Not A Whole Lot Of Buyers Out There
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It's Friday desk clearing time for this blogger. "Today iBuyers are the ones getting shafted. Laurie Tayrien and her husband bought a home in Phoenix for $485,000 in November. Only five months earlier, Opendoor had purchased it for $646,800. That's…
It's Friday desk clearing time for this blogger. "In June 2021, when the cryptocurrency markets were soaring, the developers of the Arte condominium in Miami’s Surfside neighborhood announced that a buyer had purchased a penthouse there for $22.5 million in…
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It's Friday desk clearing time for this blogger. "Ceruzzi Properties snagged a $350 million condo inventory loan for its luxury condominium tower in Midtown East. The tower is more than 800 feet tall and has 124 condo units. Ceruzzi launched…
A report from the Wall Street Journal. "BlackRock Inc. made a well-timed bet on distressed loans during the financial crisis. Now the firm has moved its windfall to its charitable arm. The giant asset manager said it has donated all…
A report from the Seattle Times in Washington. "Seattle-area homebuyers have a bit of good news as the middle of the housing market continues to come down from what one local housing economist calls last summer’s 'sugar high.' April’s median…