Real Estate Has Entered A Cold Winter
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It's Friday desk clearing time for this blogger. "Sellers, at moments, were too aggressive with pricing. Price cuts on homes jumped in August, as some sellers realized they could not get their dream asking price. 'Many buyers gave up,' said…
A report from the Globe and Mail. "About 500 investors, many from South Florida’s Venezuelan American community, were taken in by Efrain Betancourt Jr.’s sales pitch of high-interest returns on their investments in his short-term loan operation Sky Group USA.…
A report from the Los Angeles Times in California. "The city of Bradbury just saw its priciest sale in years when Lynsi Snyder sold her Mediterranean mansion for $16.25 million. It chalks up as a loss for Snyder, who bought…
A report from KUTV Salt Lake City in Utah. "'We keep talking about housing crash, housing crash, housing crash,' said Dejan Eskic, senior research fellow at the Kem C. Gardner Policy Institute — but he doesn’t see that happening. 'The…
A report from Go Banking Rates. "Inventory hit an all-time low from about May 2020 through May 2021, said Jonathan Spears, a real estate agent based in Santa Rosa Beach, Florida. However, he said inventory began to slowly increase in…
It's Friday desk clearing time for this blogger. "Househunting is shaping up to be easier in 2022. Inventory is bouncing back, demand is cooling, and prices are even falling for the most popular homes. Prices have fallen more dramatically on…