A report from the Daily Democrat in California. "Tom Doyle bought a house in southwest Woodland for $675,000 last year in October. Doyle said that his family had been paying attention to the housing market, but it is very different…
A report from Fox Business. "Zillow reached a deal to sell about 2,000 homes from its ill-fated house-flipping program. The company said it intends to sell roughly 9,800 homes it owns, plus another 8,200 it had been in the process…
It's Friday desk clearing time for this blogger. "As of Oct. 24, Zillow had 250 homes on the market in metro Phoenix that were on average priced 6.2% below what the company had paid for them, according to Greg Hague,…
A report from Reuters. "The stock of housing under construction increased 1.3% to a rate of 1,426 million units last month, the highest since February 1974." From Market Watch. "Zillow’s unexpected announcement this week that it’s putting a temporary stop…
It's Friday desk clearing time for this blogger. "The world’s tallest residential building is giving out some sky-high discounts. A mystery buyer has plunked down $40.83 million for a five-bedroom, full-floor spread at Central Park Tower on 57th Street. That’s…
A report from CNBC. "'We actually believe the industry is already overbuilding in single-family to normalized demand by roughly 20% and about 10% for multi-family, so we couldn't be on more of an opposite side of where the market is…
A report from the Idaho Statesman. "Broker Kristin Scanlon predicts we will see home prices decrease again as existing home prices follow the decline of new home prices heading into winter. 'There are huge subdivisions going in left and right,'…
A report from the Dallas Morning News. "'Many of you are hearing the housing market is losing some steam,' James Gaines, the longtime economist for the Texas Real Estate Research Center at Texas A&M University, told members of the MetroTex…
A report from AZ Business Magazine. "August home sales dropped 3.5% from July’s total – and the Median Sale Price slipped 1.2% to $335,000. 'Although we appear to be past the blistering summer peak, the market is still very active,'…
It's Friday desk clearing time for this blogger. "The September Realtor.com report stated: 'August [2021] housing data shows early signs of sellers beginning to compete for buyers … As inventory and new listings continued to improve in August, the rate…