It's Friday desk clearing time for this blogger. "John Bryan was one of dozens of investors spending thousands of dollars to buy properties from a Florida-based company that flipped homes in Johnstown, promised to manage the properties and pay them…
It's Friday desk clearing time for this blogger. "New York City is coping with a nationwide exodus of residents from big, expensive cities. In addition, foreign buyers have retreated from the market. 'The thing is, you don't have the Chinese…
A report from ABC News in Australia. "Doc Davey purchased his home in a booming West Australian mining town for $560,000 in 2009, but today the same home is close to worthless after ongoing vandalism by local youths. 'I've rebuilt…
A report from the Lethbridge Herald in Canada. "Lethbridge Land released its annual report earlier this week, and the picture it paints of the city’s current home-building slowdown couldn’t be more clear. 'Over the past two years the amount of…
A report from the Irish Independent. "A glut of new houses for sale has led to builders cutting back on the construction of homes. Goodbody economist Dermot O’Leary said there is now a rising inventory of unsold stock forming for…
A report from the Wall Street Journal on China. "When she was a teenager in the 1970s, Zhou Xiaoguang peddled trinkets city to city and slept on trains, a formative chapter in her creation of the world’s largest costume jeweler,…
A report from Global News in Canada. "Back in 2016, Vancouver’s white-hot real estate market looked as if it would never cool down. Three years later, industry experts say times have changed. 'Prices now are back to where they were…
A report from the Wall Street Journal on China. "Chinese regulators made fresh attempts to calm frayed nerves in the country’s financial sector, as bank liquidity remained tight by some measures three weeks after authorities took over a struggling city…
A report from Reuters on China. "The Chinese city of Enshi has moved to stabilize house prices amid a worrying property slump by urging developers to stop drastic price cuts, threatening punishing measures unless such 'wrong behaviors' stopped. Developers have…
A report from the Toronto Star in Canada. "Over the last few months, the staggering scale of money laundering in the Toronto and Vancouver real estate markets has come into focus. Even though real-estate agents are technically required to report…