A report from Business Insider. "'Someone turned out the light on our sales in June,' an Atlanta homebuilder said in the survey. Meanwhile, a homebuilder in Austin said, 'Sales have fallen off a cliff. We're selling one-third of what we…
A report from Market Watch. "Airbnb had been on track for its biggest drop ever, falling more than 13% in intradrading and becoming the worst performer in the Nasdaq 100, according to Dow Jones and FactSet. Its shares have never…
It's Friday desk clearing time for this blogger. "Christian Chapman, a former underwriter at Better.com, has worked in the mortgage business for almost 20 years and has been laid off by three other mortgage companies in the past. However, none…
A report from the Daily Mail. "In his three-minute call, Vishal Garg CEO of mortgage lender Better.com Vishal Garg, said that the 'market has changed' - meaning savage cuts to the $7 billion company's workforce were needed to avert disaster.…
A report from the Aspen Times in Colorado. "I met a colleague of mine at an Aspen coffee shop earlier this week. We talked about the recent shift from the non-stop activity for the second summer in a row, to…
A weekend topic starting with the Star Tribune in Minnesota. "Why does Duluth have a housing shortage if the population is barely growing? 'I don't necessarily accept the narrative that Duluth isn't growing given all the complex factors,' said Noah…
It's Friday desk clearing time for this blogger. "In North Texas at least, the chief economist at redfin sees evidence of the market cooling off — at least a little. 'We're already seeing price drops happen. I think sellers have…
A report from the Times of San Diego in California. "Jason Elliott, Newsom’s top advisor on housing and homelessness, was joined on the virtual panel, by Jennifer Svec, legislative advocate for the California Association of Realtors, Assemblymember Buffy Wicks, a…
A report from Spectrum 1 on New York. "Small landlord Karron Graves-Briceño says her whole retirement is wrapped up in the one unit she rents out in Harlem. She says her tenant stopped paying rent nearly a year ago even…
A report from the Tribeca Tribune in New York. "The Downtown Alliance has put numbers to what we see around us: the pandemic’s heavy commercial toll on Lower Manhattan. The Alliance provides data behind a year of reversals to Downtown…