A report from the Bakersfield Californian. "Bakersfield home sales took unexpected and, in some cases, confusing turns in June, leading one longtime observer to call the market unstable. The laws of supply and demand seemed to go unenforced as demand…
It's Friday desk clearing time for this blogger. "'Existing home sales have fallen off a cliff,' Lu Liu, a professor at the Wharton School at the University of Pennsylvania, told ABC News." "'I tell every one of my sellers to…
A report from the Motley Fool. "When my friend Jane (not her real name) and her husband set out to buy a home five years ago, they weren't dealing with the same challenging housing market conditions buyers are grappling with…
A report from Mortgage News Daily. "Extremely serious delinquencies, those loans 150 days or more past due, reached historically high levels in August. Corelogic said the rate of delinquencies among those loans spiked to 1.2 percent, the highest level since…
A report from Bowery Boogie on New York. "For many on the Lower East Side waterfront, Extell’s purported woes are a lesson in schadenfreude. Especially given the years of construction hell endured by those in the vicinity. No sooner do…
A report from CNBC on California. "'The housing markets are softening in California, and it’s not just the tony neighborhoods of San Francisco, Silicon Valley and West LA,' said Jerry Nickelsburg, an adjunct professor at UCLA and director of the…
A report from the California used house salespeople. "Housing demand in California remained subdued for the ninth consecutive month in January as economic and market uncertainties sent home sales to their lowest level since April 2008, the CALIFORNIA ASSOCIATION OF REALTORS®…
A press release from the California used house salepeople. "California home sales declined for the eighth straight month in December, and a stagnating market for much of the year pushed sales lower in 2018 for the first time in four…