A report from the Washington Post. "Federal Reserve Chair Jerome Powell gave a speech a couple of weeks back that showed that financial regulators have learned many lessons from the 2008 financial crisis, but not the most important one, namely:…
A report from the New York Times. "A year ago, many housing markets were in a 'frenzy,' with multiple buyers competing for properties, said Lawrence Yun, chief economist for the Realtors association. But the inventory of homes for sale has…
It's Friday desk clearing time for this blogger. "'California has some of the highest taxes — the highest [priced] housing in the country,' said Jonathan Miller, CEO of Miller Samuel. 'So what you're seeing first is... a slowdown in sales…
A report from Market Watch. "Pending home sales fell a seasonally adjusted 1.5% in April and were 2% lower than a year ago, the National Association of Realtors said. The trend is solidly downward. April marked the 16th-straight month of…
A report from the Orange County Register in California. "Southern California’s home prices boomeranged back in April from a rare price drop in March as lower mortgage rates and an increase in the number of homes for sale lured more…
A report from Market Watch. "The S&P CoreLogic Case-Shiller 20-city index rose a seasonally adjusted 0.1% in March, compared to February, and was 2.7% higher compared to a year ago. That was the slowest pace of annual growth since August…
A report from Boston.com on Massachusetts. "Anyone who’s paid even just casual attention to the Boston residential real estate market knows that home values continue to rise, and out of that a phenomenon has emerged: the $1 million one-bedroom, one-bathroom…
It's Friday desk clearing time for this blogger. "The global financial outlook 'kinda sucks,' said UC Santa Barbara professor Peter Rupert. This year, because of an 11 percent drop in the median house price, from $718,000 to $655,000, Santa Barbara…
A report from the Buffalo News. "Over the course of 13 years, Robert Morgan built a real estate empire that stretches across 14 states and includes 36,000 apartments. But federal prosecutors said he did so with the help of nearly…
A report from the Buffalo News in New York. "Eighteen months ago, the network of companies run by Robert C. Morgan was one of the fastest-growing apartment owners in Western New York. Now, with two executives pleading guilty to federal…