don’t sell now, they’ll miss their opportunity to get top dollar,' said Ali Wolf, chief economist at Zonda." From ROI New…
A weekend topic starting with GM Today in Wisconsin. "While prices and competition amongst buyers are still being driven by the low-supply, high demand market, the intensity of that competition is starting to ebb just a bit, at least across…
A weekend topic starting with Fox Business. "St. Louis Federal Reserve President James Bullard agrees with Powell that it’s time to start reducing its $120 billion monthly purchases of Treasury and mortgage-backed securities. 'At this point, I'm not sure these…