A report from Boston Agent Magazine in Massachusetts. "The number of single-family homes sold in the Greater Boston area in June fell compared to the same month last year. Homes are also sitting on the market longer and price cuts…
A report from the Wall Street Journal. "Foreign purchases of U.S. homes have dropped by half over the last two years, a fresh blow to the top end of the market in New York City, Miami and cities in California.…
A report from the Orange County Register in California. "Lake Forest will get 144 new townhomes with prices starting under $600,000. Silveroak is Landsea Homes’s latest addition to its 543-home IronRidge community in Portola Hills. Landsea says pricing will start…
A report from Market Watch. "The S&P CoreLogic Case-Shiller 20-city index was unchanged in April compared to March on a seasonally adjusted basis, and was 2.5% higher compared to a year ago. That was the 13th straight month in which…
A press release from Zillow. "It has been widely acknowledged that the aggressive pace of home value growth over the past several years was unsustainable. Buyers simply couldn't keep up, and home prices are correcting. Inventory was up year-over-year in…
A report from the Oregonian. "Wise homebuyers look for discounts on properties they value. What causes a sale price to cascade? An anxious seller or an asking price that's too high and no one's biting. In this week's real estate…
It's Friday desk clearing time for this blogger. "An Upper East Side townhouse that was once home to the late fashion designer Oleg Cassini is now facing foreclosure. The case comes as authorities orchestrate a fire sale of Cassini’s assets.…
A report from USA Today. "In a stealth aftershock of the Great Recession, nearly 100,000 loans that allowed senior citizens to tap into their home equity have failed, blindsiding elderly borrowers and their families and dragging down property values in…
A report from WHEC in New York. "A bank filed to foreclose on five Rochester properties owned by developer Bob Morgan, according to paperwork filed with the Monroe County Clerk's Office. The Tompkins Bank of Castile claims a number companies…
A report from the Tennessean. "Unsustainable home-price growth and an inventory surplus helped move Nashville into the top 10 markets for home buyers in the United States, according to a new report that provides further evidence of cooling demand in the…